Iowa Admin. Code r. 193F-11.4

Current through Register Vol. 47, No. 10, November 13, 2024

Rule 193F-11.4 - [Effective until 5/22/2024] Minimum program qualifications

(1) Continuing education programs, as a condition of board approval, must provide a formal program of learning that contributes to the growth in the professional knowledge and professional competence of real estate appraisers.

(2) Continuing education programs dealing with the following subject areas that are integrally related to appraisal topics and that will generally be acceptable include, but are not limited to:

a. Ad valorem taxation;

b. Agriculture production and economics;

c. Agronomy/soil;

d. Approaches to value;

e. Arbitrations, dispute resolution;

f. Courses related to the practice of real estate appraisal or consulting;

g. Construction cost or development cost estimating;

h. Ethics and standards of professional practice, USPAP;

i. Land use planning or zoning;

j. Management, leasing, time sharing;

k. Property development, partial interests;

l. Real estate appraisal law and rules;

m. Real estate appraisal (valuations/evaluations);

n. Real estate law, easements, and legal interests;

o. Real estate litigation, damages, condemnation;

p. Real estate financing and investment;

q. Real estate appraisal-related computer applications;

r. Real estate securities and syndication;

s. Developing opinions of real property value in appraisals that also include personal property or business value, or both;

t. Seller concessions and impact on value;

u. Energy efficient items and "green building" appraisals; and

v. Real estate appraisal technology (e.g., drones).

(3) The following programs will not be acceptable:

a. Sales promotion meetings held in conjunction with the appraiser's general business;

b. Time devoted to breakfast, lunch or dinner;

c. A program certified by the use of a challenge examination. The required number of hours must be completed to receive credit hours;

d. Programs that do not provide at least two credit hours.

(4) Continuing education credit will be granted only for whole hours, with a minimum of 50 minutes constituting one hour. For example, 150 minutes of continuous instruction would count as three credit hours; however, more than 100 minutes but less than 150 minutes of continuous instruction would only count as two hours.

(5) Continuing education credit may be approved for university or college courses, when an official transcript is provided, in qualifying topics according to the following formula: Each semester hour of credit shall equal 15 credit hours and each quarter hour of credit shall equal 10 credit hours.

Iowa Admin. Code r. 193F-11.4

ARC 9865B, lAB 11/30/11, effective 1/4/12

Amended by IAB November 12, 2014/Volume XXXVII, Number 10, effective 12/17/2014

Amended by IAB October 21, 2020/Volume XLIII, Number 9, effective 11/25/2020

Amended by IAB February 9, 2022/Volume XLIV, Number 16, effective 3/16/2022