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: |
- 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 |
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: |
- applies to the appraisal of one to four residential units without regard to transaction value or complexity |
Current Experience Hours |
2500 Hrs |
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: |
- a certified general appraiser may perform appraisals for all real property without regard to transaction value or complexity |
Current Experience Hours |
3000 Hrs |
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