21 NCAC 57B .0103
CERTIFIED GENERAL REAL ESTATE APPRAISER COURSE
REQUIREMENTS
(a) An applicant for certification as a certified general real estate appraiser shall complete the following
precertification courses;
(1)
A minimum of 30 hours in Basic Appraisal Principles;
(2)
A minimum of 30 hours in Basic Appraisal Procedures;
(3)
A minimum of 30 hours in General Appraiser Market Analysis and Highest and Best Use;
(4)
A minimum of 15 hours in Statistics, Modeling and Finance;
(5)
A minimum of 30 hours in General Appraiser Sales Comparison Approach;
(6)
A minimum of 30 hours in General Appraiser Site Valuation and Cost Approach;
(7)
A minimum of 60 hours in General Appraiser Income Approach;
(8)
A minimum of 30 hours in General Appraiser Report Writing and Case Studies;
(9)
A minimum of 30 hours of appraisal subject matter electives; and
(10)
A minimum of 15 hours in The Uniform Standards of Professional Appraisal Practice (USPAP).
Credit for all courses must be earned from a Board-approved course sponsor or school, and all courses shall comply
with the course content standards prescribed in Rule .0302 of this Subchapter.
(b) An applicant who is currently registered with the Board as a trainee shall satisfy the educational requirements to
become a general real estate appraiser by completing the following education:
(1)
A minimum of 30 hours in General Appraiser Market Analysis and Highest and Best Use;
(2)
A minimum of 15 hours in Statistics, Modeling and Finance;
(3)
A minimum of 30 hours in General Appraiser Sales Comparison Approach;
(4)
A minimum of 30 hours in General Appraiser Site Valuation and Cost Approach;
(5)
A minimum of 60 hours in General Appraiser Income Approach; and
(6)
A minimum of 30 hours in General Appraiser Report Writing and Case Studies; and
(7)
A minimum of 30 hours of appraisal subject matter electives.
(c) An applicant who is currently licensed with the Board as a licensed residential real estate appraiser shall satisfy
the educational requirements to become a general real estate appraiser by completing the following education:
(1)
A minimum of 15 hours in General Appraiser Market Analysis and Highest and Best Use;
(2)
A minimum of 15 hours in Statistics, Modeling and Finance;
(3)
A minimum of 15 hours in General Appraiser Sales Comparison Approach;
(4)
A minimum of 15 hours in General Appraiser Site Valuation and Cost Approach;
(5)
A minimum of 45 hours in General Appraiser Income Approach;
(6)
A minimum of 15 hours in General Appraiser Report Writing and Case Studies; and
(7)
A minimum of 30 hours of appraisal subject matter electives.
(d) An applicant who is currently certified with the Board as a certified residential real estate appraiser shall satisfy
the educational requirements to become a general real estate appraiser by completing the following education:
(1)
A minimum of 15 hours in General Appraiser Market Analysis and Highest and Best Use;
(2)
A minimum of 15 hours in General Appraiser Sales Comparison Approach;
(3)
A minimum of 15 hours in General Appraiser Site Valuation and Cost Approach;
(4)
A minimum of 45 hours in General Appraiser Income Approach; and
(5)
A minimum of 10 hours in General Appraiser Report Writing and Case Studies.
(e) An applicant who is not currently registered by the Board as a trainee or who is not currently licensed or
certified by the Board as a licensed residential or certified residential real estate appraiser must have completed all
the required courses no earlier than January 1, 2008.
(f) An applicant who is currently registered by the Board as a trainee or who is not currently licensed or certified by
the Board as a licensed residential or certified residential real estate appraiser must have completed all courses
required beyond those required for his current registration, licensure or certification no earlier than January 1, 2008.
(g) The Basic Appraisal Principles, Basic Appraisal Procedures, USPAP, and General Appraiser Income Approach
classes must have been obtained in a classroom setting. All other courses in this section may be taken on-line via the
Internet.
History Note:
Authority G.S. 93E-1-6(c); 93E-1-8(a); 93E-1-10;
Eff. July 1, 1994;
Amended Eff. January 1, 2013; July 1, 2010; September 1, 2008; January 1, 2008; March 1,
2007; July 1, 2003; August 1, 2002.