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SUMMARY OF LICENSES

 

APPRENTICE

Education: 150 Hours of Core Curriculum Courses as outlined in the Course Tracking Worksheet.

Experience:  None

Examinations: State Exam within 10 days of receiving permit.

Scope of Practice:  Any property the supervising appraiser is permitted to appraise.

LICENSED RESIDENTIAL

Education: 150 Hours of Core Curriculum Courses as outlined in the Course Tracking Worksheet.

Experience:  2,000 hours of acceptable appraisal experience over a period of not less than 12 months.

Examinations:  State and National Examinations.

Scope of Practice:  Any complex residential real estate of 1-4 units having a value of less than $250,000; non-complex real estate having a value of less than $1,000,000; and non-residential real estate having a value of less than $100,000.

CERTIFIED RESIDENTIAL

Education:  200 Hours of Core Curriculum Courses as outline in the Course Tracking Worksheet, and

Associate Degree or higher in any field of study.  In lieu of the required degree, 21 semester credit hours covering the following subject matter courses:  English Composition;  Principles of Economics (Micro or Macro); Finance; Algebra, Geometry or higher mathematics; Statistics; Computer Science; and Business or Real Estate Law.

Experience: 2,500 hours of acceptable appraisal experience over a period of not less than 24 months.

Examinations:  State and National Examinations.

Scope of Practice:  All residential real estate of 1-4 units without regard to value or complexity; non-residential real estate having a value of less than $100,000.

CERTIFIED GENERAL

Education:  300 Hours of Core Curriculum Courses as outlined in the Course Tracking Worksheet, and

Bachelors Degree or higher in any field of study.  In lieu of the required degree, 30 semester credit hours covering the following subject matter courses:  English Composition; Micro Economics; Macro Economics; Finance; Algebra, Geometry or higher mathematics; Statistics; Computer Science; Business or Real Estate Law; and 2 elective courses in accounting, geography, ag-economics, business management or real estate.

Experience:  3,000 hours of acceptable appraisal experience over a period of not less than 30 months.

Examinations:  State and National Examinations.

Scope of Practice:  All real estate without regard to value or complexity.

Hours required for Qualifying Education must be in-classroom; they cannot be taken using home study, correspondence or Internet.

Hours required for qualifying educaton must include specific coverage of multiple topics.  Qualifying education must include specific coverage of multiple topies.  Please see the Course Tracking Worksheet for details.

Please note that individual states may adopt requirements more stringent than the above.  Applicants for a real estate appraiser license or certification should always check with each state for individual requirements.

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