Licensing

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Licensing Requirements
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Real Estate Appraiser Trainee
 

Real estate appraiser trainee means any person who has been issued a license by the board to appraise properties under the supervision of a licensed general real estate appraiser or residential real estate appraiser.

Education Criteria - Seventy-Five (75) hours of academic instruction, which includes 30 hours in Appraisal Principles, 30 hours in Appraisal Practice and 15 hours of instruction on the mandatory course, National Uniform Standards of Professional Appraisal Practice (USPAP).

Certified General Appraiser  

General certified real estate appraiser means a person who holds a current, valid license issued to him by the board for appraisal of all types of real estate regardless of complexity or transaction value.

Education Criteria - 300 hours of AQB required Core Curriculum courses as listed here AND a Bachelors Degree or higher from an accredited college or university.

Experience Criteria - A minimum of 3000 hours of appraisal experience in no fewer than 30 months is required. The maximum allowable credit that shall be applied toward the experience requirement in a 12-month period is 1000 hours.

Examination Criteria - The education and experience review for a license as a General Certified Real Estate Appraiser must be satisfied prior to submission of the application for testing. Candidates must successfully complete the General 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



Certified Residential Appraiser  

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 two hundred fifty thousand dollars 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 2500 hours of appraisal experience in no fewer than 24 months is required. The maximum allowable credit that shall be applied toward the experience requirement in a 12-month period is 1250 hours.

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.