Idaho Administrative Code › Title IDAPA 24 - Occupational and Professional Licenses, Division of › Rule 24.18.01 - RULES OF THE REAL ESTATE APPRAISER BOARD › Section 24.18.01.400 - CERTIFIED GENERAL REAL ESTATE APPRAISER CLASSIFICATION APPRAISER QUALIFICATION CRITERIA

Current through August 31, 2023
The State Certified General Real Estate Appraiser
				classification applies to the appraisal of all types of real property.
				Applicants must meet the following examination, education, and experience
				requirements in addition to complying with Section
				250. Subsequent to being certified,
				an individual must meet the continuing education requirement. (3-28-23)
01.
Education
. As a prerequisite
			 to taking the examination for licensure as an Idaho Certified General Real
			 Estate Appraiser, each applicant shall: (3-28-23)
a. Hold a Bachelor's degree or higher from an
			 accredited degree-granting college or university; and (3-28-23)
b. Document registration as an Appraiser
			 Trainee and document the successful completion of not less than two hundred
			 twenty-five (225) classroom hours of courses in subjects related to real estate
			 appraisal as follows: (3-28-23)
i. Statistics,
			 Modeling and Finance: not less than fifteen (15) hours, specifically including
			 Statistics; Valuation Models (AVM's and Mass Appraisal), and Real Estate
			 Finance; (3-28-23)
ii. General
			 Appraiser Market Analysis and Highest and Best Use: not less than thirty (30)
			 hours; (3-28-23)
iii. General
			 Appraiser Sales Comparison Approach: not less than thirty (30) hours,
			 specifically including Value Principles, Procedures, Identification and
			 Measurement of Adjustments, Reconciliation, and Case Studies;
			 (3-28-23)
iv. General Appraiser
			 Site Valuation and Cost Approach: not less than thirty (30) hours;
			 (3-28-23)
v. General Appraiser
			 Income Approach: not less than sixty (60) hours, specifically including
			 Overview, Compound Interest, Lease Analysis, Income Analysis, Vacancy and
			 Collection Law, Estimating Operating Expenses and Reserves, Reconstructed
			 Income and Expense Statement, Stabilized Net Operating Income Estimate, Direct
			 Capitalization, Discounted Cash Flow, Yield Capitalization, Partial Interest,
			 and Case Studies; (3-28-23)
vi.
			 General Appraiser Report Writing and Case Studies: not less than thirty (30)
			 hours, specifically including Writing and Reasoning Skills, Common Writing
			 Problems, Report Options and USPAP Compliance, and Case Studies; and
			 (3-28-23)
vii. Appraisal Subject
			 Matter Electives: not less than thirty (30) hours, and may include hours over
			 the minimum shown in Subsection
			 400.01.b. of these rules; or
			 (3-28-23)
c. Document
			 licensure as a Licensed Residential Real Estate Appraiser and the successful
			 completion of not less than one hundred fifty (150) classroom hours of courses
			 in subjects related to real estate appraisal as follows: (3-28-23)
i. Statistics, Modeling and Finance: not less
			 than fifteen (15) hours, specifically including Statistics; Valuation Models
			 (AVM's and Mass Appraisal); and Real Estate Finance; and (3-28-23)
ii. General Appraiser Market Analysis and
			 Highest and Best Use: not less than fifteen (15) hours; and (3-28-23)
iii. General Appraiser Sales Comparison
			 Approach: not less than fifteen (15) hours, specifically including Value
			 Principles, Procedures, Identification and Measurement of Adjustments,
			 Reconciliation, and Case Studies; and (3-28-23)
iv. General Appraiser Site Valuation and Cost
			 Approach: not less than fifteen (15) hours; and (3-28-23)
v. General Appraiser Income Approach: not
			 less than forty-five (45) hours, specifically including Overview, Compound
			 Interest, Lease Analysis, Income Analysis, Vacancy and Collection Law,
			 Estimating Operating Expenses and Reserves, Reconstructed Income and Expense
			 Statement, Stabilized Net Operating Income Estimate, Direct Capitalization,
			 Discounted Cash Flow, Yield Capitalization, Partial Interest, and Case Studies;
			 and (3-28-23)
vi. General Appraiser
			 Report Writing and Case Studies: not less than fifteen (15) hours, specifically
			 including Writing and Reasoning Skills, Common Writing Problems, Report Options
			 and USPAP Compliance, and Case Studies; and (3-28-23)
vii. Appraisal Subject Matter Electives: not
			 less than thirty (30) hours. and may include hours over the minimum shown in
			 Subsection 400.01.c.; or
			 (3-28-23)
d. Document
			 licensure as a Certified Residential Real Estate Appraiser and the successful
			 completion of not less than one hundred five (105) classroom hours of courses
			 in subjects related to real estate appraisal as follows: (3-28-23)
i. General Appraiser Market Analysis and
			 Highest and Best Use: not less than fifteen (15) hours; and (3-28-23)
ii. General Appraiser Sales Comparison
			 Approach: not less than fifteen (15) hours, specifically including Value
			 Principles, Procedures, Identification and Measurement of Adjustments,
			 Reconciliation, and Case Studies; and (3-28-23)
iii. General Appraiser Site Valuation and
			 Cost Approach: not less than fifteen (15) hours; and (3-28-23)
iv. General Appraiser Income Approach: not
			 less than forty-five (45) hours, specifically including Overview, Compound
			 Interest, Lease Analysis, Income Analysis, Vacancy and Collection Law,
			 Estimating Operating Expenses and Reserves, Reconstructed Income and Expense
			 Statement, Stabilized Net Operating Income Estimate, Direct Capitalization,
			 Discounted Cash Flow, Yield Capitalization, Partial Interest, and Case Studies;
			 and (3-28-23)
v. General Appraiser
			 Report Writing and Case Studies: not less than fifteen (15) hours, specifically
			 including Writing and Reasoning Skills, Common Writing Problems, Report Options
			 and USPAP Compliance, and Case Studies. (3-28-23)