WILLIAM DONALD SCHAEFER, Governor Ch. 594

(B) AN APPLICANT SHALL BE A LICENSED REAL ESTATE
APPRAISER.

(C) AN APPLICANT SHALL HAVE COMPLETED SUCCESSFULLY AT
LEAST 75 CLASSROOM HOURS OF STUDY THAT:

(1) THE COMMISSION APPROVES;

(2) INCLUDES AT LEAST:

(I) 60 HOURS ABOUT REAL ESTATE APPRAISAL THEORY
AND PRACTICE; AND

(II) 15 HOURS ABOUT THE STANDARDS OF CONDUCT THAT
THE COMMISSION ADOPTS UNDER § 15.5-208 OF THIS TITLE; AND

(3) IS CONDUCTED BY:

(I) AN ACCREDITED UNIVERSITY, COLLEGE, OR
COMMUNITY OR JUNIOR COLLEGE;

(II) AN APPROVED APPRAISAL SOCIETY, INSTITUTE, OR
ASSOCIATION; OR

(III) ANOTHER SCHOOL THAT THE COMMISSION
APPROVES.

(D) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS
SUBSECTION, THE 45 CLASSROOM HOURS IN COURSES OF STUDY
REQUIRED FOR A LICENSE UNDER § 15.5-302 OF THIS TITLE MAY BE USED
TO HELP FULFILL THE CLASSROOM HOURS REQUIREMENT UNDER
SUBSECTION (C) OF THIS SECTION.

(2) CLASSROOM HOURS COMPLETED ABOUT STANDARDS OF
CONDUCT MAY NOT BE APPLIED TOWARD CLASSROOM HOURS ABOUT
REAL ESTATE APPRAISAL THEORY AND PRACTICE.

(E) AN APPLICANT SHALL HAVE AT LEAST 2 YEARS OF EXPERIENCE
IN REAL ESTATE APPRAISAL WORK THAT:

(1) IS SUPPORTED BY ADEQUATE WRITTEN REPORTS OR

MEMORANDA; AND

(2) WAS ACQUIRED WITHIN 5 YEARS IMMEDIATELY BEFORE
THE DATE OF APPLICATION.

(F) AN APPLICANT SHALL PASS THE EXAMINATION FOR A
CERTIFICATE FOR RESIDENTIAL REAL ESTATE APPRAISAL GIVEN BY
THE COMMISSION UNDER THIS SUBTITLE.

(G) (1) IF AN APPLICANT IS NOT A RESIDENT OF THE STATE, THE
APPLICANT SHALL SUBMIT TO THE COMMISSION AN IRREVOCABLE
CONSENT, AS PROVIDED UNDER THIS SUBSECTION.

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