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Licensing Criteria

Summary of Real Property Appraiser Qualifications:

Appraisal Foundation's Web site for more information.

Click here to read more about upcoming 2015 changes to Real Property Appraiser Qualifications!

 

Category
Current Requirements: Experience Hours

Current Requirements: Specific Appraisal education

Current College-Level Course Requirements

1/1/15 REQUIREMENTS**

Licensed Residential
 
- applies to the appraisal of non-complex one to four residential units having a transaction value less than $1,000,000 and complex one to four residential units having a transaction value less than $250,000.

2000 Hrs
*MA: in no less than 24 months
*VT/RI/ME: in no less than 12 months
*NH: in no less than 18 months
*CT: license category not applicable

150 hours of Specific Appraisal education
None
30 semester credit hours of college-level education from an accredited college, junior college, community college, or university OR an Associate’s degree or higher (in any field).
Certified Residential
 
- applies to the appraisal of one to four residential units without regard to transaction value or complexity.

2500 Hrs
in no less than 24 months

200 hours of Specific Appraisal education
21 semester credit hours in specified collegiate subject matter courses from an accredited college or university OR an Associate’s degree or higher. Bachelor’s degree or higher (in any field) from an accredited college or university. 
Certified General
 
- A certified general appraiser may perform appraisals for all real property without regard to transaction value or complexity.

3000 Hrs
in no less than 30 month

300 hours of Specific Appraisal education
30 semester credit hours in specific collegiate subject matter courses from an accredited college or university OR a Bachelor’s degree or higher. Bachelor’s degree or higher (in any field) from an accredited college or university.

 

Required Core Curriculum:

Trainee:
Basic Appraisal Principles: 30 Hours
Basic Appraisal Procedures: 30 Hours
The 15-Hour National USPAP Course Or Its Equivalent: 15 Hours
Trainee Education Requirements: 75 Hours


Licensed Residential
Basic Appraisal Principles: 30 Hours
Basic Appraisal Procedures: 30 Hours
The 15-Hour National USPAP Course Or Its Equivalent: 15 Hours
Residential Market Analysis And Highest And Best Use: 15 Hours
Residential Appraiser Site Valuation And Cost Approach: 15 Hours
Residential Sales Comparison And Income Approaches: 30 Hours
Residential Report Writing And Case Studies: 15 Hours
Total Licensed Education Requirements: 150 Hours


 

Certified Residential:
Basic Appraisal Principles: 30 Hours
Basic Appraisal Procedures: 30 Hours
The 15-Hour National USPAP Course Or Its Equivalent: 15 Hours
Residential Market Analysis And Highest And Best Use: 15 Hours
Residential Appraiser Site Valuation And Cost Approach: 15 Hours
Residential Sales Comparison And Income Approaches: 30 Hours
Residential Report Writing And Case Studies: 15 Hours
Statistics, Modeling And Finance: 15 Hours
Advanced Residential Applications And Case Studies: 15 Hours
Appraisal Subject Matter Electives: 20 Hours
Total Certified Residential: 200 Hours


 

Certified General:
Basic Appraisal Principles: 30 Hours
Basic Appraisal Procedures: 30 Hours
The 15-Hour National USPAP Course Or Its Equivalent: 15 Hours
General Appraiser Market Analysis And Highest And Best Use: 30 Hours
Statistics, Modeling And Finance: 15 Hours
General Appraiser Sales Comparison Approach: 30 Hours
General Appraiser Site Valuation And Cost Approach: 30 Hours
General Appraiser Income Approach: 60 Hours
General Appraiser Report Writing And Case Studies: 30 Hours
Appraisal Subject Matter Electives: 30 Hours
Total Certified General: 300 Hours

 

Upgrading from Licensed to Certified Residential
Licensed appraisers who are interested in upgrading to certified residential should note that Massachusetts adopted an AQB interpretation concerning the number of hours of appraisal qualifying education required to qualify for the exam. In order to upgrade from licensed appraiser to certified residential in Massachusetts, New Hampshire and Rhode Island, a licensed appraiser needs to complete 50 hours of appraisal qualifying education. The specific courses are:

  • Statistics, Modeling & Finance
  • Advanced Residential Applications & Case Studies
  • Mastering Unique and Complex Property Appraisal for 20 hours

Note: In order to upgrade to certified residential applicants must also meet the college education and experience criteria established by the AQB.



 


 

 
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