1. (a) Each applicant as a certified residential real estate appraiser shall hold:

   1. (1) An associate’s degree in the field of either business administration, finance, accounting, economics, or real estate;
   2. (2) A bachelors degree or higher in any field of study; or
   3. (3) A licensed residential real estate appraiser credential for a minimum of 5 years and have no record of any adverse and final disciplinary history during the 5 years preceding the application for certification when the applicant does not meet the education requirement in (1) or (2) above.
2. (b) Each applicant for certification as a general real estate appraiser shall hold at least a bachelor’s degree, or higher, from a college or university accredited by the Commission on Colleges, a regional or national accreditation association, or by an accrediting agency that is recognized by the U.S. Secretary of Education.
3. (c) Each applicant as a licensed residential real estate appraiser shall not be required to have any college level education.
4. (d) If the accredited college or university accepts the College-Level Examination Program® (CLEP) examination(s) and issues a transcript for the exam showing its approval, the board shall consider such examination result to be the equivalent of credit for the college course.

Source. (See Revision Note at chapter heading for Rab 100) #5435, eff 7-15-92; ss by #6787, INTERIM, eff 7-15-98, EXPIRED: 11-12-98 New. #6958, eff 3-23-99, EXPIRED: 3-23-07 New. #8854, INTERIM, eff 3-24-07, EXPIRED: 9-20-07 New. #9018, eff 11-1-07; ss by #10270, eff 2-2-13 (from Rab 302.19); ss by #10778, eff 1-31-15; ss by #13216, eff 6-21-21; ss by #13967, eff 7-16-24 (see Revision Note at chapter heading for Rab 300)