How to Become an Appraiser . . .

Certified Residential Real Estate Appraiser – License Requirements

College Level

Applicants for the Certified Residential credential must hold a Bachelor’s Degree, or higher, from an accredited college or university. An Associates Degree in certain fields of study is also acceptable (Business Administration, Accounting, Finance, Economics, or Real Estate). There are actually six options for satisfying the college requirement. To learn about the six options, click the link: AQB Qualifications Criteria 2018.

Qualifying Education – specialized appraisal courses

The prerequisite for application for a license is 200 hours of qualifying education (QE). A final exam must be passed when a course is completed.

The required courses are:

  • Basic Appraisal Principles – This is a 30 hour credit course. It provides an introduction to real estate concepts and characteristics, legal aspects of property, influences on real estate values, types of value, economic principles and real estate markets.
  • Basic Appraisal Procedures – Also a 30 hour credit course. It covers the process of completing an appraisal, particularly the three approaches to valuing real estate, plus how to report the results of an appraisal.
  • 15-Hour National USPAP – The Uniform Standards of Professional Appraisal Practice course. It focuses on the requirements for ethical behavior and competent performance by appraisers. USPAP requirements are incorporated into state licensing law, which makes the standards a legal obligation for all appraisers.
  • Statistics, Modeling and Finance – 15 hours QE credit
  • Advanced Residential Applications and Case Studies – 15 hours QE credit
  • Appraisal Subject Matter Electives – 20 hours QE credit

 

Qualifying Experience

The CertifiedResidential Appraiser applicant must complete fifteen hundred (1,500) hours of qualifying experience obtained in no fewer than twelve (12) months.

Examination

Successful completion of the AQB-approved CertifiedResidential Real Property Appraiser examination.

Other license classifications: