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!

License Category: 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
Current Experience Hours	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
Current Specific Appraisal Education	150 hours of Specific Appraisal education
Current College Education	None
College Education 1/1/2015	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)
License Category: Certified Residential	- applies to the appraisal of one to four residential units without regard to transaction value or complexity
Current Experience Hours	2500 Hrs In no less than 24 months
Current Specific Appraisal Education	200 hours of Specific Appraisal education
Current College Education	21 semester credit hours in specified collegiate subject matter courses from an accredited college or university OR an Associate’s degree or higher
College Education 1/1/2015	Bachelor’s degree or higher (in any field) from an accredited college or university
License Category: Certified General	- a certified general appraiser may perform appraisals for all real property without regard to transaction value or complexity
Current Experience Hours	3000 Hrs in no less than 30 months
Current Specific Appraisal Education	300 hours of Specific Appraisal education
Current College Education	30 semester credit hours in specific collegiate subject matter courses from an accredited college or university OR a Bachelor’s degree or higher
College Education 1/1/2015	Bachelor’s degree or higher (in any field) from an accredited college or university

View upcoming MBREA classes on our Education and Events Calendar, and register today!

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