61-2b-11. Curriculum to be determined by board.
In making its determinations with respect to the courses of study required by Section
61-2b-10, the board shall give weight to courses which teach one or more of the following:
(1) knowledge of technical terms commonly used in or related to real estate appraising,
appraisal report writing, and economic concepts applicable to real estate;
(2) an understanding of the basic principles of land economics, the basic principles of the
real estate appraisal process, and the problems likely to be encountered in gathering, interpreting,
and processing the data required in the real estate appraisal process;
(3) an understanding of the standards for the development and communication of real
estate appraisals as provided in this chapter;
(4) an understanding of the ethical rules that a real estate appraiser is required to observe;
(5) knowledge of theories of depreciation, cost estimating, methods of capitalization, and
the mathematics of real estate appraisal;
(6) an understanding of basic real estate law; and
(7) an understanding of the types of misconduct for which disciplinary proceedings may
be initiated against a person licensed under this chapter.
Amended by Chapter 117, 1999 General Session
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Last revised: Thursday, May 28, 2009