Section 1455.200  Acceptable Appraisal Experience Credit

a)         Acceptable appraisal experience shall include, but is not limited to, fee and staff appraisal, ad valorem tax appraisal, condemnation appraisal, technical review appraisal, appraisal analysis, real estate consulting, highest and best use analysis, and feasibility analysis/study.  All appraisal experience shall conform to USPAP and shall meet the requirements of the AQB.

b)         Appraisal education may not be substituted for appraisal experience.  A client is not necessary for an appraisal to qualify for appraisal experience.  An hour of appraisal experience is defined as verifiable time spent in performing tasks in accordance with acceptable appraisal experience as identified by AQB criteria.  There is no time limit during which experience must be obtained.

(Source:  Amended at 29 Ill. Reg. 16445, effective October 13, 2005)