NAC645C.305. Standards for courses.

     1. Courses for continuing education must contain:

     (a) Current information on appraisal practices which will improve the professional knowledge of the licensee or holder of a certificate and enable him or her to provide better service to the public.

     (b) Information that pertains to pertinent state and federal laws and regulations relating to appraisals or appraisal practices.

     2. The Commission considers courses in the following areas to be acceptable for continuing education:

     (a) The USPAP;

     (b) Legislative issues which concern the practice of appraising or licensees or holders of certificates, including, without limitation, pending and recent legislation;

     (c) The administration of laws and regulations governing appraisals, including, without limitation, licensing, certification and enforcement;

     (d) The relationship of the appraisal report to real estate financing;

     (e) The measurement and evaluation of the market for real estate, including, without limitation, evaluations of sites, market data and studies of feasibility;

     (f) The development of real property;

     (g) Real estate and appraisal mathematics;

     (h) Nature of value;

     (i) The purpose and use of appraisals;

     (j) Methods of valuation and evaluation;

     (k) Income capitalization; and

     (l) Construction.

     3. If the sponsor agrees to comply with all other requirements of approval, the Commission will accept without specific approval any course in appraisal practices or directly related subjects if the course has been previously approved by the Commission.

     (Added to NAC by Comm’n of Appraisers of Real Estate, eff. 1-26-90; A 11-19-91; R017-98, 10-23-98; R100-03, 1-30-2004; R158-05, 9-18-2006)