Sec. 8. 32 MRSA §14036 is enacted to read:

§14036.__Certified residential real property appraiser

1.__Scope of license.__A certified residential real property appraiser license entitles the holder to appraise residential real estate or real property of one to 4 residential units, without regard to value or complexity and to appraise vacant or unimproved land that is to be used for one to 4 family units or for which the highest and best use is for one to 4 family units.__ A certified residential real property appraiser license does not entitle the holder to appraise subdivisions for which a development analysis and appraisal is necessary.

2.__Professional qualifications.__An applicant for a certified residential real property appraiser license must meet the licensing requirements approved by the appraiser qualifications board.__Each applicant must:

A.__Hold an associate's or higher degree from an accredited college or university or have successfully passed 21 semester credit hours in the following collegiate level subject matter courses from an accredited college, junior college, community college or university:

(1)__English composition;

(2)__Principles of microeconomics or macroeconomics;

(3)__Finance;

(4)__Algebra, geometry or higher mathematics;

(5)__Statistics;

(6)__Introduction to computers, word processing and spreadsheets; and

(7)__Business or real estate law.

An applicant may receive credit as for a college course for an exam taken through a college-level examination program if a college or university accredited by a commission on colleges, a regional or national accreditation association or an accrediting agency that is recognized by the United States Secretary of Education accepts the exam and issues a transcript showing its approval;