AQB Updates

Alert: New Appraisal Education Requirements

Act Now and Make the Criteria Change an Opportunity

Appraisal Education Updates

The Appraiser Qualifications Board (AQB) is making a significant change to the criteria for being a Licensed Residential Appraiser.

Applicants for the Licensed Residential Appraiser classification will need to have successfully completed 30 semester hours of college-level coursework. Please note that all changes will take effect on a national level January 1, 2015.

Did you know?

  • Trainee level appraisers who complete the “Upgrade to Licensed Level” appraisal course and take the exam before the end of 2014 will be grandfathered in without being required to have the college coursework complete. See the new criteria details here.
  • The cost of the upgrade package from Career Webschool is under $800. The average cost of 1 year of college (30 hours) at a standard state institution in the U.S. is more than $8,000.

Take Advantage of the Criteria Change

If you’ve been considering advancing your career by upgrading your license, now is really the perfect time to make that decision.

Act now and save up to 90% of the cost of going to college to meet the education requirement—plus avoid the application process and having to spend your evenings and/or weekends for the remainder of 2014 in a classroom.**

And don’t forget: as a Licensed Level Appraiser, you will have a greater potential to earn more income!

Make the smart move. Upgrade your license today.

Levels of Appraisal Classifications Current Education Criteria Education Requirements as of 01/01/2015
Trainee Appraiser None None
Licensed Residential Appraiser None 30 semester hours of college-level coursework
Certified Residential Appraiser 21 semester hours of specific coursework OR a minimum of an Associate's degree Bachelor's degree from an accredited institution
Certified General Appraiser 30 semester hours of specific coursework OR a minimum of an Associate's degree Bachelor's degree from an accredited institution

Frequently Asked Questions

1. What does the "Upgrade to Licensed Level Package" contain?

Covers the required 75 hours to move up from Trainee level to Licensed Residential Appraiser.

It includes:
1. Residential Sales Comparison and Income Approach
2. Residential Market Analysis and Highest and Best Use
3. Residential Appraiser Site Valuation and Cost Approach
4. Residential Report Writing and Case Studies

2. What is a Licensed Real Property Appraiser?

Someone who is qualified to appraise non-complex one to four units having a transaction value less than $1,000,000 and complex one to four residential units having a transaction value less than $250,000. This classification does not include the appraisal of subdivisions.

3. What are the current qualifications required for applying to be a Licensed Real Property Appraiser?

To be eligible to apply for a state licensed appraiser you must:
1. Be a citizen of the United States or a lawfully admitted alien.
2. Be eighteen (18) years of age or older.
3. Provide 2000 hours of acceptable and verifiable appraisal experience acquired over a minimum of 12 months.
4. Satisfy the board as to the applicants honesty, trustworthiness, and integrity.

4. Does this only affect some states?

No. This is a national AQB initiative. Please do check with you state, however, as some have more stringent requirements than the AQB.

5. Can I get an extension after 12/31/2014?

No. This is the absolute dropdead date to be grandfathered in without the new 30 hour college-level education requirement.

6. What happens if I do not complete and submit my package by 12/31/2014?

If you do not complete and submit your package by 12/31/2014, then you will be subject to the new education requirement in the AQB Criteria change that takes effect on 01/01/2015.