TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS
PART 1455 REAL ESTATE APPRAISER LICENSING
SECTION 1455.350 EDUCATION PROVIDER APPLICATION; REQUIREMENTS


 

Section 1455.350  Education Provider Application; Requirements

 

a)         In accordance with Section 20-5 of the Act, any person or entity seeking approval to provide pre-license and/or continuing education courses shall submit an application on forms provided by the Division along with the appropriate fee required by Section 1455.320.

 

b)         The program of pre-license and/or continuing education for a licensed education provider shall:

 

1)         Be approved by the provider's governing and/or supervising body;

 

2)         Utilize qualified instructors to instruct such courses as, but not limited to:

 

A)        pre-license education courses for a State Certified General Real Estate Appraiser (the instructor shall be a State Certified General Real Estate Appraiser or its equivalent from another jurisdiction, or a full time faculty member of a college or university);

 

B)        pre-license courses for a State Certified Residential Real Estate Appraiser or an Associate Real Estate Appraiser (the instructor shall be a State Certified General Real Estate Appraiser, a State Certified Residential Real Estate Appraiser or its equivalent from another jurisdiction, or a  full time faculty member of a college or university);

 

C)        continuing education courses (the instructor should have the appropriate education and experience in appraisal or the subject matter being taught); or

 

D)        all instructors teaching USPAP courses shall be AQB certified instructors who also hold a current appraiser certification from a state; and

 

3)         Offer courses that are approved and licensed by the Division, and conform to the standards established in this Subpart.

 

c)         Facilities

 

1)         An education provider must provide an office for the maintenance of all records, office equipment and office space necessary for customer service.

 

2)         The premises, equipment and facilities of the education provider shall comply with applicable community, state or federal fire codes, building codes, and health and safety standards.

 

3)         The education provider is subject to inspection prior to approval or at any time thereafter by authorized representatives of the Division. Inspections shall be conducted during regular business hours, with at least 48 hours advance notice.

 

4)         No education provider shall maintain an office, or conduct education courses, in a private residence.

 

5)         An education provider shall only conduct education courses in locations that are conducive to learning.

 

d)         Administration

 

1)         No licensed education provider shall advertise that it is endorsed, recommended, or accredited by the Division.  The education provider may indicate that it is licensed by, and the course of study has been approved and licensed by, the Division.

 

2)         Each education provider shall provide a prospective student prior to enrollment with information specifying the course of study to be offered, the tuition, the provider's policy regarding refunds, any additional fee for supplies, materials or books, and other matters that are material to the relationship between the provider and the student.

 

3)         Each education provider shall maintain for each student a record including the course of study undertaken, dates of attendance, and a transcript of courses satisfactorily completed.  All records shall be maintained by the education provider for a period of 5 years and shall be made available to the student or to the Division upon request during regular business hours.  An education provider may charge a student the cost of reproducing copies of a transcript.

 

4)         Each education provider shall upon request by the Division, provide evidence of financial resources available to equip and maintain its program, as documented by, e.g., a current balance sheet or an income statement.

 

5)         Any out-of-state education providers shall reimburse the Division for all reasonable expenses incurred by the Division while inspecting their facilities.

 

6)         Each education provider shall notify the Division of all proposed changes in ownership of the education provider at least 30 days prior to the change in ownership.

 

(Source:  Amended at 33 Ill. Reg. 7121, effective May 14, 2009)