(1) Applicants for certification as certified residential real estate appraisers shall provide evidence of completion of 200 hours of board-approved instruction in the required core curriculum.

(2) The required core curriculum for certified residential licensure is:

(a) basic appraisal principles 30 hours

(b) basic appraisal procedures 30 hours

(c) the 15-hour national USPAP course 15 hours

(d) residential market analysis and highest and best use 15 hours

(e) residential appraiser site valuation and cost approach 15 hours

(f) residential sales comparison and income approaches 30 hours

(g) residential report writing and case studies 15 hours

(h) statistics, modeling, and finance 15 hours

(i) advanced residential application and case studies 15 hours

(j) appraisal subject matter electives 20 hours

(may include hours over minimum shown above in other modules)

(k) total certified residential education requirements 200 hours

(3) To upgrade from a trainee or a licensed real estate appraiser to a certified residential real estate appraiser, an applicant may use education obtained for licensure as a licensed real estate appraiser, as long as the education meets the required core curriculum in (2) and the degree requirement in (5).

(4) Applicants for original certification as certified residential real estate appraisers shall provide evidence of completion of:

(a) 200 hours of board-approved instruction in the required core curriculum; and

(b) the degree requirement in (5).

(5) In addition to the required core curriculum, applicants for certification as certified residential real estate appraisers must hold a bachelor's degree or higher in any field from an accredited college or university. The college or university must be 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.

(6) Applicants with a college degree from a foreign country may have their education evaluated for equivalency by one of the following:

(a) an accredited, degree-granting domestic college or university;

(b) the American Association of College Registrars and Admissions Officers;

(c) a foreign-degree credential evaluation service company that is a member of the National Association of Credential Evaluation Services; or

(d) a foreign-degree credential evaluation service company that provides equivalency evaluation reports accepted by an accredited degree-granting domestic college or university or by a licensing board or program administratively attached to the department that issues credentials in another profession.