As a prerequisite to taking the examination for licensure as a State Licensed Appraiser, an applicant shall present evidence satisfactory to the Administrator that the applicant has:
- (1) At least 1,000 cumulative hours of acceptable appraisal experience. Cumulative experience hours must be acquired in no fewer than six (6) months. Completion of the Licensed Residential module of an AQB-approved PAREA program satisfies this requirement.
(2)
- (a) Successfully completed not less than 150 classroom hours of acceptable appraisal courses as set forth in OAR 161-020-0110(2)(b), with the following exceptions as noted in paragraph (2)(b) below. Each applicant shall have successfully completed the 15-hour National USPAP Course, or its equivalent, within four (4) years preceding the date of application and have successfully passed an examination thereon.
(b) Applicants holding a valid Oregon Appraiser Assistant Registration may satisfy the educational requirements for the State Licensed Appraiser credential by completing the following additional education hours:
- (A) Course(s) on Residential Market Analysis and Highest and Best Use (15 hours);
- (B) Course(s) on Residential Appraiser Site Valuation and Cost Approach (15 hours);
- (C) Course(s) on Residential Sales Comparison and Income Approaches (30 hours in no less than 15 hour increments); and
- (D) Course(s) on Residential Report Writing and Case Studies (15 hours).
Statutory/Other Authority
ORS 674.305 & 674.310
Statutes/Other Implemented
ORS 674
History
ACLB 1-2025, amend filed 07/22/2025, effective 07/22/2025
ACLB 1-2024, amend filed 07/30/2024, effective 07/30/2024
ACLB 1-2023, amend filed 07/24/2023, effective 07/24/2023
ACLB 6-2018, amend filed 11/08/2018, effective 11/08/2018
ACLB 2-2018, temporary amend filed 06/08/2018, effective 06/11/2018 through 12/07/2018
ACLB 5-2014, f. 12-19-14, cert. ef. 1-1-15
ACLB 3-2014(Temp), f. & cert. ef. 7-7-14 thru 12-31-14
ACLB 1-2013, f. 1-30-13, cert. ef. 1-31-13
ACLB 2-2012(Temp), f. & cert. ef. 8-3-12 thru 1-30-13