20:14:05:07.04Alternative

to general educational requirements of the state-certified residential appraiser credential for state-licensed appraiser. A state-licensed appraiser may, as an alternative to the general education requirements as prescribed in § 20:14:05:07.02, qualify for upgrade to state-certified residential appraiser if all of the following requirements have been satisfied: (1) Has held a state-licensed appraiser credential for a minimum of five years; (2) Has not been subject to any disciplinary action within any jurisdiction that affects legal eligibility to engage in appraisal practice within the five years preceding an application for state-certified residential appraiser; (3) Has met all of the experience requirements for state-certified residential appraiser as prescribed in § 20:14:05:03.01; and (4) Has met all of the appraiser education requirements for state-certified residential appraiser as required in § 20:14:05:07.01.

Source: 44 SDR 184, effective June 25, 2018.