in-20260715-IR-876250707FRA: INCORPORATION BY REFERENCE UPDATES

TITLE 876 INDIANA REAL ESTATE COMMISSION Final Rule LSA Document #25-707 DIGEST INCORPORATION BY REFERENCE UPDATES Amends 876 IAC 3-3-2.7 concerning incorporations by reference. Amends 876 IAC 3-3-3.1, 876 IAC 3-3-4.1, and 876 IAC 3-3-5.1 concerning educational requirements for Indiana licensed trainee appraisers, certified residential appraisers, and certified general appraisers. Amends 876 IAC 3-3-10 concerning credit for appraisal performance. Amends 876 IAC 3-5-1 concerning continuing education requirements. Amends 876 IAC 3-6-9 concerning supervision of licensed trainee appraisers. Amends 876 IAC 3-6-10 concerning the supervisor/trainee appraiser course. Effective 30 days after filing with the publisher. HISTORY Notice of First Public Comment Period: 20251210-IR-876250707FNA Regulatory Analysis submitted with the Notice of First Public Comment Period: 20251210-IR-876250707RAA Date of Hearing: January 21, 2026 CITATIONS AFFECTED: 876 IAC 3-3-2.7; 876 IAC 3-3-3.1; 876 IAC 3-3-4.1; 876 IAC 3-3-5.1; 876 IAC 3-3-10; 876 IAC 3-5-1; 876 IAC 3-6-9; 876 IAC 3-6-10 SUMMARY/RESPONSE TO COMMENTS The Indiana Real Estate Commission (commission) requested public comment from December 10, 2025, through January 9, 2026, and during the public hearing on January 21, 2026. The commission received no comments in response to the Notice of First Public Comment Period. This adopted version of the rule is the same as or does not substantially differ from the last published version of the proposed rule. FINAL RULE 876 IAC 3-3-2.7 Incorporation of criteria applicable to all appraiser classifications Sec. 2.7. (a) This section establishes criteria applicable to all licenses issued by the real estate appraiser licensure and certification board (board). (b) The board adopts and incorporates by reference the criteria applicable to all appraiser classifications established by the Real Property Appraiser Qualification Criteria, January 2022 2026 edition. 876 IAC 3-3-3.1 Educational requirements for Indiana licensed trainee appraiser Sec. 3.1. (a) This section establishes the educational requirements for the Indiana trainee appraiser license. (b) The minimum prerequisite to sit for the Indiana trainee appraiser examination is completion of the education criteria stated in subsection (c), and completion of the supervisor/trainee appraiser course as outlined in 876 IAC 3-6-9. (c) The minimum classroom hours shall be is the required core curriculum for trainee appraisers, established by the Real Property Appraiser Qualification Criteria, January 2022 2026 edition. 876 IAC 3-3-4.1 Educational requirements for Indiana certified residential appraiser Sec. 4.1. (a) This section establishes the educational requirements for an Indiana certified residential appraiser. (b) The minimum prerequisite to sit for the Indiana certified residential appraiser examination is completion of the education criteria, or alternative criteria, and the minimum qualifying education classroom hours of qualifying education for a certified residential real property appraiser established by the Real Property Appraiser Qualification Criteria, January 2022 2026 edition. (c) The fifteen (15) hours of Uniform Standards of Professional Appraisal Practice course will meet the requirements under subsection (b) if the course was taken prior to January 1, 2004. 876 IAC 3-3-5.1 Educational requirements for Indiana certified general appraiser Sec. 5.1. (a) This section establishes the educational requirements for an Indiana certified general appraiser. (b) The prerequisite to sit for the Indiana certified general appraiser examination is completion of the education criteria, or alternative criteria, and the minimum qualifying education classroom hours of qualifying education for a certified general real property appraiser established by the Real Property Appraiser Qualification Criteria, January 2022 2026 edition. (c) The fifteen (15) hours of Uniform Standards of Professional Appraisal Practice course will meet the requirements under subsection (b) if the course was taken before January 1, 2004. 876 IAC 3-3-10 Credit for appraisal performance Sec. 10. (a) The quantitative experience requirements shall must be consistent with the generic experience criteria, established by the Real Property Appraiser Qualification Criteria, January 2022 2026 edition. (b) An applicant may be given full credit for performance of at least seventy-five percent (75%) of the work associated with an appraisal, including preparation of the appraisal report. Full credit may be claimed for that appraisal, even if the work was reviewed by a supervising appraiser who signed the appraisal report, notwithstanding subsection (c). No credit may be given to an applicant performing less than seventy-five percent (75%) of the work on an appraisal. No credit may be given to an applicant for an appraisal unless the applicant either signed the report or was given credit for seventy-five percent (75%) of the work within the certification pages of the appraisal report. (c) An applicant may be given credit for twenty-five percent (25%) of the hours allotted for the type of property appraised if the applicant reviewed an appraisal prepared by a trainee under the applicant's supervision, and the applicant signed the report as the supervisor. (d) An applicant may be given credit for fifty percent (50%) of the hours allotted for the type of property appraised if the applicant prepared a Uniform Standards of Professional Appraisal Practice (USPAP) Standard 3 review report of an appraisal prepared by another person and prepared a separate written review appraisal report. (e) An applicant may be given credit for an additional fifty percent (50%) of the hours allotted for the type of property appraised if the applicant performed an appraisal for condemnation purposes, where there was a partial taking of the property, and documented before and after value of the property was completed. (f) An applicant may be given credit for fifty percent (50%) of the total experience requirement for practicum courses that are approved by the AQB Appraisal Qualifications Board Course Approval Program or the real estate appraiser licensure and certification board. A practicum course must include the generally applicable methods of appraisal practice for the credential category. Content includes, but is not limited to, the following: Assignments must require problem solving skills for a variety of property types for the credential category. Experience credit shall be is granted for the actual classroom hours of instruction and hours of documented research and analysis, as awarded from the practicum course approval process. (g) An appraisal for which experience is claimed under this rule must: (h) The total credit given for appraisal work consisting of restricted appraisal reports shall must not exceed five hundred (500) hours. 