Chapter 1301:11-4 Registration of Appraiser Assistants

Rescinded eff 1-1-07

(A) At the time an application is submitted to the division of real estate, an applicant seeking state-registration as a real estate appraiser assistant shall demonstrate that no more than five years prior to the date of the application, the applicant has successfully completed fifteen classroom hours of instruction approved by the superintendent related to the uniform standards of professional appraisal practice or its equivalent and the requirements of Chapter 4763. of the Revised Code and amplifying rules, and sixty hours of classroom instruction in subjects related to real estate appraisal consisting of courses which include:

(1) Real property concepts and characteristics,

(2) Legal considerations,

(3) Influences on real estate value,

(4) Types of value,

(5) Economic principles,

(6) Overview of real estate markets and analysis,

(7) Ethics and how they apply in appraisal theory and practice,

(8) Overview of approaches to value,

(9) Valuation procedures,

(10) Property description,

(11) Residential applications, and

(12) Uniform standards of professional appraisal practice,

(B) An applicant for state-registration as a real estate appraiser assistant shall demonstrate successful completion of at least one course devoted exclusively to federal, state, and municipal fair housing law, presented by a nationally recognized appraisal organization, an institution of higher education, a career school registered by the state board of career colleges and schools, a state or federal commission or agency, or any other organization that represents the interests of financial institutions or real estate brokers, appraisers, or agents and that provides appraisal education. The course devoted exclusively to fair housing law may be included in the seventy five classroom hours of instruction in appraisal education required by this rule.

Replaces: Replaces 1301:11-4-02

Effective: 01/01/2007

R.C. 119.032 review dates: 06/30/2011

Promulgated Under: 119.03

Statutory Authority: 4763.03

Rule Amplifies: 4763.05

Prior Effective Dates: 9/10/1996

Rescinded eff 1-1-07