Section 193F.11.4. Minimum program qualifications.

         11.4(1) Continuing education programs, as a condition of board approval, must provide a formal program of learning that contributes to the growth in the professional knowledge and professional competence of real estate appraisers.

         11.4(2) Continuing education programs dealing with the following subject areas that are integrally related to appraisal topics will generally be acceptable:

            a.               Ad valorem taxation;

            b.               Agriculture production and economics;

            c.               Agronomy/soil;

            d.               Approaches to value;

            e.               Arbitrations, dispute resolution;

            f.                Courses related to the practice of real estate appraisal or consulting;

            g.               Construction cost or development cost estimating;

            h.               Ethics and standards of professional practice, USPAP;

            i.                Land use planning or zoning;

            j.                Management, leasing, time sharing;

            k.               Property development, partial interests;

            l.                Real estate appraisal law and rules;

            m.              Real estate appraisal (valuations/evaluations);

            n.               Real estate law, easements, and legal interests;

            o.               Real estate litigation, damages, condemnation;

            p.               Real estate financing and investment;

            q.               Real estate appraisal-related computer applications;

            r.                Real estate securities and syndication;

            s.                Developing opinions of real property value in appraisals that also include personal property or business value, or both;

            t.                Seller concessions and impact on value; and

            u.               Energy efficient items and “green building” appraisals.

         11.4(3) The following programs will not be acceptable:

            a.               Sales promotion or other meetings held in conjunction with the appraiser’s general business;

            b.               Time devoted to breakfast, lunch or dinner;

            c.               A program certified by the use of a challenge examination. The required number of hours must be completed to receive credit hours;

            d.               Meetings that are a normal part of the in-house staff or employee training;

            e.               Programs that do not provide at least two credit hours.

         11.4(4) Continuing education credit will be granted only for whole hours, with a minimum of 50 minutes constituting one hour. For example, 100 minutes of continuous instruction would count as two credit hours; however, more than 50 minutes but less than 100 minutes of continuous instruction would only count as one hour.

         11.4(5) Continuing education credit may be approved for university or college courses in qualifying topics according to the following formula: Each semester hour of credit shall equal 15 credit hours and each quarter hour of credit shall equal 10 credit hours.

[ARC 9865B, IAB 11/30/11, effective 1/4/12; ARC 1732C, IAB 11/12/14, effective 12/17/14]