IAAO case study examinations are an intense, in-depth experience unlike other IAAO exams. Approximately half of the questions pertain directly to the information presented in the case study and require the candidate to apply knowledge and perform calculations the other half are general appraisal questions. The Case Study Examination on the Mass Appraisal of Income-Producing Property is a 75 question, multiple choice exam designed to test a candidate’s proficiency in and mastery of the concepts deemed necessary for a CAE designee. (3) Any combination of education and experience specified in F.(1) and F.(2) that equals 100 points. One year of experience equals ten points 100 points are required. (2) A minimum of ten years of verifiable appraisal and/or assessment administration experience. Three semester hours equals ten points 100 points are required. Subject areas allowed are: English Composition, Economics or Finance, Geography, Algebra, Geometry, Statistics or higher mathematics, Accounting, Business Law, Real Estate Law or Valuation. (1) Complete a minimum of thirty semester hours of specific subject area coursework or pass College-Level Examination Program (CLEP) exams equivalent from an accredited college or university with a grade of “C” or higher. Those applying for candidacy on or after Janumust, prior to sitting for the CAE comprehensive examination, hold a bachelor’s degree or higher from an accredited college or university. In lieu of a bachelor’s degree, candidates must be a high school graduate (or equivalent) and satisfy one of the following options:.Upon successfully completing the CAE Comprehensive Examination, the candidate must submit an affidavit attesting to his or her experience before the designation can be conferred.This examination can be given only after all other requirements have been met. The candidate must pass an eight- (8-) hour CAE Comprehensive Examination.The other project may be fulfilled by completing a case study examination. It is a requirement that at least one (1) of the projects must be a real property demonstration narrative appraisal report. The candidate must have credit for two (2) projects, one on residential real property and one on commercial real property. Prior to sitting for any exam or submitting any report under this section a candidate must be enrolled and in good standing in the CAE program.In the absence of a local standard, USPAP is required. must provide proof of passage of a course covering the particular appraisal standards that govern appraisers within their jurisdiction in lieu of taking either IAAO 151 or a Foundation-approved two-day USPAP course. Residents of the United States are required to take either IAAO 151 or a Foundation-approved two-day USPAP course.
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IAAO Workshop 171 Standards of Professional Practice and Ethics.
*Note: Prior completion of Course 311 Residential Modeling Concepts or Course 312 Commercial/Industrial Modeling Concepts is also acceptable. IAAO Course 311: Real Property Modeling Concepts.IAAO Course 112: Income Approach to Valuation II.IAAO Course 102: Income Approach to Valuation.IAAO Course 101: Fundamentals of Real Property Appraisal.The candidate must have credit for the following seven (7) educational courses:.The candidate must have at least five (5) years of experience in property appraisal or assessment administration.To qualify for the CAE designation, the following qualifications and requirements must first be demonstrated to be eligible to sit for the comprehensive examination:
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