Iowa Admin. Code r. 193F-5.3

Current through Regsiter Vol. 46, No. 26, June 12, 2024

Rule 193F-5.3 - Examination

The prerequisites for taking the AQB-approved examination are collegiate education, experience, work product review, and completion of all creditable course hours as specified in this chapter. The core criteria hours, collegiate education, and all experience have to be completed as specified in this chapter. Equivalency will be determined in accordance with the AQB. USPAP qualifying education will be awarded only when the class is instructed by at least one AQB-certified USPAP instructor who holds a state-issued certified appraiser credential in active status and good standing.

(1) In order to qualify to sit for the appropriate certified real estate appraiser examination, the applicant has to complete the board's application form and provide copies of documentation of completion of all courses claimed that qualify the applicant to sit for the examination.

a. A sufficient application within the meaning of Iowa Code section 17A.18(2) has to:

(1) Be through the board's online system;

(2) Be signed by the applicant, be certified as accurate, or display an electronic signature by the applicant if submitted electronically;

(3) Be fully completed;

(4) Reflect, on its face, full compliance with all applicable continuing education obligations; and

(5) Be accompanied by the fee specified in 193F-Chapter 11.

b. The core criteria, collegiate education, experience, and work product review have to be completed and documentation submitted to the board at the time of application to sit for the examination.

(2) The board may verify educational credits claimed. Undocumented credits will be sufficient cause to invalidate the examination results.

(3) Responsibility for documenting the educational credits claimed rests with the applicant.

(4) An applicant has to supply a true and accurate copy of the original examination scores when applying for certification.

(5) If an applicant who has passed an examination does not obtain the related appraiser credential within 24 months after passing the examination, that examination result loses its validity to support issuance of an appraiser credential. To regain eligibility for the credential, the applicant has to retake and pass the examination. This obligation applies to individuals obtaining an initial certified credential or upgrading from an associate credential.

Iowa Admin. Code r. 193F-5.3

ARC 7774B, lAB 5/20/09, effective 6/24/09

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

Amended by IAB December 5, 2018/Volume XLI, Number 12, effective 1/9/2019

Amended by IAB July 28, 2021/Volume XLIV, Number 2, effective 9/1/2021

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

Adopted by IAB April 17, 2024/Volume XLVI, Number 21, effective 5/22/2024