PURPOSE: Effective July 1, 2007, this rule defines the examination and education requirements for each level of registration, licensure, and certification.

1. (1) Examination and Education Requirements.

   1. (A) State-Certified Real Estate Appraiser.

      1. 1. To obtain certification as a state-cer-

tified general real estate appraiser, an applicant shall successfully complete the Appraisers Qualifications Board (AQB)-approved State Certified General Real Property Appraiser Examination. There is no alternative to successful completion of the examination. On or after July 1, 2007, to qualify for taking the AQB-approved Uniform State Certified General Real Property Appraiser Examination, an applicant shall satisfy the educational requirements set forth under subsection (2)(A) of this rule. Prior to July 1, 2007, an applicant for examination as a statecertified general real estate appraiser may either satisfy the educational requirements set forth in this rule or in 20 CSR 2245-6.010.

1. (B) State-Certified Residential Real Estate Appraiser.

   1. 1. To obtain a certification as a state-

certified residential real estate appraiser, an applicant shall successfully complete the AQB-approved Certified Residential Real Property Appraiser Examination. There is no alternative to successful completion of the examination. The Certified General Real Property Appraiser Examination is not equivalent to the Certified Residential Real Property Appraiser Examination. On and after July 1, 2007, to qualify for taking the AQB- approved Certified Residential Real Property Appraiser Examination, an applicant shall satisfy the educational requirements set forth in subsection (2)(B) of this rule. Prior to July 1, 2007, an applicant for examination as a state-certified residential real estate appraiser may either satisfy the educational requirements set forth in this rule or in 20 CSR 2245-6.010.

1. (C) State-Licensed Real Estate Appraiser.

   1. 1. To obtain a license as a state-licensed

real estate appraiser, an applicant shall successfully complete the AQB-approved Licensed Residential Real Property Appraiser Examination. There is no alternative to successful completion of the examination. On and after July 1, 2007, to qualify for taking the AQB-approved Licensed Residential Real Property Appraiser Examination, an applicant shall satisfy the educational requirements set forth in subsection (2)(C) of this rule. Prior to July 1, 2007, an applicant for licensure as a state-licensed real estate appraiser may either satisfy the examination requirements set forth in this rule or in 20 CSR 2245-6.010.

1. (D) Trainee Real Estate Appraiser.

   1. 1. There is no examination requirement

for registration as a trainee real estate appraiser other than as is required to earn credit for completion of the prerequisite educational courses.

1. (2) Qualifying Education. The Missouri Real Estate Appraisers Commission does not accept on-line qualifying education with the exception of the courses listed in paragraphs (2)(A)2. and (2)(B)2. and the “Appraisal Subject Matter Electives” as noted below.

   1. (A) State-Certified General Real Estate Appraiser.

      1. 1. Applicants for the certified general

certification shall hold a bachelor’s degree or higher from a college or university accredited by a regional accrediting commission recognized by the United States Department of Education or an equivalent approving agency for out-of-state schools, unless the requirements of the following paragraph (2)(A)2. are satisfied.

1. 2. In lieu of the bachelor’s degree, an

applicant for the certified general certification shall successfully pass thirty (30) semester 20 CSR 2245-6

credit hours, or its equivalent, including each of the following collegiate subject matter courses from a college, junior college, community college, or university accredited by a regional accrediting commission recognized by the United States Department of Education or an equivalent approving agency for out-ofstate schools:

1. A. English composition;
2. B. Micro economics;
3. C. Macro economics;
4. D. Finance;
5. E. Algebra, geometry, or higher

mathematics;

1. F. Statistics;
2. G. Introduction to computers, word

processing, and spreadsheets;

1. H. Business law or real estate law;

and

1. I. Two (2) elective courses in account-

ing, geography, ag-economics, business management, or real estate.

1. 3. If a college or university accredited by

a regional accrediting commission recognized by the United States Department of Education or an equivalent approving agency for out-ofstate schools accepts the College-Level Examination Program® (CLEP) examination(s) and issues a transcript for the exam showing its approval, it will be considered as credit for the college course.

