- a) The overall content for qualifying education courses shall not be repetitive and shall represent a progression of instruction in which the appraiser's knowledge is increased. The core curriculum for qualifying education courses shall be the core curriculum as approved and revised by AQB.
- b) Qualifying education course work to obtain a license as an Associate Real Estate Trainee Appraiser shall consist of 75-classroom hours of instruction, which must include the 15-hour national USPAP course or its AQB approved equivalent.
- c) Effective January 1, 2026, a trainee applicant must complete a total of 83-classroom hours of qualifying education, which shall include the 15-hour national USPAP course or its AQB equivalent, with an additional eight-hour course and examination on valuation bias and fair housing laws and regulations approved by the AQB.
d) Subject to the AQB, federal, and State law requirements, the remaining 60-hours of instruction may include, but are not limited to, the following topics:
- 1) influences on real estate value;
- 2) legal considerations in appraisal;
- 3) types of value;
- 4) economic principles;
- 5) real estate markets and analysis;
- 6) valuation process;
- 7) property description;
- 8) highest and best use analysis;
- 9) appraisal statistical concepts;
- 10) sales comparison approach;
- 11) site value;
- 12) cost approach;
- 13) income approach;
- 14) valuation of partial interests;
- 15) appraisal standards and ethics;
- 16) valuation bias and fair housing laws and regulations;
- 17) other topics approved by the Division; and
- 18) any other topics required by the AQB.
- e) Qualifying education course work to obtain a license as a State Certified Residential Real Estate Appraiser shall consist of a total of 200 classroom hours of instruction, which includes the 75-hour requirement for an Associate Real Estate Trainee Appraiser License within those hours. The 75-hour trainee course requirement shall contain the mandatory 15-hour national USPAP course or its approved AQB equivalent.
- f) Qualifying education course work to obtain a license as a State Certified General Real Estate Appraiser shall consist of a total of 300 classroom hours of instruction, which can include the 200-hour requirement for a State Certified Residential Real Estate Appraiser License within those hours. The 75-hour requirement for an Associate Real Estate Trainee Appraiser License shall be included within the 300-hour requirement. The 75-hour trainee course requirement shall contain the mandatory 15-hour national USPAP course or its AQB approved equivalent.
- g) Effective January 1, 2026, the 83-hour qualifying education requirement for a trainee shall contain the mandatory 15-hour national USPAP course or its AQB approved equivalent and will apply toward the 200 classroom hours required for a state certified residential real estate appraiser license and toward the 300 classroom hours required for a State Certified General Real Estate Appraiser License. The additional eight-hour course and examination on valuation bias and fair housing laws and regulations does not increase the total number of required hours for either credential.
(Source: Amended at 48 Ill. Reg. 14553, effective September 24, 2024)