The information contained below is designed to provide a summary of the minimum education, experience and examination requirements established by the Kentucky Real Estate Appraisers Board .
The information can be found in the Board’s website. However, we recommend that you contact the Appraisal Board for more detailed information.
Levels of Licensure
- Associate Real Property Appraiser
- Licensed Real Property Appraiser
- Certified Residential Real Property Appraiser
- Certified General Real Property Appraiser
Licensure Requirements:
- Must be at least 18 years of age
- Have a high school diploma or its equivalent
- Submit proof of completion of the educational requirements for each level of licensure
- Submit proof of completion of the experience requirements for each level of licensure
- For Licensed Real Property Appraisers AND Certified Residential level: Provide proof of satisfactory completion of either a 2 year associates degree or higher, OR a total of 21 semester hours consisting of: English Composition; Principles of Economics, (either Macro or Micro); Finance; Algebra; Geometry or higher mathematics; Statistics; Computer Science; and either Business Law or Real Estate Law
- For Certified General level: Provide proof of satisfactory completion of either a 4 year bachelors degree or higher, OR a total of 30 semester hours consisting of: English Composition; Micro Economics, Macro Economics; Finance; Algebra; Geometry or higher mathematics; Statistics; Computer Science; and either Business Law or Real Estate Law. Also must include any 2 or the following courses: Accounting; Geography; Agricultural Economics; Business Management. Or Real Estate
- Submit application, required documents (including criminal background check), and associated fees
- Pass the state examination (Associate Appraisers are not required to take a state exam)
Education Requirements:
On February 20, 2004, the Appraiser Qualifications Board of The Appraisal Foundation adopted changes to the Real Property Appraiser Qualification Criteria that went into effect on January 1, 2008. These changes represent the minimum national requirements that each state must implement for individuals applying for a real estate appraiser license or certification as of January 1, 2008. The Real Property Appraiser Qualification Criteria and Interpretations of the Criteria provides in depth information on the new criteria and may be accessed by clicking the hyperlink or is available on The Appraisal Foundation website. The educational hour requirements for KY are:
- 90 hours for the Associate Real Property Appraiser which consist of the following courses:
- Basic Appraisal Principles (30 hours)
- Basic Appraisal Procedures (30 hours)
- Basic Income Approach (15 hours)
- The 15 Hour National USPAP course or its equivalent (15 hours)
- 195 hours for the Licensed Real Property Appraiser which consist of the same 90 hours for Associate Appraisers AND:
- Residential Market Analysis and Highest & Best Use (15 hours)
- Residential Appraiser Site Valuation & Cost Approach (15 hours)
- Residential Report Writing and Case Studies (15 hours)
- Residential Sales Comparison & Income Approach (30 hours)
- Statistics, Modeling, and Finance (15 hours)
- Advanced Residential Applications and Case Studies (15 hours)
- 200 hours for the Certified Residential Real Property Appraiser
- 300 hours for Certified General Real Property Appraiser
Experience Requirements:
- Registered Real Property Appraiser - No experience required
- Licensed Real Property Appraiser - 2,500 hours in no less than 24 months
- Certified Residential Real Property Appraiser - 2500 hours in no less than 24 months
- Certified General Real Property Appraiser - 3000 hours in no less than 30 months with at least 1500 hours of experience in non-residential appraisals
Continuing Education:
- The renewal cycle for all appraisers is July 1st to June 30th each year.
- All licensees must complete 14 hours of continuing education each year
- The 7 hour USPAP Update course must be taken once every other year of the renewal cycle.