The Appraisal Qualifications Board (AQB) has recently approved new education criteria that will become effective January 1, 2008. These changes were made because of the difficulty state regulatory agencies experienced when trying to determine how many hours of continuing education is required for an appraiser who has only been licensed for a partial year.
For example, based on current criteria, an appraiser who obtains a license in August (who is required to recertify by December 31 of that same year) would be required to obtain a full 14 hours of continuing education for that year even though a full calendar year had not passed.
Now credentialed appraisers will be required to complete continuing education for a partial year as follows:
For continuing education cycle periods of 185 days or more, 14 hours of continuing education is required. For continuing education cycle periods of less than 185 days, no hours of continuing education are required.
Example #1: A credential issued on August 15 that expires on December 31 of the same year would not require any continuing education hours for that year.
Example #2: A credential issued on May 15 that expires on December 31 of the same year would require 14 continuing education hours for that year.
Example #3: A credential issued on August 15 that expires on December 31 of the following year would require 14 hours of continuing education to renew.
For more information on changes to continuing education criteria please visit http://www.appraisalfoundation.org/s_appraisal/index.asp
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