Nevada Revised Statutes 361.223 – Continuing education: Annual training requirement; waiver
1. Except as otherwise provided in this section, every person who holds an appraiser’s certificate must complete in each fiscal year at least 36 contact hours of appropriate training conducted or approved by the Department. College or university courses may be substituted upon approval by the Appraiser Certification Board of an application submitted to the Department for such substitution.
Terms Used In Nevada Revised Statutes 361.223
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. Any approved hours of training accumulated in any 1 fiscal year in excess of the 36 contact hour minimum must be carried forward and applied against the training requirements for the following 3 years.
3. The annual training requirement must be waived for any person:
(a) Attaining a professional designation or certification recognized by the Appraiser Certification Board; or
(b) Accumulating 180 contact hours of accepted training. Such persons must complete 36 contact hours during every 3-year period thereafter.