N.M. Admin. Code § 16.62.8.15

Current through Register Vol. 35, No. 23, December 10, 2024

Section 16.62.8.15 - APPROVAL OF COURSES

A. All real estate appraisal courses except the appraisal qualifications board (AQB) approved fifteen (15) hour and seven (7) hour national USPAP courses, must have prior approval by the board if they are to be approved for credit towards continuing education or qualifying education. Beginning January 1, 2008, all qualifying education courses for pre-trainee, pre-licensing and pre-certification must have been approved through the AQB course approval program. The AQB approved fifteen (15) hour national USPAP course and the seven (7) hour national USPAP update course do not require prior approval by the board with proof that the course was taught by an AQB certified national USPAP instructor who is also a residential or general certified appraiser. The course sponsor may certify in the form of a certificate provided to the student that the instructor meets the above board criteria.

B. All board approved real estate courses except the AQB approved fifteen (15) hour national USPAP course and the seven (7) hour national USPAP update course, as defined in Subsection A of this section, accepted for pre-trainee, pre-licensing and pre-certification credit must: be a minimum length of at least fifteen (15) hours and include successful completion of an approved closed-book examination pertinent to that educational offering.

C. Application for course approval must be made to the board. No classes for credit may commence prior to board approval. The education advisory committee will review the application in accordance with 16.62.8.13 NMAC.

D. All course outlines approved by the board for pre-trainee, pre-licensing, pre-certification and continuing education credit shall become the property of the board and the outlines shall be available to all those board approved sponsors wishing to teach said courses.

E. All existing courses are subject to periodic review by the board. The board may at any time change the approval status of any course.

N.M. Admin. Code § 16.62.8.15

3/14/00; 16.62.8.15 NMAC - Rn & A, 16 NMAC 62.8.15, 9/13/2004; A, 11/25/2006; A, 1/16/2011; A, 7/10/2011

Amended by New Mexico Register, Volume XXV, Issue 23, December 15, 2014, eff. 1/1/2015