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Real Estate Continuing Education |
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Introducing Licensed Appraiser TraineesAn important note for appraiser trainees: rules are changing!New rules governing the Pennsylvania Board of Certified Real Estate Appraisers are eliminating appraisal assistants. Instead, those looking to become certified appraisers must first become licensed appraiser trainees. Got started after Jan. 1, 2008? Read this The three classes (at left) needed by newcomers to the appraising business now also play an important role for most former appraisal assistants who started their appraisal training on or after Jan. 1, 2008. State regulations demand that they become licensed appraiser trainees. To be able to continue earning field experience credit after Oct. 1, 2010, these individuals - who would have already taken National USPAP and either Apprasial Principles or Appraisal Procedures for a total of 45 hours to start their field work under the state’s earlier rules - must complete the course they’re missing. Individuals who completed either 120 or 180 hours as their entire appraisal education are expected to complete their field experience by no later than Dec. 31, 2011. If their experience is not finished by that date, state regulations demand that education obtained before Jan. 1, 2008, will expire. Under new regulations from the Pennsylvania State Board of Certified Real Estate Appraisers, effective Oct. 1 (2010), all individuals interested in becoming a certified appraiser must first become a "Licensed Appraiser Trainee." The board recognizes there are three different types of learners currently making their way through the appraisal certification pipeline:
Post-Secondary Education Requirements Individuals in groups 1 and 2 above must, by the time they take their certification examination, be able to meet the board's post-secondary education requirement and demonstrate that:
For Newcomers Without Education Or Experience Licensure as an appraiser trainee is required as of Oct. 1, 2010. Applications to qualify for a former category of appraisers-in-training, called "appraisal assistants," will no longer be accepted by the state Board of Certified Real Estate Appraisers after Sept. 30, 2010. Also after that date, previously approved appraisal assistants will no longer be qualified to provide "significant real property appraisal assistance." Individuals interested in becoming a certified general or certified residential appraiser must initially:
Once they have completed their initial specified course work, and while obtaining required appraisal field experience, licensed appraisal trainees simultaneously can continue to complete the remaining education necessary for their certification as a residential appraiser (200 classroom hours in the designated appraisal curriculum) or as a general appraiser (300 classroom hours). Those who must meet the post-secondary education requirement also may pursue completion of their college or university classes during this period. Licensed appraiser trainees can perform appraisals only under the direct supervision of an individual who has been a certified residential or certified general appraiser for at least five (5) years. Appraisal field experience obtained by former appraisal assistants before Oct. 1, 2010, will be considered valid; all experience obtained by former appraisal assistants after that date can be credited only if they become licensed appraiser trainees. Licensure as an appraiser trainee is required as of Oct. 1, 2010. Applications to become a licensed appraiser trainee for individuals who previously were catagorized as "appraisal assistants" will be accepted by the state Board of Certified Real Estate Appraisers through Sept. 30, 2010. Effective with licensing as an appraiser trainee, as of Oct. 1, 2010, individuals who have taken 45 hours (Nation Uniform Standards of Professional Appraisal Practice (USPAP), 15 hours; plus any board-approved 30-hour appraisal course) or less as a pre-requisite to beginning their required appraisal field experience, but who have not yet obtained that experience, must adhere to the revised standard of specified course work (ie. National Uniform Standards of Professional Appraisal Practice (USPAP), 15 hours; Basic Appraisal Principles, 30 hours; and Basic Appraisal Procedures, 30 hours) for licensed appraiser trainees before field experience can be credited after Oct. 1, 2010.
NOTE: This represents a significant increase over the educational demands imposed since Jan. 1, 2008. Licensure as an appraiser trainee is required as of Oct. 1, 2010, to accumulate experience hours between that date and Dec. 31, 2011. Individuals who completed 120 hours of classroom education (for certified residential appraisers) or 180 hours of classroom education (for certified general appraisers) before Dec. 31, 2007, to qualify for certification under previous board regulations have until Jan. 1, 2012, to complete their required appraisal field experience. If not certified by that date, their appraisal field experience will be considered valid but their education credits will be deemed to have expired. Consequently, those who previously qualified under this category must re-start their education and meet the state's revised education requirement before taking the appropriate certification exam. NOTE: This represents a significant increase over the educational demands imposed since before Dec. 31, 2007. |
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