(a) General.

1. (1) Please consult 17 CAR § 200-208 for additional requirements.

2. (2) The state-registered appraiser classification qualifies the appraiser to perform appraisals on any type of property except:

   1. (A) When the purpose of the appraisal is for use in federally related transactions; or
   2. (B) The client requires a state-licensed or certified appraiser.
3. (3) All appraisal reports must include a statement that the appraisal may not be eligible for use in federally related transactions.
4. (4) As a part of the application, the state-registered appraiser shall complete an approved four-hour course that, at minimum, complies with the specifications for a trainee/supervisor course content as established by the Appraiser Qualifications Board and the State Board of Appraisers, Abstracters, and Home Inspectors.
5. (5) The state-registered appraiser classification may not be upgraded to any other classification.

(c) Qualifying education.

1. (1) As the prerequisite for application, an applicant must have completed seventy-nine (79) hours of qualifying education as listed below:

   1. (A) Basic Appraisal Principles, thirty (30) hours;
   2. (B) Basic Appraisal Procedures, thirty (30) hours;
   3. (C) 15-Hour National USPAP Course, or its equivalent, fifteen (15) hours; and
   4. (D) Supervisory Appraiser/Trainee Appraiser Course, four (4) hours.
2. (2) Additionally, applicants must pass the course examinations and pass the 15-Hour National USPAP Course or its Appraiser Qualifications Board-approved equivalent and the examination as a part of the seventy-nine (79) hours.
3. (3) All qualifying education must be completed within the five-year period immediately preceding the date of application for a state-registered credential.