§ 160-i. Examination requirement. An original certification as a state
certified real estate appraiser or an original license as a state
licensed real estate appraiser shall not be issued to any person who has
not demonstrated through a written examination process that he or she
possesses the following:

1. Appropriate knowledge of technical terms commonly used in or
related to real estate appraising, appraisals, report writing and
economic concepts applicable to real estate;

2. 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;

3. Understanding of the standards for the development and
communication of real estate appraisals as provided in this article;

4. Knowledge of theories of depreciation, cost estimating, methods of
capitalization, and the mathematics of real estate appraisal that are
appropriate for the classification of certificate applied for;

5. Knowledge of other principles and procedures as may be appropriate
for the respective classifications;

6. Basic understanding of real estate law; and

7. Understanding of the types of misconduct for which disciplinary
proceedings may be initiated against a state certified real estate
appraiser or a state licensed real estate appraiser, as set forth in
this article.