DEPARTMENT OF REGULATORY AGENCIES
DIVISION OF REAL ESTATE
BOARD OF REAL ESTATE APPRAISERS 
4 CCR 725-2

RULES GOVERNING THE PRACTICE OF REAL ESTATE APPRAISERS OF THE BOARD OF REAL ESTATE APPRAISERS

CHAPTER 1:	DEFINITIONS
1.2	Appraiser Qualifications Board (AQB) of TAF: The AQB establishes the minimum education, experience, and examination requirements for real property appraisers to obtain state certifications. In addition, the AQB performs a number of ancillary duties related to real property and personal property appraiser qualifications.
1.3	Appraisal Standards Board (ASB) of TAF: The ASB develops, interprets, and amends the USPAP.
1.57 	Practical Applications of Real Estate Appraisal (PAREA):  Training programs designed to offer practical experience in a simulated and controlled environment, incorporating the concepts learned in a participant’s qualifying education. Multiple types of training techniques may be utilized, including, but not limited to computer-based learning; video gaming; video tutorial; virtual assistant; and virtual reality training.

CHAPTER 5:	STANDARDS FOR REAL ESTATE APPRAISAL EXPERIENCE
5.9	Each application for licensure pursuant to Board Rules 2.2, 2.3, or 2.4 must be accompanied by a log of real estate appraisal experience on a form or in the manner specified by the Board or a certificate of completion as prescribed in Board Rule 5.14. The experience log must include the following:
A.	Type of property;
B.	Date of report;
C.	Address of appraised property;
D.	Description of work performed by the applicant, and scope of review and supervision of the supervising appraiser, if applicable;
E.	Number of actual work hours by the applicant on the assignment;
F.	The signature and state license number of the supervisor, if applicable. Separate experience logs must be maintained for each supervising appraiser, if applicable;
G.	An attestation certifying the accuracy and truthfulness of the information contained within the experience log; and
H.	The applicant’s signature.

5.12	PAREA programs approved by the AQB may serve as an alternative to the traditional experience requirements as prescribed in Board Rules 2.2.B, 2.3.C, 2.4.C and these Chapter 5 Rules. 
5.13	In order to qualify as creditable experience, PAREA programs must be AQB approved and meet all the required elements found in the PAREA section of the Real Property Appraiser Qualification Criteria as defined and incorporated by reference in Board Rule 1.32. 
5.14	Applicants using PAREA training as alternative experience must submit a certificate of completion, subject to the following:
	A.	Applicants may not receive partial credit for PAREA training;
	B.	Applicants may not receive a certificate of completion until all required components of PAREA training have been successfully completed and approved by a program mentor;
	C.	Certificates of completion must be signed by an individual from the training entity qualified to verify an applicant’s successful completion; and
	D.	Certificates of completion must not contain an expiration date or other constraints that either limit or restrict the applicant’s ability to receive appropriate credit.
5.15	Applicants successfully completing approved PAREA programs may receive the following experience credit:
	A.	Applicants completing an approved licensed residential program:
		1.	Licensed Appraiser Credential:  Up to 100 percent of the required experience hours as prescribed in Board Rule 2.2.B.
		2.	Certified Residential Credential:  up to 67 percent of the required experience hours as prescribed in Board Rule 2.3.C.
		3.	Certified General Credential:  up to 33 percent of the total required experience as prescribed in Board Rule 2.4.C, none of which is eligible towards the required non-residential hours.
	B.	Applicants completing an approved certified residential program:
		1.	Licensed Appraiser Credential:  up to 100 percent of the required experience hours as prescribed in Board Rule 2.2.B.
		2.	Certified Residential Credential:  up to 100 percent of the required experience hours as prescribed in Board Rule 2.3.C.
		3.	Certified General Credential:  up to 50 percent of the total required experience as prescribed in Board Rule 2.4.C, none of which is eligible towards the required non-residential hours.