645C.330 - Educational requirements and required experience. - Nevada Statutes

645C.330  Educational requirements and required experience.  The Commission shall adopt regulations that prescribe the standards for education and experience required for the issuance of a certificate or license. Until the Commission adopts those regulations, the standards are as follows:

      1.  An applicant for a license as a residential appraiser must furnish proof satisfactory to the Commission that the applicant has successfully completed:

      (a) Not less than 90 hours of academic instruction in subjects related to appraisals taught in courses approved by the Commission; and

      (b) At least 2 years of experience working full-time as an appraiser or intern.

      2.  An applicant for a certificate as a residential appraiser must furnish proof satisfactory to the Commission that the applicant has successfully completed:

      (a) Not less than 120 hours of academic instruction in subjects related to appraisal taught in courses approved by the Commission; and

      (b) At least 2 years of experience working full-time as an appraiser or intern, including not less than 500 hours of experience relating to complex property.

      3.  An applicant for a certificate as a general appraiser must furnish proof satisfactory to the Commission that the applicant has successfully completed:

      (a) Not less than 180 hours of academic instruction in subjects related to appraisals taught in courses approved by the Commission; and

      (b) At least 3 years of experience working full-time as an appraiser or intern.

Ê As used in this section, an “hour of academic instruction” means at least 50 minutes of actual time spent receiving instruction.

      (Added to NRS by 1989, 826; A 1991, 891; 1993, 813; 1997, 300; 2005, 1295)