264 CMR, § 5.09

Current through Register 1533, October 25, 2024
Section 5.09 - Required Core Curricula
(1)Appraisal Trainee.
(a) 30 hours in Basic Appraisal Principles;
(b) 30 hours in Basic Appraisal Procedures; and
(c) 15-hour National USPAP or National USPAP Equivalency Course Approved by the AQB and the Board.
(2)State-licensed Appraiser.
(a) 30 hours in Basic Appraisal Principles;
(b) 30 hours in Basic Appraisal Procedures;
(c) 15-hour National USPAP or National USPAP Equivalency Course Approved by the AQB and the Board;
(d) 15 hours in Residential Market Analysis and Highest and Best Use;
(e) 15 hours Residential Appraiser Site Valuation and Cost Approach;
(f) 30 hours Residential Sales Comparison and Income Approaches; and
(g) 15 hours Residential Report Writing and Case Studies.
(3)Certified Residential Appraiser.
(a) 30 hours in Basic Appraisal Principles;
(b) 30 hours in Basic Appraisal Procedures;
(c) 15-hour National USPAP or National USPAP Equivalency Course Approved by the AQB and the Board;
(d) 15 hours in Residential Market Analysis and Highest and Best Use;
(e) 15 hours Residential Appraiser Site Valuation and Cost Approach;
(f) 30 hours Residential Sales Comparison and Income Approaches;
(g) 15 hours Residential Report Writing and Case Studies;
(h) 15 hours Statistics, Modeling and Finance;
(i) 15 hours Advanced Residential Applications and Case Studies; and
(j) 20 hours Appraisal Subject Matter Electives - This may include additional hours in above topics.
(4)Certified General Appraiser.
(a) 30 hours in Basic Appraisal Principles;
(b) 30 hours in Basic Appraisal Procedures;
(c) 15-hour National USPAP or National USPAP Equivalency Course Approved by the AQB and the Board;
(d) 30 hours in General Appraiser Market Analysis and Highest and Best Use;
(e) 15 hours Statistics, Modeling and Finance;
(f) 30 hours in General Appraiser Sales Comparison Approaches;
(g) 30 hours in General Appraiser Site Valuation and Cost Approach;
(h) 60 hours in General Appraiser Income Approach;
(i) 30 hours in General Appraiser Report Writing and Case Studies; and
(j) 30 hours in Other Appraisal Subject Matter Primary Courses - This may include additional hours in above topics.

264 CMR, § 5.09

Amended by Mass Register Issue 1323, eff. 10/7/2016.
Amended by Mass Register Issue 1416, eff. 5/1/2020.