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Delaware General AssemblyDelaware RegulationsMonthly Register of RegulationsOctober 2018


Regulatory Flexibility Act Form

Authenticated PDF Version

24 DE Admin. Code 2930
Pursuant to 24 Del.C. §4006(a)(1), the Delaware Council on Real Estate Appraisers has proposed revisions to its rules and regulations. The rules pertaining to licensing qualifications are proposed to be amended to conform to new Appraisal Qualifications Board criteria.
1.1.1 A person who wishes to file an application for a real property appraiser license or certificate may obtain the required form upon request to the Council. In general, the form calls for information such as the applicant’s name and address, the applicant’s social security number, places of residence and employment, experience, education, and other information as may be necessary to identify the applicant and review the applicant’s qualifications for licensure or certification.
2.1.3.4.1 All appraiser trainees must be licensed as required under 24 Del.C. Ch. 40. All qualifying education must be completed within the five (5) year period prior to the date of submission of an application for a trainee appraiser license. A trainee appraiser is permitted to have more than one supervisory appraiser.
2.1.4.2.2.2 Completion of the college-level education requirements specified in III.A. subsection 2.1.5.3 “Qualifying Education”; and
2.1.4.2.2.3 Two One thousand (2,000 1,000) hours of qualifying experience in no fewer than twelve (12) six (6) months.
2.1.4.3.22.1.4.3.1 The Licensed Residential Real Property Appraiser classification requires completion of one hundred fifty (150) creditable class hours as specified in the Required Core Curriculum. As part of the 150 required hours, the applicant shall successfully complete the 15-Hour National USPAP Course, or its AQB-approved equivalent, and the examination. There is no alternative to successful completion of the USPAP Course and examination.
2.1.4.3.32.1.4.3.2 Appraisers holding a valid Trainee Appraiser credential may satisfy the educational requirements for the Licensed Residential Real Property Appraiser credential by completing the following additional educational hours:
2.1.4.3.42.1.4.3.3 Trainee Appraisers wishing to change to the Licensed Residential Real Property Appraiser classification must also satisfy the college level education requirements as specified in subsection 2.1.4.2.1.
2.1.4.3.52.1.4.3.4 Appraisers holding a valid Certified Residential Real Property Appraiser credential satisfy the educational requirements for the Licensed Residential Real Property Appraiser credential.
2.1.4.3.62.1.4.3.5 Appraisers holding a valid Certified General Real Property Appraiser credential satisfy the educational requirements for the Licensed Residential Real Property Appraiser credential.
2.1.4.4.1 Two thousand (2,000) One thousand (1,000) hours of experience are required to be obtained in no fewer than 12 6 months.
2.1.5.2.2.2 Completion of the college-level education requirements specified in III.A. subsection 2.1.5.3 “Qualifying Education”; and
2.1.5.2.2.3 Two thousand five hundred (2,500) One thousand five hundred (1,500) hours of qualifying experience obtained in no fewer than twenty-four (24) twelve (12) months. While the hours may be cumulative, the required number of months must accrue before an individual can be certified.
2.1.5.3.42.1.5.3.6 Appraisers holding a valid Trainee Appraiser credential may satisfy the educational requirements for the Certified Residential Real Property Appraiser credential by completing the following additional educational hours:
1. Residential Market Analysis and Highest and Best Use 15 Hours
Residential Market Analysis and Highest and Best Use 15 Hours
2.1.5.3.52.1.5.3.7 Appraisers holding a valid Licensed Residential Real Property Appraiser credential may satisfy the educational requirements for the Certified Residential Real Property Appraiser credential by completing the following additional educational hours:
1. Statistics, Modeling and Finance 15 Hours
Statistics, Modeling and Finance 15 Hours
2.1.6.2.2.2 Completion of the college-level education requirements specified in III.A. subsection 2.1.5.3 “Qualifying Education”; and
2.1.6.2.2.3 Three thousand (3,000) hours of qualifying experience obtained in no fewer than thirty (30) eighteen (18) months, where a minimum of one thousand five hundred (1,500) hours must be obtained in non-residential appraisal work.
