Section 193F.5.7. Upgrade to a certified general real property appraiser.

To upgrade from a certified residential real property appraiser to a certified general real property appraiser, an applicant must complete the following additional education, examination, and experience requirements and, effective January 1, 2017, a national criminal history check as provided in Iowa Code section 543D.22.

         5.7(1) Education.

            a.                Formal education. Certified residential real property appraisers must satisfy the college-level education requirements as specified in rule 193F—6.2(543D).

            b.                Core criteria. In addition to the formal education, an applicant must complete 100 creditable class hours before taking the AQB-approved examination. All courses must be AQB-approved under current core criteria to be considered creditable. The required courses and 100 hours consist of the following:

             (1)             General appraiser market analysis and highest and best use           15 hours

       (2)                  General appraiser sales comparison approach                 15 hours

             (3)       General appraiser site valuation and cost approach     15 hours

             (4)                            General appraiser income approach     45 hours

             (5)          General appraiser report writing and case studies     10 hours

         5.7(2) Examination. An applicant must satisfy the examination requirements as specified in rule 193F—6.3(543D).

         5.7(3) Experience. An applicant must satisfy the experience requirements as specified in rule 193F—6.4(543D).

         5.7(4) Work product review. An applicant must satisfy the work product review requirements as specified in rule 193F—6.5(543D).

         5.7(5) Background check. Effective January 1, 2017, a national criminal history check as provided in Iowa Code section 543D.22 shall be performed on any appraiser upgrading to a certified general real property appraiser.

[ARC 7774B, IAB 5/20/09, effective 6/24/09; ARC 1731C, IAB 11/12/14, effective 12/17/14]