The AQB has adopted a new interpretation with regards to its 2008 criteria relative to the educational requirements of all levels of appraisers. Since the Board adopts this criteria for the State-Licensed, Certified Residential and Certified General levels, adopting this new interpretation will ensure that the Board adheres to AQB's intent in the administration of the Real Property Appraiser Qualification and Criteria.
Per 264 Code of Massachusetts Regulation (CMR) 5.04 (certified residential) and 5.05 (certified general), applicants for the certified residential and certified general licenses must possess a degree in order to qualify for licensure. These sections further provide an option whereby an individual can qualify for licensure without a degree so long as they successfully pass certain "collegiate level subject matter courses from an accredited college or university". By this policy and to be consistent with AQB criteria, the Board interprets qualifying collegiate level subject matter courses to be courses which are comprised of at least three (3) semester credit hours put on by an accredited college or university (accredited by the Commission on Colleges, a regional or national agency that is recognized by the U.S. Secretary of Education) which accepts the College-Level Examination Program© (CLEP) examination(s) and issues a transcript for the examination, showing its approval.