Or. Admin. Code § 161-010-0065

Current through Register Vol. 64, No. 1, January 1, 2025

Section 161-010-0065 - Prerequisite Experience and Education Requirements for State Licensed Appraisers

As a prerequisite to taking the examination for licensure as a State Licensed Appraiser, an applicant shall present evidence satisfactory to the Administrator that the applicant has:

(1) At least 1,000 cumulative hours of acceptable appraisal experience. Cumulative experience hours must be acquired in no fewer than six (6) months.

(2)

(a) Successfully completed not less than 150 classroom hours of acceptable appraisal courses as set forth in OAR 161-020-0110(2)(b), with the following exceptions as noted in paragraph (2)(b) below. Each applicant shall have successfully completed the 15-hour National USPAP Course, or its equivalent, within four (4) years preceding the date of application and have successfully passed an examination thereon.

(b) Applicants holding a valid Oregon Appraiser Assistant Registration may satisfy the educational requirements for the State Licensed Appraiser credential by completing the following additional education hours:

(A) Course(s) on Residential Market Analysis and Highest and Best Use (15 hours);

(B) Course(s) on Residential Appraiser Site Valuation and Cost Approach (15 hours);

(C) Course(s) on Residential Sales Comparison and Income Approaches (30 hours in no less than 15 hour increments); and

(D) Course(s) on Residential Report Writing and Case Studies (15 hours).

Or. Admin. Code § 161-010-0065

ACLB 2-2012(Temp), f. & cert. ef. 8-3-12 thru 1-30-13; ACLB 1-2013, f. 1-30-13, cert. ef. 1-31-13; ACLB 3-2014(Temp), f. & cert. ef. 7-7-14 thru 12-31-14; ACLB 5-2014, f. 12-19-14, cert. ef. 1/1/2015; ACLB 2-2018, temporary amend filed 06/08/2018, effective 06/11/2018 through 12/07/2018; ACLB 6-2018, amend filed 11/08/2018, effective 11/8/2018; ACLB 1-2023, amend filed 07/24/2023, effective 7/24/2023; ACLB 1-2024, amend filed 07/30/2024, effective 7/30/2024

Statutory/Other Authority: ORS 674.305 & 674.310

Statutes/Other Implemented: ORS 674