Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1455 - REAL ESTATE APPRAISER LICENSING › Subpart C - EDUCATION REQUIREMENTS › Section 1455.160 - Continuing Education Requirements for State Certified General Real Estate Appraiser, State Certified Residential Real Estate Appraiser, and Associate Real Estate Trainee Appraiser; Non-Resident Continuing Education Approval

Current through Register Vol. 48, No. 28, July 12, 2024
a) CE Credit
1) A State Certified General Real Estate
				Appraiser, State Certified Residential Real Estate Appraiser, or Associate Real
				Estate Trainee Appraiser who makes application to renew his or her real estate
				appraiser license shall successfully complete the equivalent of 14 hours of
				approved continuing education per year preceding the renewal, e.g., a total of
				28 hours of approved continuing education for a 2-year renewal. Continuing
				education credit will only be accepted from education providers and courses
				approved by the Division.
2) If a
				real estate appraiser was issued an initial license for less than 185 days
				prior to the expiration of the license, then no continuing education is
				required for that renewal. If a real estate appraiser has held a license 185
				days or more prior to the expiration, then 14 hours of approved continuing
				education is required for that year. An additional 14 hours of CE is required
				for the following year, pursuant to subsection (a)(1).
3) A real estate appraiser must complete the
				7-hour National USPAP Update Course or its equivalent as determined by the AQB
				or an alternate method established by the AQB taught by an AQB certified
				instructor who also holds a current appraiser certification by a state during
				each pre-renewal period prior to renewing or converting his or her real estate
				appraiser license, unless the real estate appraiser was issued his or her
				initial license for a period of less than 185 days prior to the expiration
				date. A real estate appraiser must complete the 7-hour National USPAP Update
				Course or its equivalent by June 30 of the calendar year following the release
				of USPAP. Those real estate appraisers issued a license more than 6 months
				after the effective date of USPAP shall complete the 7-hour National USPAP
				Update Course within 6 months after licensure.
4) Pursuant to
				1455.320(g)(7),
				the Division, at its discretion, may assess an administrative fee at a rate of
				$100 per credit hour for CE courses completed after the Renewal Deadline. The
				administrative fee shall not exceed $2,000.
5) A licensee seeking renewal shall complete
				CE by the Renewal Deadline. The Division shall conduct audits to verify
				compliance with this Section. If, during an audit, the Division determines that
				a licensee may be deficient in complying with CE requirements, the Division may
				notify the licensee of the possible deficiency.
A) If satisfactory evidence of compliance
				with CE requirements is submitted by the Renewal Deadline that indicates that
				the licensee complied with the CE requirements set forth in subsection (a)(1)
				or (2), and subsection (a)(3), the Division will process the licensee
				renewal.
B) If the licensee submits
				an application for renewal and fails to submit satisfactory evidence of
				compliance with CE requirements by the Renewal Deadline, the failure shall be
				evidence of a violation of Section
				1455.310(e)
				regarding unprofessional conduct in applying for renewal of, or to procure, a
				license, and as set forth in Section 15-10 of the Act. The Division shall send
				notice to the licensee, indicating the commencement of disciplinary proceedings
				that may result in public discipline.