Section 645C.240 - Certification as general appraiser: Required instruction and higher education1. A course of instruction for an applicant for a certificate as a general appraiser must: (a) Consist of at least the following: (1) Thirty hours of instruction on basic appraisal principles;(2) Thirty hours of instruction on basic appraisal procedures;(3) Fifteen hours of instruction in the National USPAP Course;(4) Thirty hours of instruction on general market analysis and analysis of the highest and best use of real estate;(5) Thirty hours of instruction on valuation of a site and cost approach for a general appraiser;(6) Thirty hours of instruction on a sales comparison approach for a general appraiser;(7) Sixty hours of instruction on an income approach for a general appraiser;(8) Thirty hours of instruction on report writing and case studies for a general appraiser;(9) Fifteen hours of instruction on statistics, modeling and finance;(10) Three hours of instruction on the laws of this State governing appraisals; and(11) Thirty hours of instruction in elective courses relating to appraisals.(b) Except as otherwise provided in subsection 2, be completed within the 5 years immediately preceding the submission of an application for a certificate.2. The Division may allow credit for a course of instruction set forth in subsection 1 that is completed more than 5 years before the submission of an application for a certificate as a general appraiser if the course is successfully completed at an accredited college or university.3. An applicant for a certificate as a general appraiser must hold a bachelor's degree or higher from an accredited college or university. Nev. Admin. Code § 645C.240
Added to NAC by Comm'n of Appraisers of Real Estate, eff. 1-26-90; A 11-19-91; R036-00, 5-4-2000; R100-03, 1-30-2004; R158-05, 9-18-2006, eff. 1-1-2008; R026-08, 8-26-2008; R196-08, 2-11-2009; A by R011-13, eff. 1/1/2015