TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS PART 1455 REAL ESTATE APPRAISER LICENSING SECTION 1455.170 EXPERIENCE REQUIREMENTS FOR A STATE CERTIFIED GENERAL REAL ESTATE APPRAISER LICENSE AND STATE CERTIFIED RESIDENTIAL REAL ESTATE APPRAISER LICENSE
Section 1455.170 Experience Requirements for a State Certified General Real Estate Appraiser License and State Certified Residential Real Estate Appraiser License
a) Any person who makes an application for a State Certified General Real Estate Appraiser License shall be required, as a pre-requisite to examination, to provide evidence of obtaining 3,000 hours of appraisal experience during no fewer than 18 months, of which 1,500 hours shall be in non‑residential appraisal work, and shall submit that evidence to the Division as required by Section 1455.190. Experience used to obtain a State Certified Residential Real Estate Appraiser License may apply to this requirement. The total number of submitted appraisal experience hours shall not exceed 4,000.
b) Any person who makes an application for a State Certified Residential Real Estate Appraiser License shall be required, as a pre-requisite to examination, to provide evidence of obtaining no fewer than 1,500 hours of appraisal experience during at least 12 months and shall submit that evidence to the Division as required by Section 1455.190. The total number of submitted appraisal experience hours shall not exceed 2,000.
c) Waiver valuations prepared in accordance with Section 5-5 of the Act shall not be counted toward appraisal experience credit for any credential classification.
d) Alternative experience programs approved by the AQB, such as PAREA or a practicum course, may serve as a substitute to the traditional supervisor trainee experience requirements as prescribed in this Part.
1) Alternative experience programs such as PAREA may fulfill the requirements for residential appraisal experience that is for both the Certified General and Certified Residential License.
2) Practicum courses approved by both the AQB, and the Division may fulfill all or part of the required appraisal experience and can be used in combination with the traditional supervisor trainee experience.
3) An applicant who chooses alternative experience must comply with all AQB or federal requirements of that program and provide proof of compliance and successful completion as required by Section 1455.200 and this Subpart.
(Source: Amended at 48 Ill. Reg. 14553, effective September 24, 2024) |