A.__Hold a valid license under this chapter and demonstrate experience as a real estate appraiser as required by the appraiser qualifications board;

B.__Satisfactorily complete the minimum classroom hours required by the appraiser qualifications board in courses of study approved by the Board of Real Estate Appraisers that relate to real estate appraisal theory and practice.__To meet the classroom requirement, an applicant must successfully complete no fewer than 15 hours of study approved by the board that relate specifically to the Uniform Standards of Professional Appraisal Practice; and

C.__Pass an examination administered by the board designed to test an individual's knowledge of the basic principles of land economics, real estate appraising, the Uniform Standards of Professional Appraisal Practice and the ethical rules to be observed by a real estate appraiser.

§14032.__Licensed real property appraiser

1.__Scope of license.__A real property appraiser license entitles the holder to appraise noncomplex residential property of one to 4 units or the land related to that property when a net income capitalization analysis is not required by the terms of the assignment.__For federally related transactions, a licensed real property appraiser may appraise only residential property of one to 4 units having a transaction value of less than $1,000,000.

2.__Professional qualifications.__Each applicant for a licensed appraiser license must meet the following qualifications:

A.__Demonstrate experience in the real estate appraisal field as required by the appraiser qualifications board;

B.__Have satisfactorily completed the minimum classroom hours required by the appraiser qualifications board in courses of study approved by the Board of Real Estate Appraisers that relate to the basic principles of real estate appraisal.__The required classroom hours must include no fewer than 15 classroom hours of study specifically relating to the Uniform Standards of Professional Appraisal Practice; and

C.__Pass an examination administered by the board designed to determine the fitness of the applicant to practice.

§14033.__Trainee real property appraiser