Judy Biggert Fund Raiser & Chapter Dinner Meeting 1/26/2012

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Starting Your Appraisal Career

To become a real property appraiser, you will need to obtain education and experience, and pass a state-administered licensing or certification exam.

"How to Become an Appraiser" Podcast - Download this free podcast for a great overview on becoming an appraiser. Click here to listen

Education

The Appraiser Qualifications Board (AQB) set new minimum education criteria that became effective in all states on January 1, 2008. The new criterion includes an increase in the minimum number of hours required to become licensed or certified, and specifies specific topic areas to be covered by these courses. Also, the criterion includes more in-depth topic coverage and increase in hours. There will also be a new uniform state licensing/certification examination, and a college degree requirement for the certified levels. If you are just beginning your education, or were unable to complete your licensing or re-licensing education prior to January 1, 2008, you fall under the new education criteria.

Current & Past Required Minimum Appraisal Education Hours
  Current
(Starting 1/1/08)		 Past
(Prior to 1/1/08)
Appraiser Trainee 75 75
Licensed Residential Real Property Appraiser 150 90
Certified Residential Real Property Appraiser 200 120
Certified General Real Property Appraiser 300 180

The Appraisal Institute has created several Education Packages to help you meet your state requirements.

Please note: These are minimum criteria; states have the option requiring more hours than listed. It is imperative that you understand your state requirements. Many states may require more than the minimum required hours. Check with your state agency for details.

Experience

Trainees looking for a supervisory appraiser should note that effective January 1, 2008, a supervising appraiser must be either a certified residential or certified general appraiser in good standing and not subject to any disciplinary action within the last two years that affect the supervising appraiser's legal eligibility to practice appraisal.

The AQB has set the following minimum criteria for experience:

Level Hours of Experience Required
Trainee Subject to direct supervision by a supervising appraiser who is certified in good standing
Licensed Residential 2,000 hours (effective 1/1/08, these hours must be obtained in no fewer than 12 months)
Certified Residential 2,500 hours in no fewer than 24 months
Certified General 3,000 hours in no fewer than 30 months


State Examination

Appraisal Institute courses do an excellent job to prepare you to pass state examinations to become licensed or certified. Our courses reinforce real estate appraisal theory and concepts by presenting and applying them to real-world problems and case studies. To schedule a state examination, please contact your state regulatory agency for details.

How can the Appraisal Institute help further your career?

Join the Appraisal Institute

To start, you would become an associate member. As an associate member of the Appraisal Institute, you demonstrate to your clients that you are educating yourself beyond the level necessary for state certification—you are on your way to reaching the pinnacle of the valuation profession: attaining the Appraisal Institute's MAI or SRA designation.

Benefits of becoming a member include:
  • Discounts on education
  • Savings of 20% on all new books from the world’s largest publisher of appraisal literature-the Appraisal Institute
  • Free subscriptions to The Appraisal Journal and Valuation Insights & Perspectives
  • Special/discounted rates on professional liability (E&O) insurance, MBNA credit cards and Avis Rent-A-Car
  • Premier research services through the Lum Library
  • And many more!
Join an Appraisal Institute Chapter. Benefits of joining a chapter include:
  • Networking
  • Chapter meetings
  • Local public relations and government relations
  • Chapter leadership opportunities