Appraisal

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1.   State Provisional Licensed Appraiser 

Must associate and work under the direction of a State Certified Appraiser for a minimum of 2 years and maximum of 4 years to complete additional required course hours and to document the minimum required hours of appraisal work. A state test is not required to be licensed as Provisional Appraiser.

Educational Requirements for Provisional Appraiser:

75 hours consisting of the following courses:

·         Basic Appraisal Principles (30 hours)

·         Basic Appraisal Procedures (30 hours)

·         The 15 Hour National USPAP course or its equivalent (15 hours)

·     Effective January 1,2015 Must hold a bachelor’s degree or higher from an accredited college or university. Education and experience must be completed prior to taking an appraisal exam

2.   State Certified Residential Appraiser 

Allows Appraiser to appraise 1 - 4 family residential property.

Educational Requirements for Residential Appraiser:

200 hours total (125 additional over the Provisional) consisting of the following courses:

·         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)

Experience Required for Residential Appraiser:

·     2,500 hours of Appraisal Experience obtained during no fewer then 24 months, Experience documentation in the form of an appraisal log shall be submitted to support the experience claimed.        

·     Applicant shall have obtained the minimum educational requirement of an associate's degree degree from accredited college, university, or institute of higher education.

·   Effective January 1,2015 Must hold a bachelor’s degree or higher from an accredited college or university. Education and experience must be completed prior to taking an appraisal exam. 

3.   State Certified General Appraiser 

Allows Appraiser to appraise all types of Real Estate; residential, commercial and/or industrial property.

Educational Requirements for General Appraiser:

300 hours total (225 additional over the Provisional) consisting of the following courses:

·         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 (30Hours)

·         General Appraiser Income Approach (60 Hours)

·         General Appraiser Report Writing and Case Studies (30 Hours)

·         Appraisal Subject Matter Electives (30 Hours)

Experience Required for General Appraiser:

·     3,000 hours of Appraisal Experience (of which 1,500 hours must be non-residential appraiser work) obtained during no fewer then 30 months, Experience documentation in the form of an appraisal log shall be submitted to support the experience claimed.

·     Applicant shall have obtained the minimum educational requirement of a bachelor's degree from accredited college, university, or institute of higher education.

·  Effective January 1,2015 Must hold a bachelor’s degree or higher from an accredited college or university. Education and experience must be completed prior to taking an appraisal exam.