Code of Massachusetts Regulations › 264 CMR - BOARD OF REGISTRATION OF REAL ESTATE APPRAISERS › Title 264 CMR 4.00 - Renewal Procedures and Continuing Education Requirements › Section 4.01 - General Renewal Procedures

Current through Register 1525, July 5, 2024
(1) A
			 State-licensed or State-certified Real Estate Appraiser and an Appraisal
			 Trainee shall renew his or her license or certificate every two
			 years.
(2) Each applicant shall
			 submit to the Board a completed renewal application, the proper fee, and proof
			 that he or she has fulfilled the continuing education requirements set forth in
			 264 CMR 4.01, at least 30 days prior to the license expiration date.
(3) The Board may amend and/or supplement the
			 continuing education requirements of
			 264 CMR 4.00 in order to
			 comply with the minimum criteria mandated by the AQB in accordance with federal
			 law
			 12 U.S.C.
			 3345(a) to allow Licensees
			 to meet the federal requirements for "state certified real estate appraisers".
			 In the event that the continuing education requirements do not meet the minimum
			 criteria established by the said AQB, then the AQB criteria shall supersede and
			 control.
(4)
Continuing
			 Education Prerequisite
. To be eligible for renewal of a license or
			 certificate, the Licensee or certificate holder must complete and present
			 evidence satisfactory to the Board that he or she has completed the continuing
			 education required for the corresponding level of licensure during each two
			 year renewal period. The initial license or certificate issued to a holder may
			 be valid for two through three years in accordance with M.G.L. c. 112 §
			 181(A). Any license or certificate holder whose license or certificate runs for
			 more than two years and 185 days shall be required to complete an additional 14
			 hours of continuing education.
(a)
Trainee
: Completion of not less than 28 hours of
			 instruction in Board approved courses or seminars during each renewal period,
			 including a Board approved USPAP Update course completed in accordance with 264
			 CMR 4.01(5)(e). Not more than seven hours of courses designated as elective
			 pursuant to
			 264 CMR
			 9.01:
Course Approval by Board
may be credited toward renewal. Renewal of trainee licenses is subject
			 to M.G.L. c. 112, § 181.
(b)
State-licensed
: Completion of not less than 28 hours
			 of instruction in Board approved courses or seminars during each renewal
			 period, including a Board approved USPAP Update course completed in accordance
			 with 264 CMR 4.01(5)(e). Not more than seven hours of courses designated as
			 elective pursuant to
			 264 CMR
			 9.01:
Course Approval by Board
may be credited toward renewal.
(c)
Certified
			 Residential
: Completion of not less than 28 hours of instruction
			 in Board approved courses or seminars during each renewal period, including a
			 Board approved USPAP Update course completed in accordance with 264 CMR
			 4.01(5)(e). Not more than seven hours of courses designated as elective
			 pursuant to
			 264 CMR
			 9.01:
Course Approval by Board
may be credited toward renewal.
(d)
Certified
			 General
: Completion of not less than 28 hours of instruction in
			 Board approved courses or seminars during each renewal period, including a
			 Board approved USPAP update course completed in accordance with 264 CMR
			 4.01(5)(e), and at least 14 hours in courses designated non-residential
			 pursuant to
			 264 CMR
			 9.01:
Course Approval by
			 Board.
(e)
Uniform Standards of Professional Appraisal Practice (USPAP)
			 Requirement
.
1. Each license or
			 certificate holder must complete a seven hour USPAP Update course within each
			 two year licensure cycle. All license and certificate holders shall complete a
			 seven hour USPAP Update course with each new edition of USPAP; and
2. A USPAP Update course is required with the
			 publication of each edition of USPAP by the Appraisal Standards Board of the
			 Appraisal Foundation.
(f) All continuing education courses must
			 meet the requirements of
			 264 CMR 9.00:
Course
			 Approval by Board.
(g)
			 Continuing education credit may also be granted for teaching, program
			 development, authorship of textbooks, or similar activities that are determined
			 by the Board to be equivalent to obtaining continuing education. Continuing
			 education credit may only be awarded once for courses taught more than once
			 during a renewal cycle. Up to ½ of an individual's continuing education
			 requirement may be granted for participation, other than as a student, in such
			 appraisal educational processes and programs.
(h) Continuing education courses must be
			 Board approved pursuant to
			 264 CMR 9.00:
Course
			 Approval by Board
prior to the time the Licensee applies for licensure
			 renewal.
(i) Credit will only be
			 awarded once for courses taken more than once during a renewal cycle.
(j) Failure to complete the requisite
			 continuing education courses within the required time period may result in
			 immediate removal from the National Registry of the Appraisal Subcommittee and
			 summary suspension of the license or certificate in accordance with M.G.L. c.
			 112, § 65B and may subject the license or certificate to disciplinary
			 action, including but not limited to suspension, revocation, monetary fine and
			 other penalty as provided by law.
(k) A continuing education course may only be
			 used to satisfy the requirements of the renewal cycle in which it was taken and
			 may not be applied toward a second or subsequent renewal cycle.