The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Alaska Board of Certified Real Estate Appraisers.
The information provided below can be found on the Board’s website. However, we recommend you contact the Real Estate Appraisal Board for more detailed information and for any changes which may have occurred in the Administrative Code.
Licensing
There are four levels of real estate appraiser licensing. They are:
- Registered Trainee
- General Real Estate Appraiser
- Residential Real Estate Appraiser
- Institutional Real Estate Appraiser (see note below)
NOTE: The Institutional Real Estate Appraiser is an appraiser who is employed full-time by a financial institution with offices in the state. The certificate to practice as Certified Real Estate Appraiser terminates when the person certified leaves the full-time employment of a financial institution. An institutional appraiser may not perform real estate appraisal services for the general public or for a fee other than the salary the person receives as a full-time employee of a financial institution. The Institutional Appraiser must show proof of meeting the educational requirements of 180 hours and submit an application with work verification.
Education:
Each level must successfully complete the specified hours of approved real estate appraisal courses for each level of licensure, which includes at least 15 hours on the Uniform Standards of Professional Appraisal Practice (USPAP). The specified hours are:
75 hours for the Registered Trainee classification. 120 hours for the Residential Real Estate Appraiser classification. The classroom hours required for the certified residential appraiser may include classroom hours required for the appraiser trainee. 180 hours for the General Real Estate Appraiser classification. The classroom hours required for the certified general appraiser may include the classroom hours required for the certified residential appraiser and appraiser trainee.
Experience:
Applicants shall list their appraisal experience on the application provided by the Board.
- There is no experience requirement for a Registered Trainee. Trainees must work under the direct supervision of an appraiser who is licensed in good standing as a certified appraiser.
- Applicants for a Residential Real Estate Appraiser certificate shall have a minimum of 2,500 hours of experience within 24 months.
- Applicants for a General Real Estate Appraiser certificate shall have a minimum if 3,000 hours of experience within 30 months. At least 1,500 hours of the appraisal work must be in nonresidential appraisal work.
Continuing Education Requirements:
At the time of certificate renewal, an applicant for renewal who has been certified for 24 months or more must provide documentation of satisfactory completion of 28 hours of continuing education. If the applicant has been licensed for 12 months or more, but less than 24 months, he/she must provide documentation of satisfactory completion of 14 hours of continuing education.
Certificate Renewal:
All certificates expire on June 30 of odd-numbered years, regardless of when issued, except certificates issued within 90 days of the expiration date will be issued through the next biennium.
To Be Eligible for Licensure/Certification, a person must:
- Complete and notarized application.
- Payment of the required fees.
- Documentation of successful completion of 180 hours of education that meet the requirements in 12 AAC 70.140.
- Documentation must be official transcripts, notarized copies of certificates of completion, or other evidence of course completion acceptable to the board.
- Documentation of the required hours of appraisal work. To document this experience, submit three work experience forms to be completed by persons indicated on the form. Also submit the completed work verification log documenting your appraisal work.
- Certified true copy of examination results as proof of successful completion of an Appraiser Qualifications Board endorsed Uniform State Certification/Licensing Examination. The Alaska Board of Certified Real Estate Appraisers currently utilizes as its testing agent Assessment Systems, Inc. (ASI).