PERMANENT RULES
Date of Adoption: June 27, 2003.
Purpose: This proposed amendment is designed to establish the requirement for taking the seven-hour national USPAP update course or its equivalent or the fifteen-hour national USPAP course every renewal.
Citation of Existing Rules Affected by this Order: Amending WAC 308-125-090.
Statutory Authority for Adoption: RCW 18.140.030(8).
Adopted under notice filed as WSR 03-11-050 on May 16, 2003.
Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.
Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.
Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 1, Repealed 0.
Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.
Number of Sections Adopted Using Negotiated Rule Making:
New 0,
Amended 0,
Repealed 0;
Pilot Rule Making:
New 0,
Amended 0,
Repealed 0;
or Other Alternative Rule Making:
New 0,
Amended 1,
Repealed 0.
Effective Date of Rule:
Thirty-one days after filing.
June 27, 2003
Alan E. Rathbun
Assistant Director, BPD
OTS-6393.1
AMENDATORY SECTION(Amending WSR 99-11-039, filed 5/14/99,
effective 6/14/99)
WAC 308-125-090
Continuing education required.
(1) As a
prerequisite to renewal of certification or licensure, the
holder of a certificate or license shall present evidence
satisfactory to the director of successful completion of the
continuing education requirements of this section.
(2) The continuing education requirements for renewal of
certification or licensure shall be the completion by the
applicant of ((twenty classroom)) twenty-eight hours of
instruction in courses or seminars which have received the
approval of the director. Courses must be completed within
the term of certification or licensure immediately preceding
renewal((: Provided, That effective January 1, 1998, the
number of classroom hours is twenty-eight; further, every
other renewal period, the holder of a certificate or license
will present evidence of successful completion of at least
fifteen hours of approved USPAP related continuing education. The hours of USPAP education may be included in the total
education hours submitted for both the current and previous
renewal periods)). An applicant shall not receive credit in
consecutive renewals for courses that have the same or very
similar content and are deemed comparable by the department.
The holder of a certificate or license will present evidence
of successful completion of the seven-hour National USPAP
update course or its equivalent, or the fifteen-hour National
USPAP course every renewal.
(3) In order for courses or seminars to be accepted under subsection (2) of this section, the course or seminar must be a minimum of two hours in length and be directly related to real estate appraising. However, a maximum of one-half of the continuing education hours required for renewal can be in two-hour seminars or courses.
(4) An examination is not required for courses or seminars taken for continuing education classroom hours. The exception is the fifteen-hour Uniform Standards of Professional Appraisal Practice (USPAP) course when required by the course provider.
(5) The requirement under subsection (2) of this section may be met by participation other than as a student in educational process and programs approved by the director including teaching, program development, and authorship of textbooks and other written instructional materials.
(6) Courses or seminars taken to satisfy the continuing education requirement for general real estate appraisers, should include coverage of real estate appraisal related topics, such as:
(a) Ad valorem taxation.
(b) Arbitrations.
(c) Business courses related to practice of real estate.
(d) Construction estimating.
(e) Ethics and standards of professional practice.
(f) Land use planning, zoning, and taxation.
(g) Management, leasing, brokerage, timesharing.
(h) Property development.
(i) Real estate appraisal (valuations/evaluations).
(j) Real estate financing and investment.
(k) Real estate law.
(l) Real estate litigation.
(m) Real estate related computer applications.
(n) Real estate securities and syndication.
(o) Real property exchange.
(p) Such other presentations approved by the director.
(7) Courses or seminars taken to satisfy the continuing education requirement for residential real estate appraisers should include coverage of real estate appraisal related topics, such as:
(a) Ad valorem taxation.
(b) Business courses related to practice of real estate.
(c) Construction estimation.
(d) Ethics and standards of professional practice.
(e) Land use planning, zoning, taxation.
(f) Property development.
(g) Real estate financing and investment.
(h) Real estate law.
(i) Real estate related computer applications.
(j) Real estate securities and syndication.
(k) Real property exchange.
(l) Real estate feasibility and marketability studies.
(m) Such other presentations approved by the director.
(n) Real estate securities and syndication.
(o) Real estate property exchange.
(p) Such other presentations approved by the director.
(8) Courses or seminars taken to satisfy the continuing education requirement for licensed real estate appraisers should include coverage of real estate appraisal related topics, such as:
(a) Ad valorem taxation.
(b) Arbitration.
(c) Business courses related to practice of real estate appraisal.
(d) Construction estimating.
(e) ((Ethnics)) Ethics and standards of professional
practice.
(f) Land use planning, zoning, and taxation.
(g) Management, leasing brokerage, timesharing.
(h) Property development.
(i) Real estate appraisal (valuations/evaluations).
(j) Real estate law.
(k) Real estate litigation.
(l) Real estate financing and investment.
(m) Real estate appraisal related computer applications.
(n) Real estate securities and syndication.
(o) Real property exchange.
(p) Such other presentations approved by the director.
[Statutory Authority: RCW 18.140.030(8). 99-11-039, § 308-125-090, filed 5/14/99, effective 6/14/99. Statutory Authority: RCW 18.140.030(1). 97-02-004, § 308-125-090, filed 12/20/96, effective 1/20/97; 93-17-020, § 308-125-090, filed 8/10/93, effective 9/10/93. Statutory Authority: RCW 18.140.030. 91-04-074, § 308-125-090, filed 2/5/91, effective 3/8/91.]