Appraisal

1. Be an active Licensed Appraiser in good standing.
2. Take the additional 50 hours of approved education (for a total of 206 non-duplicative hours) from our list of approved qualifying education providers and courses. Required qualifying education courses are:
   • Advanced Residential Applications and Case Studies - 15 hrs
   • Statistics Modeling and Finance - 15 hrs
   • Appraisal Subject Matter Electives - 15 hrs (This can be any approved qualifying education course that has not been used towards licensing previously. Course approval numbers start with an AQ)
3. Complete one of the following college requirement options:
   • Bachelor’s Degree, from an accredited college, in any field of study
   • Associates Degree, from an accredited college, in a Focused Field of Study (Business Administration; Accounting; Finance; Economics; or Real Estate)
   • Successful Completion of 30 College Semester Credit Hours in ten, 3 semester hour courses, including: English Composition, Microeconomics, Macroeconomics, Finance, Algebra, Geometry, or Higher Mathematics, Statistics, Computer Science, Business or Real Estate Law, and two elective courses in: Accounting, Geography, Agricultural Economics, Business Management, or Real Estate
   • Successful Completion of College Level Examination Program (CLEP) Exams Equivalent to 30 Semester Hours including: College Algebra, College Composition, College Composition Modular, College Mathematics, Principles of Macroeconomics, Principles of Microeconomics, Introductory Business Law, and Computer Science
   • Any Combination of options #3 and #4 above That Includes All of The Topics Identified
   • Experience "Opt Out" of College Requirements ONLY for Current Licensed Appraisers if licensed for five (5) years. (No Disciplinary Action Affecting the License within five (5) years)
4. Accumulate an additional 500 experience hours after becoming a Licensed Appraiser (for a total of 1500 experience hours) and have a minimum of 12 months work experience (six months after becoming Licensed Appraiser). Mass appraisers must have minimum of 24 months of work experience (twelve months after becoming Licensed Appraiser). Document experience on the following forms:
   • Fee-Certified Residential Experience Log (INSTRUCTIONS )
   • Mass-Certified Residential Experience Log (INSTRUCTIONS )
     Use these Experience Appendices Rules to determine the allowed number of hours for each completed appraisal.
     Note: At least 1125 experience hours must be residential.
   • Or proof of completion of a Certified Residential Appraiser PAREA module
5. Apply to sit for the Certified Residential Appraiser exam by submitting to the Division the following items along with the checklist :
   • Completed and signed Appraiser Application , including Certification of Legal Presence .
   • Completed and signed Appraiser Education Log .
   • Official, original college transcript (Unless Licensed Appraiser for 5 years).
   • Completed and signed Appraiser Experience Log as indicated above.
   • $350 non-refundable fee.
   • Fee Appraisers
     After your application has been reviewed, the Division will request, via email, 4 sample appraisals from your experience log. In addition to true copies of these appraisal reports the candidate must provide copies of the complete work file, which includes (but is not limited to) a verification source for each comparable that has been used; e.g., a copy of the MLS printout (if that is the source), a copy of the closing statement (or some other public record), and colored photos of the subject and all comparable.
     Mass Appraisers
     At the time of application, Certified Residential Appraiser applicants whose experience is earned primarily through mass appraisal shall submit proof of having performed at least 110 hours of residential appraisals conforming USPAP Standards 1 and 2; and including two of each of the following property types:
     • vacant residential or agricultural land;
     • two- to four-unit dwelling;
     • single-family unit; and
     • complex one to four unit residential dewllings;
       
       In addition to true copies of these appraisal reports the candidate must provide copies of the complete work file, which includes (but is not limited to) a verification source for each comparable that has been used; e.g., a copy of the MLS printout (if that is the source), a copy of the closing statement (or some other public record), and colored photos of the subject and all comparables.
       Please note that the confidentiality section of USPAP authorizes the disclosure of confidential information to state enforcement agencies. The reports you submit must not be altered in any way from the original format as submitted to your clients. Each appraisal must be signed by appropriate parties.
6. Upon receipt of written approval from the Appraisal Board, take and pass the Certified Residential Appraiser exam.
7. After completing the exam, submit to the Division:
   • Completed and signed documentation of successfully passing the exam (issued at the testing center).
   • $125 non-refundable fee ($80 National Registry Fee and $40 Fingerprint Processing Fee and $5 Rap back fee)

Note: Incomplete applications will be returned to the applicant.

Note: Certified Residential Appraisers may appraiser 1-4 residential units of any value or complexity but may not appraise subdivisions for which a development analysis/appraisal is necessary.