Mo. Code Regs. tit. 20 § 2245-7.010

Current through Register Vol. 49, No. 24, December 16, 2024

Section 20 CSR 2245-7.010 - Standards for Prelicense Course Approval

PURPOSE: This rule regulates the standards for approval of a prelicense real estate appraisal course including the subjects, curriculum and the minimal requirements of instructors.

(1) Providers of prelicense real estate appraisal courses, shall obtain approval of each course from the commission, that will be granted upon proof of compliance with the following requirements:

(A) The prelicense courses of study offered by the course provider shall include the subjects set forth in the three hundred (300) classroom hours for state-certified general real estate appraisers, the two hundred (200) classroom hours for state-certified residential real estate appraisers, the one hundred fifty (150) classroom hours for state-licensed real estate appraisers, or any combination of;

(B) Each area of study shall be conducted and supervised by an instructor who shall be present in the classroom at all times. Each instructor shall be qualified by specialized preparation, training and experience to ensure competent instruction. The qualifications of each instructor shall be approved by the commission prior to participation in a course of study. As a minimum requirement, each instructor shall-

1. Be a certified or licensed Missouri real estate appraiser with at least two (2) years of real estate appraisal experience acquired within a period of five (5) years immediately preceding the filing for approval. The commission may waive the certification or licensure requirements for good cause; and

2. Have verifiable practical experience in an area of study to be taught which, in the opinion and discretion of the commission, is substantially equivalent to the foregoing requirements. The commission may request documentation be provided to them; and

(C) All audio or visual teaching aids employed by a course provider shall be used under the personal supervision of the instructor approved to conduct the prelicense course and may not exceed twenty percent (20%) of the total prelicense course presentation. Guest speakers may not be used for more than ten percent (10%) of a prelicense course presentation and they do not have to possess instructor credentials.

(2) Providers of prelicense real estate appraisal courses shall attain approval for each course from the Appraisal Qualifications Board (AQB) Course Approval Program or an AQB approved course approval program prior to submitting for commission review as outlined in section (1) of this rule. Approval by the commission will be automatically withdrawn if the course is no longer an approved course by the AQB.

20 CSR 2245-7.010

AUTHORITY: sections 339.509, RSMo 2000 and 339.517, RSMo Supp. 2006.* This rule originally filed as 4 CSR 245-7.010. Emergency rule filed Dec. 6, 1990, effective Dec. 16, 1990, expired April 14, 1991. Emergency rule filed April 4, 1991, effective April 14, 1991, expired Aug. 11, 1991. Original rule filed Jan. 3, 1991, effective April 29, 1991. Amended: Filed Aug. 14, 1991, effective Jan. 13, 1992. Emergency amendment filed Dec. 16, 1993, effective Jan. 1, 1994, expired April 30, 1994. Amended: Filed Sept. 2, 1993, effective April 9, 1994. Emergency amendment filed Sept 1, 1998, effective Sept. 11, 1998, expired March 9, 1999. Amended: Filed Sept. 1, 1998, effective Feb. 28, 1999. Moved to 20 CSR 2245-7.010, effective Aug. 28, 2006. Amended: Nov. 21, 2006, effective July 30, 2007. Amended: Filed July 11, 2007, effective Jan. 30, 2008.

*Original authority: 339.509, RSMo 1990, amended 1998 and 339.517, RSMo 1990, amended 1990, 1993, 1998, 2003.