N.J. Admin. Code § 13:40A-5.4

Current through Register Vol. 56, No. 11, June 3, 2024

Section 13:40A-5.4 - Special course requirement(s)

(a) All licensed and certified real estate appraisers shall be required to complete the seven-hour National Update Course on the Uniform Standards of Professional Appraisal Practice or its equivalent at least once every 24 months.

(b) All licensed and certified real estate appraisers shall be required to complete a two-hour course on New Jersey law and rules governing the practice of real estate appraising. The course, at a minimum, shall include: the origin and history of the Real Estate Appraisers Act, the Board composition, scope of practice, mixed practice conflicts of interest, continuing education requirements and criteria, temporary visiting certificates, trainee and supervisor requirements, appraisal reporting, common deficiencies, appraisal management companies, and the complaint process.

Amended by 47 N.J.R. 802(a), effective 4/20/2015.

Amended by 55 N.J.R. 112(a), effective 1/17/2023