Section 1455.400  Continuing Education Course Curriculum and Credit

a)         Continuing education courses for a State Certified General Real Estate Appraiser, State Certified Residential Real Estate Appraiser, or Associate Real Estate Trainee Appraiser shall include the seven-hour National USPAP Update Course or, effective January 1, 2026, the seven-hour National USPAP Continuing Education Course, or its equivalent as determined by the AQB or an alternate method established by the AQB taught by an AQB certified instructor who holds a current appraiser certification by a state during the pre-renewal period prior to renewal or conversion of a license.

b)         The courses shall increase the licensee's skill, knowledge, and competency in real estate appraisal; and shall cover other real estate related appraisal topics, such as, but not limited to:

1)         Ad valorem taxation;

2)         Arbitration, dispute resolution;

3)         Courses related to practice of real estate appraisal or consulting;

4)         Development cost estimating;

5)         Ethics and standards of professional practice, USPAP;

6)         Valuation bias and fair housing laws and regulations;

7)         Land use planning, zoning;

8)         Management, leasing, timesharing;

9)         Property development partial interests;

10)         Real estate law, easements, and legal interests;

11)         Real estate litigation, damages, condemnation;

12)         Real estate financing and investment;

13)         Real estate appraisal related computer applications;

14)         Real estate securities and syndication;

15)         Developing opinions of real property value in appraisals that also include personal property and/or business value;

16)         Seller concessions and impact on value; and

17)         Energy-efficient items and "green building" appraisals.

c)         Up to 14 hours or one-half of an individual's continuing education requirement may also be granted by the Division for participation, other than as a student, in appraisal educational processes and programs.  Examples of activities for which credit may be granted are teaching, program development, authorship of textbooks, or similar activities that are determined by the Division to be equivalent to obtaining continuing education. 

d)         AQB Certified USPAP Instructors, who have taught the seven-hour National USPAP Update Course or, effective January 1, 2026, the seven-hour National USPAP Continuing Education Course, or its equivalent, as qualifying education or continuing education, within the current renewal cycle, are exempt from taking the seven-hour National USPAP Update Course or, effective January 1, 2026, the seven-hour National USPAP Continuing Education Course, or its equivalent as a student.  A real estate appraiser who wishes to obtain continuing education credit for these activities shall submit to the Division:

1)         A complete application to request continuing education credit for participation other than as a student signed by the applicant; and

2)         The fee provided by Section 1455.320.

(Source:  Amended at 48 Ill. Reg. 14553, effective September 24, 2024)