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
Four Categories of Appraisers in Kentucky:
- Provisional Real Property Appraiser (Trainee)
- Licensed Real Property Appraiser
- Certified Residential Real Property Appraiser
- Certified General Real Property Appraiser
License and Certification Requirements
- Present evidence of completion of the educational requirements within a two year period immediately preceding the application date.
- Submit evidence on forms satisfactory to the Board of completion of the experience requirement.
- Satisfactory completion of the Board examination
- Fill out the state provided application.
Education and Experience Requirements
All candidates for an appraisal license/certification must have at a minimum the following educational classroom hours and experience hours. Credit will not be awarded twice for completing the same course or essentially the same.
Associate Appraiser:
- Education
75 hours (48 hours of Basic appraisal courses - must include 15 hours of Basic Income / 15 hours of Standards of Professional Practice / 12 hours of Elective hours - real estate or appraisal related). - Experience
Must work under Supervision of Certified or Licensed Appraiser. Associate applicants must submit letter or verification from supervisor.
Licensed Real Property Appraiser:
- Education
90 hours (63 hours of Basic appraisal courses - must include 15 hours of Basic Income / 15 hours of Standards of Professional Practice / 12 hours of Elective hours - real estate or appraisal related). - Experience
2,000 hours and 2 years (Log and Work Sample required
Certified Residential Real Property Appraiser:
- Education
120 hours (90 hours of Basic appraisal courses - must include 15 hours of Basic Income / 15 hours of Standards of Professional Practice / 15 hours of Elective hours - real estate or appraisal related). - Experience
2,500 hours and 2 years (Log and Work Sample required
Certified General Real Property Appraiser:
- Education
180 hours (111 hours of Basic appraisal courses - must include 15 hours of Basic Income / 30 hours of Standards of Professional Practice / 24 hours of Elective hours real estate or appraisal related). - Experience
3,000 hours and 2 ½ years (Log and Work Sample required - and 50% MUST be non-Residential)
Future Education Requirements beginning 1/1/08
| Kentucky Credentials (201 KAR 30:030) | Current | Future (1/1/08) |
|---|---|---|
| Associate Real Property Appraiser* | 75 | 90 |
| Licensed Residential Real Property Appraiser | 90 | 195 |
| Certified Residential Real Property Appraiser | 120 | 215 |
| Certified General Real Property Appraiser | 180 | 300 |
* Please contact the KREAB regarding this requirement before enrolling in the education classes for Associate Real Property Appraiser (Trainee) education).
* Beginning January 1, 2008 the following will be the education requirements for each level:
- Certified General - 300 hours and Bachelor Degree or 30-Semester College Hours
- Certified Residential - 215 hours and Associate Degree or 21-Semester College Hours
- Licensed - 195-hours and Associate Degree or 21-Semester College Hours
- Associate - 90-hours
Continuing Education Requirements:
All Kentucky licensed/certified appraisers must complete a total of 14 hours of continuing education by June 30th of each year.
All Kentucky licensed/certified appraisers must complete a 7 hour National USPAP Update course every 2 years.
License Renewal
Licenses expire on the third year from the initial date of licensure or certification. Renewals are for a three year period.