(1) Appropriate knowledge of technical terms commonly used in or related to real estate appraising, appraisal 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 chapter;
(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.