61-2b-16. Certification and licensing examinations.
(1) An original certification or license may only be issued to a person who is of good
moral character and has demonstrated through a written examination process that he possesses:
(a) knowledge of technical terms commonly used in or related to real estate appraising,
appraisal report writing, and economic concepts applicable to real estate;
(b) 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 that is required in the real estate appraisal process;
(c) an understanding of the standards for the development and communication of real
estate appraisals as provided in this chapter;
(d) an understanding of the ethical rules that a real estate appraiser is required to observe;
(e) knowledge of theories of depreciation, cost estimating, methods of capitalization, and
the mathematics of real estate appraisal that are appropriate for the classification of certification
or licensure for which the applicant has applied;
(f) knowledge of other principles and procedures appropriate for the classification of
certification or licensure for which the applicant has applied;
(g) an understanding of basic real estate law; and
(h) an understanding of the types of misconduct for which disciplinary proceedings may
be initiated against a person certified or licensed under this chapter.
(2) The board shall require and pass upon proof necessary to determine the honesty,
competency, integrity, and truthfulness of each applicant.
Amended by Chapter 117, 1999 General Session
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Last revised: Thursday, May 28, 2009