New Mexico Register / Volume XXXVII,
Issue 5 / March 10, 2026
This is an
amendment to 16.62.8 NMAC, Sections 12 & 15, effective 03/10/2026.
16.62.8.12 CONTINUING EDUCATION REQUIREMENTS: Twenty-eight hours of continuing education
are required each biennial renewal period.
Continuing education requirements for initial trainees, licenses and
certificates issued for less than two full years are pro-rated as defined in
16.62.7.12 NMAC.
A. Individuals must
successfully complete the [seven hour national uniform standards of
professional appraisal practice (USPAP) update course,] seven-hour National
USPAP Continuing Education Course, and the four-hour Valuation Bias and Fair
Housing Laws and Regulations Course or [its] their equivalent
as approved by the appraiser qualifications board (AQB). Successful completion includes passing an
exam if required by the appraiser qualifications board (AQB).
B. Successful
completion of the AQB approved [seven hour national USPAP update course]
seven-hour National USPAP Continuing Education Course, and the four-hour
Valuation Bias and Fair Housing Laws and Regulations Course, will be
required of every trainee, licensee and certificate holder as a condition of
renewal in each biennial renewal.
[3/14/00; 16.62.8.12
NMAC - Rn & A, 16 NMAC 62.8.12, 09/13/2004; A, 11/25/2006; A, 08/21/2010;
A, 1/16/2011; A, 01/01/2015; A, 01/15/2017; A, 03/12/2024; A, 03/10/2026]
16.62.8.15 APPROVAL OF COURSES:
A. All real estate
appraisal courses except the appraisal qualifications board (AQB) approved
15-hour and [seven-hour national USPAP courses] seven-hour National
USPAP Continuing Education Course, must have prior approval by the board if
they are to be approved for credit towards continuing education or qualifying
education. Beginning January 1, 2008,
all qualifying education courses for pre-trainee, pre-licensing and
pre-certification must have been approved through the AQB course approval
program. The AQB approved 15-hour national USPAP course and the [seven hour
national USPAP update course] seven-hour National USPAP Continuing
Education Course do not require prior
approval by the board with proof that the course was taught by an AQB certified
national USPAP instructor who is also a residential or general certified
appraiser. The course sponsor may certify in the form of a certificate provided
to the student that the instructor meets the above board criteria.
B. All board
approved real estate courses except the AQB approved 15-hour national USPAP
course and the [seven-hour national USPAP update course] seven-hour
National USPAP Continuing Education Course, as defined in Subsection A of
this section, accepted for pre-trainee, pre-licensing and pre-certification
credit must: be a minimum length of at least 15 hours and include successful
completion of an approved closed-book examination pertinent to that educational
offering.
C. Application for
course approval must be made to the board. No classes for credit may commence
prior to board approval. The education
advisory committee will review the application in accordance with 16.62.8.13
NMAC.
D. All course
outlines approved by the board for pre-trainee, pre-licensing,
pre-certification and continuing education credit shall become the property of
the board and the outlines shall be available to all those board approved
sponsors wishing to teach said courses.
E. All existing
courses are subject to periodic review by the board. The board may at any time change the approval
status of any course.
[3/14/00; 16.62.8.15
NMAC - Rn & A, 16 NMAC 62.8.15, 09/13/2004; A, 11/25/2006; A, 01/16/2011;
A, 7/10/2011; A, 01/01/2015, A, 03/10/2026]