§ 33-39-111 — Examination requirement

(a) An original permit as a certified real estate
appraiser shall be issued to any person who has demonstrated
through a written examination process that he possesses the
following:
(i) Knowledge of technical terms used in or related
to real estate appraising, appraisal report writing and economic
concepts applicable to real estate;
(ii) Understanding of the principles of land
economics, real estate appraisal processes and of problems
likely to be encountered in gathering, interpreting and
processing of data in carrying out appraisal disciplines;
(iii) Understanding the Uniform Standards of
Professional Appraisal Practices as adopted by the board;
(iv) Knowledge of theories of depreciation, cost
estimating, methods of capitalization and the mathematics of
real estate appraisal that are appropriate for the
classification of the permit applied for;
(v) Knowledge of other principles and procedures as
may be appropriate for the respective classifications;
(vi) Basic understanding of real estate law; and
(vii) Understanding of the types of misconduct for
which disciplinary proceedings may be initiated against
certified real estate appraisers, as set forth in this act and
regulations promulgated by the board.