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VERMONT STATUTES AND CODES
§ 3318 - Examination
§ 3318. Examination
(a) The board shall examine applicants for licensure. The examination may include the following subjects: influences on real estate value, legal considerations in appraisal, types of value, economic principles, real estate markets and analysis, valuation process, property description, highest and best use analysis, appraisal math and statistical concepts, sales comparison approach, site value, cost approach, income approach, valuation of partial interests and appraisal standards and ethics. The board may use a standardized examination. The board may require a practical demonstration of appraisal skills as part of the examination.
(b) Separate examinations shall be designed to test the competency in the different categories of licensure. (Added 1989, No. 264 (Adj. Sess.), § 1; amended 1991, No. 92, § 5; 1993, No. 217 (Adj. Sess.), § 7.)