876 IAC 3-5-1 Continuing education requirements Sec. 1. (a) As a prerequisite to renewal of a real estate appraiser license or certification, the licensee or certificate holder shall satisfy the criteria specific to continuing education, established by the Real Property Appraiser Qualification Criteria, January 2022 2026 edition. (b) A licensee is not entitled to continuing education credit for classroom hours that were used for required prelicensure education under 876 IAC 3-3. (c) The real estate appraiser licensure and certification board (board) may verify information concerning continuing education that is submitted by the licensee or certificate holder as evidence supporting the course information. The board may require licensees or certificate holders to provide information regarding the continuing education hours claimed on the individual's renewal. Failure to do so may lead to action under IC 25-1-4-5 or IC 25-1-4-6. (d) It is the responsibility of each licensee or certificate holder to retain evidence to support the courses taken for a period of three (3) years after the end of the renewal period for which the renewal application is submitted to the board. These records shall must include at least one (1) or more of the following: 876 IAC 3-6-9 Indiana licensed trainee appraisers; supervision Sec. 9. (a) This section establishes requirements for the use and supervision of licensed trainee appraisers. (b) Indiana licensed trainee appraisers shall be subject to direct supervision, including inspection of all properties by a supervising appraiser who satisfies all the general criteria of the supervisory appraiser requirements, established by the Real Property Appraiser Qualification Criteria, January 2022 2026 edition. (c) The An Indiana licensed trainee appraiser is permitted to have more than one (1) supervising appraiser in the office of the supervising appraiser with whom the Indiana licensed trainee appraiser has associated under 876 IAC 3-3-22. An additional supervisor shall be acting in substitution for the supervising appraiser identified under 876 IAC 3-3-22 and is only responsible for the Indiana licensed trainee appraiser on appraisals where responsibility is assumed by the additional supervisor, at the consent of the supervisor of record identified under 876 IAC 3-3-22. Overall responsibility for the trainee appraiser remains with the supervisor of record as long as the association with the trainee appraiser is in effect under 876 IAC 3-3-22. (d) An appraiser may not be the supervising appraiser for more than three (3) trainees. (e) An appraisal log shall be maintained by the Indiana licensed trainee appraiser and supervising appraiser. The appraisal log shall follow the requirements established by the supervisory appraiser requirements, established by the Real Property Appraiser Qualification Criteria, January 2022 2026 edition. It is the responsibility of the trainee to retain the log for submission to the real estate appraiser licensure and certification board with any future application for license certification. The trainee appraiser shall be is entitled to copies of appraisals, including appraisal reports and any work files that the trainee appraiser completes. However, the original records shall be maintained at the office of the supervising appraiser. (f) The supervising appraiser shall accompany the Indiana licensed trainee appraiser and inspect the subject and comparable properties on the following appraisal assignments: (g) The supervising appraiser and the licensed trainee appraiser shall meet with each other on a reasonable schedule to interact about the appraisal work of the trainee. (h) Subsections (d) and (f) do not apply when an Indiana licensed trainee appraiser is an employee of a governmental entity acting in the course of the governmental entity's activities. 876 IAC 3-6-10 Indiana licensed trainee appraisers; supervisor/trainee appraiser course Sec. 10. (a) A supervising appraiser under section 9 of this rule shall successfully complete a supervisor/trainee appraiser course in order to be a supervising appraiser. The course must be completed prior to commencement of before an association with a trainee appraiser begins. (b) The supervisor/trainee appraiser course shall qualify qualifies for continuing education credit for the supervising appraiser under 876 IAC 3-5. (c) A supervisor/trainee appraiser course shall be approved by the real estate appraiser licensure and certification board or the Appraisal Qualifications Board and shall provide adequate information to ensure the supervisory appraiser and trainee appraiser understand the qualifications and responsibilities of that role. Specifically, the course objectives shall must be consistent with the supervisory appraiser and trainee appraiser course objectives, established by the Real Property Appraiser Qualification Criteria, January 2022 2026 edition. LSA Document #25-707 Notice of First Public Comment Period: December 10, 2025 Last Hearing Held: January 21, 2026 Approved by Attorney General: June 16, 2026 Approved by Governor: June 16, 2026 Filed with Publisher: June 17, 2026, 9:21 a.m. Documents Incorporated by Reference: None Received by Publisher Small Business Regulatory Coordinator: Barbara Killian, Associate General Counsel, Small Business Regulatory Coordinator, Indiana Professional Licensing Agency, 402 West Washington Street, Room W072, Indianapolis, IN 46204, (317) 489-3444, bkillian@pla.in.gov