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 1455.150 QUALIFYING EDUCATION REQUIREMENTS; STATE CERTIFIED GENERAL REAL ESTATE APPRAISER; STATE CERTIFIED RESIDENTIAL REAL ESTATE APPRAISER; ASSOCIATE REAL ESTATE TRAINEE APPRAISER; NON-RESIDENT QUALIFYING EDUCATION; IN LIEU OF REQUIREMENTS; FOREIGN DEGREES
Section 1455.150 Qualifying Education Requirements; State Certified General Real Estate Appraiser; State Certified Residential Real Estate Appraiser; Associate Real Estate Trainee Appraiser; Non-Resident Qualifying Education; In Lieu of Requirements; Foreign Degrees
a) Residential An applicant for licensure as a State Certified Residential Real Estate Appraiser shall meet the following criteria:
1) 1,500 hours of experience obtained during no fewer than 12 months is required, of which, no less than 50% must be in residential 1 to 4 families, USPAP compliant, appraisal work. While the hours may be cumulative, the required number of months must accrue before an individual can be certified;
2) 200 hours of modular appraisal education as stated in the Guide Notes (GN-1) of the Real Property Appraiser Qualification Criteria;
3) Utilize one of the six formal education options, as follows:
4) If an individual applicant for licensure submits integrated course credit for approval, the course must have been approved by the Course Approval Program of the AQB and a topic matrix revealing the exact number of hours for each section of course content must be provided for review. Only integrated course credit bundled together to equal a module will be accepted. Partial credit toward a module will not be accepted. It is the applicant's responsibility to demonstrate compliance as part of the application.
b) Any person who makes application for an Associate Real Estate Trainee Appraiser License shall be required, as a pre-requisite to examination, to successfully complete 75 classroom hours of qualifying education in subjects related to real estate appraisal, as outlined by Subpart H, and shall include 15 hours of instruction relative to USPAP that is approved by the AQB and taught by an AQB certified instructor. All qualifying education requirements shall only be accepted from education providers and courses approved by the Division. All 75 hours of qualifying education for the Associate Real Estate Trainee Appraiser credential must be completed within 5 years prior to the date of initial application.
c) The Division may accept evidence of successful completion of qualifying education credit from another jurisdiction, if that jurisdiction's requirements are substantially the same as the State of Illinois' and meet the minimum licensing requirements of the Real Property Appraiser Qualification Criteria and may be in modular format for licensure after May 1, 2018. A real estate appraiser who wishes to obtain credit for qualifying education courses not licensed by the Division shall submit to the Division:
1) An application provided by the Division requesting approval for qualifying education credit, signed by the applicant, on which all questions are answered;
2) A certificate of successful completion provided by the education provider, a certification by the jurisdiction of the appraiser's place of residence of successful completion of the requested qualifying education credit, or any other evidence to be considered by the Division; and
3) The fee required by Section 1455.320.
d) General An applicant for licensure as a State Certified General Real Estate Appraiser who has not gained appraisal experience shall meet the following criteria:
1) 3,000 hours of experience obtained during no fewer than 18 months is required, of which 1,500 hours must be in non-residential appraisal work. While the hours may be cumulative, the required number of months must accrue before an individual can be certified;
2) 300 hours of modular appraisal education as stated in the Required Core Curriculum of the Real Property Appraiser Qualification Criteria;
3) Bachelors degree or higher or equivalent (see subsection (g)), from an accredited college or university; and
4) If an individual applicant for licensure submits integrated course credit for approval, the course must have been approved by the Course Approval Program of the AQB and a topic matrix revealing the exact number of hours for each section of course content must be provided for review. Only integrated course credit bundled together to equal a module will be accepted. Partial credit toward a module will not be accepted. It is the applicant's responsibility to demonstrate compliance as part of the application.
e) The Division may accept evidence of successful completion of qualifying education credit from another jurisdiction, if that jurisdiction's requirements are substantially the same as the State of Illinois' and meet the minimum licensing requirements of the Real Property Appraiser Qualification Criteria and may be in modular format for licensure after May 1, 2018. A real estate appraiser who wishes to obtain credit for qualifying education courses not licensed by the Division shall submit to the Division:
1) An application provided by the Division requesting approval for qualifying education credit, signed by the applicant, on which all questions are answered;
2) A certificate of successful completion provided by the education provider, a certification by the jurisdiction of the appraiser's place of residence of successful completion of the requested qualifying education credit, or any other evidence to be considered by the Division; and
3) The fee required by Section 1455.320.
f) Credit toward qualifying education requirements may also be obtained via the completion of a graduate (masters or doctoral) degree in Real Estate from an accredited college or university approved by The Association to Advance Collegiate Schools of Business, or a regional or national accreditation agency recognized by the U.S. Secretary of Education, provided that the college or university has had its curriculum reviewed and approved by the AQB.
g) Applicants seeking credit for foreign degrees shall have an evaluation of their education credentials to convert the credentials to American equivalent semester credits and courses. Only vendors and organizations recognized by the Illinois State Board of Education will be permitted to conduct the evaluations.
(Source: Amended at 42 Ill. Reg. 21599, effective November 26, 2018) |