CRA License Requirements

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Residential certified real estate appraiser means any person who holds a current, valid license issued by the board to appraise one to four residential units, without regard to transaction value or complexity, and perform appraisals of other types of real estate having a transaction value of $250,000 or less. This includes the appraisal of vacant or unimproved land that is utilized for one to four family residential units.

Education Criteria - 200 hours of AQB required Core Curriculum courses as listed here AND Bachelor’s degree or higher (in any field) from an accredited college or university.

Experience Criteria - A minimum of 1,500 hours of appraisal experience in no fewer than 12 months is required.

Examination Criteria - The education and experience review for a license as a Residential Certified Real Estate Appraiser must be satisfied prior to submission of the application for testing. Candidates must successfully complete the Residential Certified Appraiser Examination with a passing score of 75%. Click on the following link to register, with PSI, for the exam: http://www.psiexams.com.