Section 1455.400  Curriculum for Continuing Education Courses; Continuing Education Credit for Participation Other Than as a Student

a)         Continuing education courses for a State Certified General Real Estate Appraiser, State Certified Residential Real Estate Appraiser, or Associate Real Estate Trainee Appraiser shall include the 7 hour National USPAP Update Course or its equivalent as determined by the AQB or an alternate method established by the AQB taught by an AQB certified instructor who holds a current appraiser certification by a state during the pre-renewal period prior to renewal or conversion of a license; shall increase his or her skill, knowledge and competency in real estate appraisal; and shall cover other real estate related appraisal topics, such as, but not limited to:

1)         Ad valorem taxation;

2)         Arbitration;

3)         Courses related to practice of real estate appraisal;

4)         Development cost estimating;

5)         Dispute resolution;

6)         Ethics and standards of professional practice;

7)         Land use planning, zoning;

8)         Management, leasing, timesharing;

9)         Property development partial interests;

10)        Real estate appraisal;

11)         Real estate law, easements, legal interests;

12)         Real estate litigation, damages, condemnation;

13)         Real estate financing and investment;

14)         Real estate appraisal related computer applications; and

15)         Real estate securities and syndication.

b)         Up to one-half of an individual's continuing education requirement may also be granted by the Division for participation, other than as a student, in appraisal educational processes and programs.  Examples of activities for which credit may be granted are teaching, program development, authorship of textbooks, or similar activities that are determined by the Division to be equivalent to obtaining continuing education.  AQB Certified USPAP Instructors, who have taught the 7-hour National USPAP Update Course or its equivalent, as qualifying education or continuing education, within the current renewal cycle, are exempt from taking the 7-hour National USPAP Update Course as a student.  A real estate appraiser who wishes to obtain continuing education credit for these activities shall submit to the Division:

1)         An application to request continuing education credit for participation other than as a student signed by the applicant and on which all questions are answered; and

2)         The fee provided by Section 1455.320.

(Source:  Amended at 37 Ill. Reg. 2668, effective April 1, 2013)