AQB criteria definition

AQB criteria means all of the following, if applicable:

AQB criteria means the criteria established by the appraiser qualifications board of the appraisal foundation or as adopted by rule of the director. Until January 1, 2008, AQB criteria means the criteria entitled “Real Property Appraiser Qualification Criteria and Interpretation of the Criteria”, adopted by the appraiser qualifications board on February 16, 1994, effective January 1, 1998, and as revised and effective January 1, 2003. Beginning January 1, 2008, AQB criteria means the criteria entitled “Real Property Appraiser Qualification Criteria and Interpretation of the Criteria”, adopted by the appraiser qualifications board on February 20, 2004, effective January 1, 2008.

AQB criteria means minimum education, experience, and examination requirements to obtain and the continuing education requirements to maintain a license or certification as an appraiser, supervisory appraiser, or trainee appraiser. The AQB publishes these requirements in The Real Property Appraiser Qualification Criteria, which is adopted and incorporated by reference at [NEW RULE I].

Examples of AQB criteria in a sentence

• PAREA programs must be AQB-approved and meet all the required elements found in the PAREA section of the most recent AQB criteria.

• The department shall license as a limited real estate appraiser, a state licensed real estate appraiser, a certified residential real estate appraiser, or a certified general real estate appraiser an individual who is at least 18 years of age, is of good moral character, and provides proof of having completed the minimum education, examination, and experience requirements contained in the AQB criteria for the appropriate license category.History: Add.

• Certified USPAP instructors and instructors approved via a course delivery mechanism approval per the AQB criteria shall be considered to have met this requirement.ITEM 12.

• Applicants who met the prerequisites of a PAREA program prior to commencement of training, and who receive a valid certificate of completion from an AQB-approved PAREA program, have met the allotted experience requirements as outlined in the AQB criteria for that specific PAREA program.

• Applicants claiming PAREA experience credit may not receive partial credit for PAREA training.An applicant who did not fulfill the prerequisites of the PAREA training program prior to commencement but received a certificate of completion of that program has not fulfilled the experience requirements of the AQB criteria.

• PAREA program experience allotment will be awarded per the AQB criteria at the time of program completion.EXAMPLE: An applicant who has completed an AQB-approved licensed residential real property PAREA program may receive 67 percent of the required experience hours toward the certified residential real property credential.

• An applicant who did not fulfill the prerequisites of the PAREA training program prior to commencement but received a certificate of completion of that program has not fulfilled the experience requirements of the AQB criteria.

• PAREA program experience allotment will be awarded per the AQB criteria at the time of program completion.EXAMPLE: An applicant who has completed an AQB-approved certified residential real property PAREA program may receive 50 percent of the required experience hours toward the certified general real property credential.

• An applicant who meets the prerequisites of a PAREA program prior to commencement of training, and who receives a valid certificate of completion from an AQB-approved PAREA program, has met the allotted experience requirements as outlined in the AQB criteria for that specific PAREA program.

• The amended language in (4)(f) will ensure that the qualifying experience meets AQB criteria, because the mentor must describe the level of supervision provided to the trainee.The board is eliminating (5)(g) as it is redundant with the proposed amendments to renumbered (2).

More Definitions of AQB criteria

AQB criteria or “the Criteria” means the Real Property Appraiser Qualification Criteria and Interpretations of the Criteria, effective as of January 1, 2022.