1. 4. The applicant shall submit verifica-

tion of completion of three hundred (300) creditable class hours from the core curriculum, including passage of the approved closed-book examination for each course, as follows:

1. A. Basic Appraisal Principles 30 Hours B Basic Appraisal Procedures 30 Hours
2. C. The 15-Hour National Uniform Standards of Professional Appraisal Practice (USPAP) Course or its Equivalent 15 Hours
3. D. General Appraiser Market Analysis and Highest and Best Use 30 Hours
4. E. Statistics, Modeling, and Finance 15 Hours
5. F. General Appraiser Sales Comparison Approach 30 Hours
6. G. General Appraiser Site Valuation and Cost Approach 30 Hours
7. H. General Appraiser Income Approach 60 Hours
8. I. General Appraiser Report Writing and Case Studies 30 Hours FINANCIAL INSTITUTIONS AND PROFESSIONAL REGISTRATION
9. J. Appraisal Subject Matter Electives 30 Hours (Electives may include hours over minimum shown above in other modules and may be taken on-line subject to 20 CSR 2245-7.020(3)) Total 300 Hours
10. 5. Applicants shall demonstrate that

their education includes the core courses listed in these criteria, with particular emphasis on non-residential properties.

1. (B) State-Certified Residential Real Estate Appraiser.

   1. 1. Applicants for the certified residential

certificate shall hold an associate degree or higher from a college, junior college, community college, or university accredited by a regional accrediting commission recognized by the United States Department of Education or an equivalent approving agency for out-ofstate schools, unless the requirements of paragraph (2)(B)2. of this rule are satisfied.

1. 2. In lieu of the associate degree, an

applicant for the certified residential certification shall successfully pass twenty-one (21) semester credit hours, or its equivalent, of college courses, including each of the following subject matter courses from a college, junior college, community college, or university accredited by a regional accrediting commission recognized by the United States Department of Education or an equivalent approving agency for out-of-state schools:

1. A. English composition;
2. B. Principles of economics (micro or

macro);

1. C. Finance;
2. D. Algebra, geometry, or higher

mathematics;

1. E. Statistics;
2. F. Introduction to computers, word

processing, and spreadsheets; and

1. G. Business law or real estate law.
2. 3. If a college or university accredited

by a regional accrediting commission recognized by the United States Department of Education or an equivalent approving agency for out-of-state schools accepts the College- Level Examination Program® (CLEP) examination(s) and issues a transcript for the exam showing its approval, it will be considered as credit for the college course.

1. 4. The applicant shall submit verifica-

tion of completion of two hundred (200) creditable class hours from the core curriculum, including passage of the approved closedbook examination for each course, as follows:

1. A. Basic Appraisal Principles 30 Hours
2. B. Basic Appraisal Procedures 30 Hours
3. C. The 15-Hour National USPAP Course 15 Hours
4. D. Residential Market Analysis and Highest and Best Use 15 Hours
5. E. Residential Appraiser Site Valuation and Cost Approach 15 Hours
6. F. Residential Sales Comparison and Income Approaches 30 Hours
7. G. Residential Report Writing and Case Studies 15 Hours
8. H. Statistics, Modeling, and Finance 15 Hours
9. I. Advanced Residential Applications and Case Studies 15 Hours
10. J. Appraisal Subject Matter Electives 20 Hours (Electives may include hours over minimum shown above in other modules and may be taken on-line subject to 20 CSR 2245-7.020(3)) Total 200 Hours

11. (C) State-Licensed Real Estate Appraiser.

    1. 1. The applicant shall submit verifica-

tion of completion of one hundred fifty (150) creditable class hours from the core curriculum, including passage of the approved closed-book examination for each course, as follows:

1. A. Basic Appraisal Principles 30 Hours
2. B. Basic Appraisal Procedures 30 Hours
3. C. The 15-Hour National USPAP Course or its Equivalent 15 Hours
4. D. Residential Market Analysis and Highest and Best Use 15 Hours
5. E. Residential Appraiser Site Valuation and Cost Approach 15 Hours
6. F. Residential Sales Comparison and Income Approaches 30 Hours
7. G. Residential Report Writing and Case Studies 15 Hours Total 150 Hours

AUTHORITY: section 339.509, RSMo 2000 and section 339.517, RSMo Supp. 2010.* Original rule filed Nov. 21, 2006, effective July 30, 2007. Amended: Filed June 15, 2011, effective Jan. 30, 2012.

*Original authority: 339.509, RSMo 1990, amended 1998 and 339.517, RSMo 1990, amended 1990, 1993, 1998, 2003.