Getting an Education
Get approximately 75 hours of basic appraisal education. Before completing your real estate appraiser apprenticeship, you’ll typically need to complete around 75 hours of basic appraisal education. This coursework will focus on appraisal principles and procedures, and offer you an introduction to universal standards of professional appraisal practice.
- Contact the licensing department in your state or jurisdiction that issues professional appraisal licenses to find out about educational requirements for real estate appraisers in your area. They may have this information posted on their website, along with a list of approved schools in your area.
- The exact number of basic appraisal educational hours will vary depending on your local laws and regulations.
- There are many degrees that might fulfill the diploma requirement, including a Bachelor’s of Business, a Bachelor’s of Land and Property Management, or a Bachelor’s of Property.
- These courses will provide instruction regarding report writing, income approaches, sales comparison, statistics, modeling, finance, and case studies.
- Contact your local labor department or real estate licensing authority for information about which degrees and institutions are acceptable for people interested in becoming real estate appraisers.
Focus on your area of specialty. Some educational programs offer additional training in how to evaluate property in rural or urban areas. If you intend to work primarily in a rural or urban setting, enroll in a program that offers appropriate specialty courses to strengthen your skill set and resume.
Getting Your License
- Some of the most common requirements include citizenship in the nation where you wish to practice as a real estate appraiser and a clean criminal background. You’ll also likely need to be at least 18.
Become a trainee appraiser by contacting real estate appraisers. Ask the real estate appraisers if they will accept you as their apprentice. A trainee or apprentice appraiser will get hands-on training from a seasoned real estate appraiser. To find an appraiser who might be able to train you, run a search online for “real estate appraisers” or some similar formulation. Alternately, use your phone book to locate real estate appraisers.
- In some cases, your local licensing authority will connect you with an appraiser.
- You can often begin as an apprentice before beginning your educational requirements, but you won’t be able to complete your apprenticeship and become a licensed real estate appraiser without gaining the requisite education.
- Contact your local real estate licensing authority, labor department, or regulatory board for information about where to obtain the real estate appraiser application.
- State licenses, which allow you to appraise 1-4 family residential units with a value of less than $1,000,000.
- Certified residential appraisal licenses, which allow you to appraise residential units for 1-4 families of any value.
- Certified general property appraisal licenses, which allow you to appraise all types of real estate.
- VA loan appraisal certification, for appraisers who wish to work with the Veterans Affairs Department.
- Application fees range from about $20 USD to $100 USD, depending on where you apply for a license.
- The exam varies from place to place. Even within a single country, the qualifying exam can be highly regional. Generally, however, you’ll be asked questions that test your competence in and knowledge of real estate appraisal techniques, theories, ethics, and best practices.
- There is wide variation regarding the time limits and the number of questions on exams in different locations.
- Consult a review guide and practice tests specific to your area. Your real estate appraisal authority can direct you to helpful resources.
- The precise educational and experiential requirements you’ll need to improve your credentials vary depending on the professional organizations that operate in your area.
- Contact local professional organizations to find out about their certification programs.
- Licenses usually expire after two to five years.
- Consult your real estate appraisal authority for information about how to renew your license.