OAR 161-010-0035
Prerequisite Experience and Education Requirements for State Certified General Appraisers
(1)
At least 3,000 cumulative hours of acceptable appraisal experience, including at least 1,500 hours of appraisal experience in non-residential appraising. “Cumulative” is defined as meaning that experience may be acquired in no fewer than twenty-four (24) months.(a)
Applicants whose initial State Licensed Appraiser or State Certified Residential Appraiser credential was issued by the Board, and not by another state licensing agency, are only required to submit an experience log that documents 1,500 hours of non-residential appraisal experience.(b)
Applicants who hold an active Oregon State Licensed Appraiser or a State Certified Residential Appraiser credential obtained through reciprocity or in accordance with OAR 161-015-0025, are only required to submit an experience log that documents completion of an additional 1,500 hours of non-residential appraisal experience. Additionally, the applicant must provide evidence to the Board, from the State issuing the applicant’s initial credential, documenting that the initial credential was approved and issued to the applicant based upon an experience log rather than an experience-related affidavit.(c)
Applicants who cannot fulfill the requirements in paragraph (1)(a) or (b) above, must complete an experience log documenting at least 3,000 cumulative hours of acceptable appraisal experience as set forth in paragraph (1) above.(2)
Successfully completed not less than 300 class hours of acceptable appraisal courses as set forth in OAR 161-020-0110 (Qualifying Education Course Content Guidelines)(2), with the following exceptions as noted in paragraphs (2)(a), (2)(b) or (2)(c) below. Each applicant shall have successfully completed the 15-hour Appraisal Foundation’s National USPAP Course, or its equivalent, within four (4) years preceding the date of application and have successfully passed an examination thereon.(a)
Applicants holding a valid Oregon Appraiser Assistant registration may satisfy the educational requirements for the State Certified General Appraiser credential by completing the following additional education hours:(A)
Course(s) on General Appraiser Market Analysis and Highest and Best Use (30 hours in not less than 15 hour increments);(B)
Course(s) on Statistics, Modeling and Finance (15 hours);(C)
Course(s) on General Appraiser Sales Comparison Approach (30 hours in not less than 15 hour increments);(D)
Course(s) on General Appraiser Site Valuation and Cost Approach (30 hours in not less than 15 hour increments);(E)
Course(s) on General Appraiser Income Approach (60 hours in not less than 15 hour increments);(F)
Course(s) on General Appraiser Report Writing and Case Studies (30 hours in not less than 15 hour increments); and(G)
Electives (30 hours in not less than 15 hour increments).(b)
Applicants holding a valid Oregon State Licensed Appraiser credential may satisfy the educational requirements for the State Certified General Appraiser credential by completing the following additional education hours:(A)
Course(s) on General Appraiser Market Analysis and Highest and Best Use (15 hours);(B)
Statistics, Modeling and Finance (15 hours);(C)
Course(s) on General Appraiser Sales Comparison Approach (15 hours);(D)
Course(s) on General Appraiser Site Valuation and Cost Approach (15 hours);(E)
Course(s) on General Appraiser Income Approach (45 hours in not less than 15 hour increments);(F)
Course(s) on General Appraiser Report Writing and Case Studies (15 hours); and(G)
Electives (30 hours in not less than 15 hour increments).(c)
Applicants holding a valid Oregon State Certified Residential Appraiser credential may satisfy the educational requirements for the State Certified General Appraiser credential by completing the following additional education hours:(A)
Course(s) on General Appraiser Market Analysis and Highest and Best Use (15 hours);(B)
Course(s) on General Appraiser Sales Comparison Approach (15 hours);(C)
Course(s) on General Appraiser Site Valuation and Cost Approach (15 hours);(D)
Course(s) on General Appraiser Income Approach (45 hours in not less than 15 hour increments); and(E)
Course(s) on General Appraiser Report Writing and Case Studies (15 hours).(3)
A Bachelor’s degree or higher from an accredited college or university.
Source:
Rule 161-010-0035 — Prerequisite Experience and Education Requirements for State Certified General Appraisers, https://secure.sos.state.or.us/oard/view.action?ruleNumber=161-010-0035.