Trainee Real Property Appraiser An applicant must have completed 75 creditable hours of qualifying education as specified in the Required Core Curriculum. All qualifying education must be completed within the five 5 year period prior to the date of submission of a Trainee Appraiser application. There is no examination requirement for the Trainee Appraiser classification, but the Trainee Appraiser shall pass the appropriate end-of-course examinations in all of the prerequisite courses in order to earn credit for those courses.
No experience is required as a prerequisite for the Trainee Appraiser classification Licensed Residential Real Property Appraiser 30 semester hours of college-level education from an accredited college, junior college, community college, or university.
Applicants holding an Associate degree, or higher, from an accredited college, junior college, community college, or university satisfy the hour college-level education requirement. Applicants with a college degree from a foreign country may have their education evaluated for 'equivalency'. Two thousand 2, hours of qualifying experience in no fewer than twelve 12 months. Two thousand five hundred 2, hours of experience obtained during no fewer than twenty-four 24 months is required.
Three thousand 3, hours of qualifying experience obtained in no fewer than thirty 30 months, where a minimum of one thousand five hundred 1, hours must be obtained in non-residential appraisal work. State of Utah, Dept. Beginning January 1, , the AQB has made significant changes to appraisal qualifications. Some states may choose to implement the changes sooner, so be sure to check with your state regulator.
Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. Land : includes : Utah Code Participants plaintiffs and defendants in lawsuits are called litigants. Misdemeanor : Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement. Mortgage : The written agreement pledging property to a creditor as collateral for a loan. National Credit Union Administration : The federal regulatory agency that charters and supervises federal credit unions.
Source: OCC Nolo contendere : No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
Oath : includes "affirmation. See Utah Code 35A Partnership : A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses. Person : means : Utah Code Plea : In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
Probation : A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
Process : means a writ or summons issued in the course of a judicial proceeding. Real estate : means an identified parcel or tract of land including improvements if any. See Utah Code g Real estate related transaction : means : i the sale, lease, purchase, investment in, or exchange of real property or an interest in real property, or the financing of such a transaction; ii the refinancing of real property or an interest in real property; or iii the use of real property or an interest in real property as security for a loan or investment, including mortgage-backed securities.
See Utah Code g Real property : means one or more defined interests, benefits, or rights inherent in the ownership of real estate. See Utah Code g Restitution : The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action. Review assignment : means an unbiased analysis, opinion, or conclusion that forms an opinion as to the adequacy and appropriateness of a valuation appraisal or an analysis assignment.
See Utah Code g Service of process : The service of writs or summonses to the appropriate party. Settlement : Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Signature : includes a name, mark, or sign written with the intent to authenticate an instrument or writing. See Utah Code g State-certified residential appraiser : means a person who holds a current, valid certification as a state-certified residential real estate appraiser issued under this chapter. See Utah Code g State-licensed appraiser : means a person who holds a current, valid license as a state-licensed appraiser issued under this chapter.
See Utah Code g Statute : A law passed by a legislature. Subpoena : A command to a witness to appear and give testimony. Testimony : Evidence presented orally by witnesses during trials or before grand juries.
Trainee : means an individual who: i does not hold an appraiser license or appraiser certification issued under this chapter; ii works under the direct supervision of a state-certified appraiser to earn experience for licensure; and iii is registered as a trainee under this chapter.
See Utah Code g Contingent fee : means a fee or other form of compensation, payment of which is dependent on or conditioned by: i. See Utah Code 35A Evaluation : means an opinion on the market value of real property or real estate that: i.
See Utah Code g Federal financial institutions regulatory agencies : means : i. Financial institution : means an insured: i. See Utah Code g Real estate related transaction : means : i.
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