1. General Appraiser Market Analysis and Highest and Best Use 30 Hours
General Appraiser Market Analysis and Highest and Best Use 30 Hours
1. General Appraiser Market Analysis and Highest and Best Use 15 Hours
General Appraiser Market Analysis and Highest and Best Use 15 Hours
1. General Appraiser Market Analysis and Highest and Best Use 15 Hours
General Appraiser Market Analysis and Highest and Best Use 15 Hours
2.1.6.4.1 Three thousand (3,000) hours of experience obtained during no fewer than thirty (30) eighteen (18) months is required, of which one thousand five hundred (1,500) hours must be in non-residential appraisal work. While the hours may be cumulative, the required number of months must accrue before an individual can be certified.
2.3.1.2 Fourteen (14) hours of continuing education are required after at least 6 months but fewer than 12 months of licensure; and
2.5.2 Beginning November 1, 2009, and thereafter three (3) two (2) hours of education on Delaware Law, Rules and Regulations.
2.11 Beginning November 1, 2009, and thereafter, at least 14 hours per licensure period must be taken in a traditional classroom setting, with an instructor. If a licensee is licensed for at least 6 months but fewer than 12 months of licensure, at least 7 hours per licensure period must be taken in a traditional classroom setting with an instructor.
5.2 Reciprocity. The Council may grant a reciprocal license in accordance with 24 Del.C. §4011 to applicants certified or licensed in another state whose requirements for certification or licensure are substantially similar to the State of Delaware.
“Ad valorem taxation purposes” The establishment of the value of real property as determined by a government employee or revaluation company personnel on contract with a governmental entity for real estate tax assessment.
“Appraisal assessing profession” The body of individuals who are deemed to be qualified to perform ad valorem tax appraisals.
“Assessor” A person responsible for the valuation of real property for ad valorem taxation purposes.
“Business with which a licensed assessor is associated” A business in which the licensed assessor or a member of the licensed assessor’s immediate family is a director, officer, owner or employee, or has a financial interest.
“Conflict of interest” A situation in which a licensed assessor uses the licensed assessor’s employment or confidential information received through the course of the employment for the private pecuniary benefit of the licensed assessor, a member of the licensed assessor’s immediate family, or a business with which the licensed assessor or a member of the licensed assessor’s immediate family is associated.
“Financial interest” A financial interest in a legal entity engaged in business for profit which comprises more than 5% of the equity of the business or more than 5% of the assets of the economic interest in indebtedness.
Immediate family” A parent, spouse, child, brother, sister, grandparent or grandchild and, when living in the family household (or under a common roof), all other individuals related by blood or marriage.
“Licensed assessor” An individual who has completed a minimum of 90 hours of basic courses of study covering the appraisal assessing profession and has obtained a certification from the Board.
Real estate tax assessment” A valuation placed on real property for governmental purposes by a government employee or revaluation company personnel on contract with a government.
10.3.1 Application forms. Application forms for certification as a licensed assessor may be obtained from the Division of Professional Regulations.
10.3.2 Application fee. The application form shall be accompanied by the fee for certification as an assessor. The application fee is nonrefundable. Payment shall be in the form of a personal check or money order.
10.6.1 Courses of study. The applicant for certification as an assessor shall submit evidence to the Board of having completed 90 classroom/on-line hours of courses in subjects covering the appraisal assessing profession. The following topics are appropriate, but not exclusive:
10.10.1 Preamble
10.10.2 Standard 1. General duties.
10.10.3 Standard 2. Public review of assessments and records.
10.10.4 Standard 3. Professional qualifications.
10.10.5 Standard 4. Limitations on activities.
10.10.6 Standard 5. Contingent fees.
10.10.7 Standard 6. Advertising and promotion.
10.10.8 Standard 7. Conflict of interest.
Last Updated: December 31 1969 19:00:00.
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