- (A) Topics for qualifying courses referenced in 137-100.02 must be broad in scope and must cover various principles, concepts, standards, practices and/or methods that are applicable to the performance of a wide range of appraisal assignments that will commonly be encountered by licenses or certified appraisers in connection with appraisals in federally-related transactions. The courses must include a minimum of fifteen (15) hours and an examination pertinent to that educational offering. Prelicense appraisal courses must be in modules which require a specified number of education hours at each credential level as established by the AQB of The Appraisal Foundation.
- (B) Topics for continuing education courses must contribute to the goal of maintaining or increasing the knowledge, skill and competence of real estate appraisers with regard to the performance of real estate appraisals in a manner that best serves the public interest and must be a minimum of two (2) class hours in length.
- (C) Learning objectives and course outline reflecting the course content with time allotments must be furnished to the Board at the time of application for approval, along with copies of all quizzes and examinations for qualifying courses. Examinations and the criteria for such examinations and final grade determination may be developed by each provider based on its individual concepts. The Board may, however, direct alterations in examinations procedures, criteria for passing, and administration whenever deemed necessary.
- (D) Providers must identify to the Board the texts to be used in any approved course of instruction.
- (E) For qualifying courses, providers must establish uniform testing and grading procedures for their quizzes and examinations and must use approved instructors for administering and monitoring all such tests. No proprietor, instructor or any other individual may arbitrarily alter a student’s grade or offer to students any re-examination of the same test previously administered. Retake examinations must contain at least eighty percent (80%) new material.
- (F) Synchronous courses must be limited to a maximum of eight (8) hours in any given day. Students must be allowed reasonable breaks. Providers must require strict attendance of all classroom or virtual hours required by law and must maintain records indicating all student absences.
- (G) Providers may offer students failing to meet the minimum-hour requirement: a make-up session offered by the provider in person or virtually, consisting of the content covered in the session or hours missed; or attendance of the same class session offered by the provider at a future date.
- (H) Each provider must electronically submit approved continuing education courses for each South Carolina appraiser verifying completion of a course for each licensee who satisfactorily completes the course. Completed courses must be transmitted electronically within fourteen (14) calendar days.
HISTORY: Added by State Register Volume 19, Issue No. 6, eff June 23, 1995. Amended by State Register Volume 25, Issue No. 5, Part 2, eff May 25, 2001; State Register Volume 32, Issue No. 2, eff February 22, 2008; State Register Volume 38, Issue No. 6, Doc. No. 4426, eff June 27, 2014; State Register Volume 40, Issue No. 5, Doc. No. 4589, eff May 27, 2016; SCSR 42-5 Doc. No. 4766, eff May 25, 2018; SCSR 46-5 Doc. No. 5100, eff May 27, 2022; SCSR 49-5 Doc. No. 5340, eff May 23, 2025.