Section Rab 302.09 - Real Estate Appraiser Educational Requirements(a) "Classroom hour" means, for the purposes of this section, at least 50 minutes of instruction or examination out of each 60 minute course segment.(b) Experience accrued pursuant to Rab 302.02 - Rab 302.08 shall not be substituted for education.(c) Applicants for apprentice classification, licensure, or certification shall complete formal instruction in real estate appraisals and appraisal ethics and standards for the total number of hours indicated below, pursuant to AQB's core curriculum requirements as described below in this section. In addition, applicants for certification shall also meet the general education requirements in Rab 302.03.(d) Applicants for classification as an apprentice shall complete a minimum of 75 classroom hours in the subject areas and in the number of hours for each subject area as set forth in Table 3.2.4 "Apprentice 75-Hour Core Curricular Requirements" below: Table 3.2.4 Apprentice 75-Hour Core Curricular Requirements
Basic Appraisal Principles | 30 Hours |
Basic Appraisal Procedures | 30 Hours |
The 15-Hour National USPAP Course or its Equivalent | 15 Hours |
(e) All qualifying education shall be completed within the 5-year period prior to the date of submission of an application for an apprentice credential.(f) Applicants for licensure as a real estate appraiser shall complete a minimum of 150 classroom hours in the subject areas and in the number of hours for each subject area as set forth in Table 3.2.5 "Licensed Real Estate Appraiser 150-Hour Core Curricular Requirements" below: Table 3.2.5 Licensed Real Estate Appraiser 150-Hour Core Curricular Requirements
Basic Appraisal Principles | 30 Hours |
Basic Appraisal Procedures | 30 Hours |
The 15-Hour National USPAP Course or its Equivalent | 15 Hours |
Residential Market Analysis and Highest & Best Use | 15 Hours |
Residential Appraiser Site Valuation and Cost Approach | 15 Hours |
Residential Sales Comparison and Income Approaches | 30 Hours |
Residential Report Writing and Case Studies | 15 Hours |
(g) Applicants for certification as a certified residential real estate appraiser shall complete a minimum of 200 classroom hours in the subject areas and in the number of hours for each subject area as set forth in Table 3.2.6 "Certified Residential Real Estate Appraiser 200-Hour Core Curricular Requirements" below: Table 3.2.6 Certified Residential Real Estate Appraiser 200-Hour Core Curricular Requirements
Basic Appraisal Principles | 30 Hours |
Basic Appraisal Procedures | 30 Hours |
The 15-Hour National USPAP Course or its Equivalent | 15 Hours |
Residential Market Analysis and Highest & Best Use | 15 Hours |
Residential Appraiser Site Valuation and Cost Approach | 15 Hours |
Residential Sales Comparison and Income Approaches | 30 Hours |
Residential Report Writing and Case Studies | 15 Hours |
Statistics, Modeling, and Finance | 15 Hours |
Advanced Residential Applications and Case Studies | 15 Hours |
Appraisal Subject Matter Electives (may include hours over minimums shown above) | 20 Hours |
(h) Applicants who are a licensed residential real estate appraiser can satisfy the educational requirements to become a certified residential real estate appraiser, as shown in Table 3.2.6 above, by completing the additional educational hours as set forth in Table 3.2.7 "Certified Residential Real Estate Appraiser Core Curricular Requirements for Licensed Residential Real Estate Appraisers" below: Table 3.2.7 Certified Residential Real Estate Appraiser Core Curricular Requirements for Licensed Residential Real Estate Appraisers
Statistics, Modeling, and Finance | 15 Hours |
Advanced Residential Applications and Case Studies | 15 Hours |
Appraisal Subject Matter Electives | 20 Hours |
(i) Applicants for certification as a certified general real estate appraiser shall complete a minimum of 300 classroom hours in the subject areas and in the number of hours for each subject area as set forth in Table 3.2.8 "Certified General Real Estate Appraiser 300-Hour Core Curricular Requirements" below: Table 3.2.8 Certified General Real Estate Appraiser 300-Hour Curricular Requirements
Basic Appraisal Principles | 30 Hours |
Basic Appraisal Procedures | 30 Hours |
The 15-Hour National USPAP Course or its Equivalent | 15 Hours |
General Appraiser Market Analysis and Highest & Best Use | 30 Hours |
General Appraiser Site Valuation and Cost Approach | 30 Hours |
General Appraiser Sales Comparison Approaches | 30 Hours |
General Appraiser Income Approach | 60 Hours |
General Appraiser Report Writing and Case Studies | 30 Hours |
Statistics, Modeling, and Finance | 15 Hours |
Appraisal Subject Matter Electives (may include hours over minimums shown above) | 30 Hours |
(j) Applicants who are a licensed residential real estate appraiser can satisfy the educational requirements to become a certified general real estate appraiser, as shown in Table 3.2.8 above, by completing the additional educational hours as set forth in Table 3.2.9 "Certified General Real Estate Appraiser Core Curricular Requirements for Licensed Residential Real Estate Appraisers" below: Table 3.2.9 Certified General Real Estate Appraiser Core Curricular Requirements for Licensed Residential Real Estate Appraisers
General Appraiser Market Analysis and Highest & Best Use | 15 Hours |
General Appraiser Site Valuation and Cost Approach | 15 Hours |
General Appraiser Sales Comparison Approaches | 15 Hours |
General Appraiser Income Approach | 45 Hours |
General Appraiser Report Writing and Case Studies | 15 Hours |
Statistics, Modeling, and Finance | 15 Hours |
Appraisal Subject Matter Electives (may include hours over minimums shown above) | 30 Hours |
(k) Applicants who are a certified residential real estate appraiser can satisfy the educational requirements to become a certified general real estate appraiser, as shown in Table 3.2.8 above, by completing the additional educational hours as set forth in Table 3.2.10 "Certified General Real Estate Appraiser Core Curricular Requirements for Certified Residential Real Estate Appraisers" below: Table 3.2.10 Certified General Real Estate Appraiser Core Curricular Requirements for Certified Residential Real Estate Appraisers
General Appraiser Market Analysis and Highest & Best Use | 15 Hours |
General Appraiser Site Valuation and Cost Approach | 15 Hours |
General Appraiser Sales Comparison Approaches | 15 Hours |
General Appraiser Income Approach | 45 Hours |
General Appraiser Report Writing and Case Studies | 10 Hours |
(l) Classroom hours shall be credited only for educational offerings with content that follows the AQB core curriculum requirements.(m) Courses taken to satisfy the qualifying education requirements shall not be repetitive.(n) Each applicant shall take the 15-Hour National USPAP Course, or its equivalent, and pass the associated 15-Hour National USPAP Course Examination. At least one of the course instructors shall be an AQB Certified USPAP Instructor who is also a state certified appraiser. Equivalency shall be determined through the AQB.N.H. Admin. Code § Rab 302.09
(See Revision Note at chapter heading for Rab 100) #5435, eff 7-15-92; ss by #6787, INTERIM, eff 7-15-98, EXPIRED: 11-12-98
New. #6958, eff 3-23-99, EXPIRED: 3-23-07
New. #8854, INTERIM, eff 3-24-07, EXPIRED: 9-20-07
New. #9018, eff 11-1-07; ss by #10270, eff 2-2-13 (from Rab 302.08 )
Amended by Volume XXXIX Number 02, Filed January 10, 2019, Proposed by #12689, Effective 12/18/2018, Expires 12/18/2028.