Ohio Administrative Code › Title 1301:11 - Real Estate Appraiser Board › Chapter 1301:11-3 - Certification/Licensing of Appraisers › Section 1301:11-3-03 - Education requirements for applicants for licensing and certification

Current through all regulations passed and filed through July 1, 2024
(A)
			 An applicant for a residential real estate appraiser license, shall comply with
			 the following:
The applicant shall complete one hundred fifty classroom hours
				of instruction in the required core curriculum listed in this paragraph and at
				least one course devoted exclusively to federal, state, and municipal fair
				housing law, obtained from a nationally or state recognized appraisal or real
				estate organization, a college or university, community or junior college, a
				proprietary school, a state or federal commission or agency, a provider
				approved by the superintendent or the real estate appraiser board, or the
				appraisal foundation or its boards.
Fifteen of the one hundred fifty hours shall include the
				successful completion of the national uniform standards of professional
				appraisal practice course or its equivalent. Equivalency shall be determined by
				the appraiser qualifications board approval program or by an alternate method
				established by the appraiser qualifications board. At least one of the course
				instructors must be an instructor certified by the appraiser qualifications
				board in national uniform standards of professional appraisal practice and who
				is also a state certified appraiser in good standing.
The required core curriculum for licensing as a residential
				real estate appraiser shall also include thirty hours of instruction in basic
				appraisal principles, thirty hours of instruction in basic appraisal
				procedures, fifteen hours of instruction in residential market analysis and
				highest and best use, fifteen hours of instruction in residential appraiser
				site valuation and cost approach, thirty hours of instruction in residential
				sales comparison and income approaches, and fifteen hours of instruction in
				residential report writing and case studies.
(B) An applicant for a residential real
			 estate appraiser certification shall comply with both of the following:
(1) The applicant shall satisfy one of the
			 following college level education requirements:
(a) Hold a bachelor's degree in any field of
			 study;
(b) Hold an associate's
			 degree in a field of study related to business administration, accounting,
			 finance, economics or real estate;
(c) Successful completion of thirty semester
			 hours of college-level courses in each of the following topic areas and hours:
(i) English composition (three
			 hours);
(ii) Microeconomics (three
			 hours);
(iii) Macroeconomics (three
			 hours);
(iv) Finance (three
			 hours);
(v) Algebra, geometry or
			 higher mathematics (three hours);
(vi) Statistics (three hours);
(vii) Computer science (three
			 hours);
(viii) Business law or real
			 estate law (three hours); and
(ix)
			 Two elective courses in any of the topics listed above, or in accounting,
			 geography, agricultural economics, business management or real estate (three
			 hours each).
(d)
			 Successful completion of at least thirty hours of college level examination
			 program examinations from each of the following subject matter areas:
(i) College algebra (three semester
			 hours);
(ii) College composition
			 (six semester hours);
(iii) College
			 composition modular (three semester hours);
(iv) College mathematics (six semester
			 hours);
(v) Principles of
			 macroeconomics (three semester hours);
(vi) Principles of microeconomics (three
			 semester hours);
(vii) Introductory
			 business law (three semester hours); and
(viii) Information systems (three semester
			 hours).
(e) Any
			 combination of paragraphs (B)(1)(c) and (B)(1)(d) of this rule that includes
			 all of the courses and hours identified.
All college-level education must be obtained from a
				degree-granting institution accredited by the commission on colleges, a
				regional or national accreditation association or by an accrediting agency that
				is recognized by the U.S. secretary of education.
(f) An applicant does not need to satisfy the
			 requirements of paragraph (B)(1) for this rule only if the applicant has held a
			 residential appraiser's license for a minimum of five years and the applicant
			 has had no record of any adverse, final and non-appealable disciplinary action
			 affecting the license residential appraiser's legal eligibility to engage in
			 appraisal practice within five years immediately preceding the date of the
			 application residential real estate appraiser certification.