A residential certified real estate appraiser means any person who holds a current, valid license issued by the board to appraise one to four residential units, without regard to transaction value or complexity, and perform appraisals of other types of real estate having a transaction value of two hundred fifty thousand dollars or less. This includes the appraisal of vacant or unimproved land that is utilized for one to four family residential units.
CERTIFIED RESIDENTIAL APPRAISER REQUIREMENTS:
- 200 hours of approved education including the AQB’s core curriculum & a bachelor’s degree or higher from an accredited college or university
- A minimum of 2500 hours of appraisal experience in no fewer than 24 months is required. The maximum allowable credit that shall be applied toward the experience requirement in a 12 month period is 1250 hours.
- The education and experience review must first be completed prior to submitting an application for testing. Candidates must successfully complete the Residential Certified Appraiser Examination with a passing score of 75%