Section R162-2g-304b - Application to Sit for the State-Certified Residential Appraiser Exam(1) An applicant to sit for the state-certified residential appraiser exam shall provide the following to the division:(a) completed experience forms, as required by the division, evidencing at least 1,500 hours of appraisal experience, at least 500 of which: (i) meet the requirements of Section R162-2g-304d;(ii) are completed during the time when the applicant is licensed as a state-licensed appraiser: (A) with the division; or(B) in another state, if licensure was required in that state when the appraisal was performed; and(iii) are accrued in no fewer than:(A) for applicants submitting experience primarily from Appendices 1 and 2, six months from the date the applicant received the state-licensed appraiser credential; or(B) for applicants submitting experience primarily from Appendix 3, 12 months from the date the applicant received the state-licensed appraiser credential; or(b) evidence of having obtained; (i) 1,500 experience hours by successfully completing the AQB-approved PAREA modules for both the Licensed Residential Module and the Certified Residential Module;(ii) 1,000 experience hours by successfully completing the AQB-approved Licensed Appraiser PAREA Module, plus at least 500 hours of supervised appraisal experience that meets the requirements of Subsections (a)(i), (ii), and (iii); or(iii) 500 experience hours by successfully completing the AQB-approved Certified Residential Appraiser PAREA Module, plus at least 1,000 hours of supervised appraisal experience, at least 500 of which meet the requirements as described in Subsections (a)(i), (ii), and (iii);(c) evidence of having completed at least one of the following six education options: (i) option 1: received a Bachelor's degree or higher in any field of study from an accredited college or university;(ii) option 2: received an Associate's degree from an accredited college or university in a field of study related to:(A) Business Administration;(iii) option 3: successful completion of 30 semester hours of college-level courses that cover each of the following specific topic areas and hours:(A) English composition: three semester hours;(B) micro economics: three semester hours;(C) macro economics: three semester hours;(D) finance: three semester hours;(E) algebra, geometry, or higher mathematics: three semester hours;(F) statistics: three semester hours;(G) computer science: three semester hours;(H) business law or real estate law: three semester hours; and(I) two elective courses in: accounting, geography, agricultural economics, business management, or real estate: three semester hours each;(iv) option 4: successful completion of at least 30 hours of College Level Examination Program 7 (CLEP7) examinations from the following subject matter areas:(C) College Composition Modular;(E) Principals of Macroeconomics;(F) Principals of Microeconomics;(G) Introductory Business Law; and (H) Principals of Management.(v) option 5: any combination of option 3 and option 4 that includes the topics identified in option 3; or(vi) option 6: no college-level education is required for appraisers who have held a state-licensed appraiser credential for a minimum of five years and have no record of any adverse, final, and non-appealable disciplinary action affecting the state-licensed appraiser's legal eligibility to engage in appraisal practice within the five years immediately preceding the date of application for a state-certified residential credential;(d) evidence of having successfully completed a state-certified residential appraiser pre-licensing required core curriculum as described in Appendix 4, Table 1 and that has been certified by the division pursuant to Section R162-2g-307c; and(e) except as provided in Subsection (5)(a), a nonrefundable application fee.(2) The pre-licensing curriculum required by Subsection (1)(d) shall be provided by: (a) a college or university;(b) a community or junior college;(c) a real estate appraisal or real estate related organization;(d) a state or federal agency or commission;(e) a proprietary school;(f) a provider approved by a state certification and licensing agency; or(g) the Appraisal Foundation or its boards.(3) PAREA participants must complete, as a prerequisite before beginning an AQB-approved PAREA training module, 206 hours of qualifying education as specified in the Required Core Curriculum for the Certified Residential Real Property Appraiser classification.(4)(a) Upon determining that the applicant satisfies the education and experience requirements, the division shall issue to the applicant a form permitting the applicant to register for the examination.(b) Upon being approved to register for the examination pursuant to Subsection (4)(a), an applicant shall:(i) return the examination application form to the testing service designated by the division; and(ii) pay a nonrefundable examination fee to the testing service designated by the division. The permission to register to sit for the examination shall be valid for 24 months after issuance.
(5)(a) A state-licensed appraiser who, within six months of renewing the license, submits an application and consequently qualifies for certification shall not be required to pay the entire application fee but shall instead pay the difference between the renewal fee and the application fee.(b) A certification that is obtained under Subsection (5)(a) shall expire on the date that the license was due to expire before the granting of certification.Utah Admin. Code R162-2g-304b
Amended by Utah State Bulletin Number 2015-2, effective 1/1/2015Amended by Utah State Bulletin Number 2018-2, effective 12/27/2017Amended by Utah State Bulletin Number 2018-19, effective 9/4/2018Amended by Utah State Bulletin Number 2022-19, effective 9/14/2022