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Appraisal Answers: What are The Different Levels of Appraiser?
Real Answers to Real Student Questions
Level 1 Appraisal Trainee:
This level can also be referred to as Registered Appraiser, Apprentice Appraiser or Beginning Appraiser and is the beginning level for a career in appraisal.
To "qualify" to become an Appraisal Trainee, a person must meet the following requirements:
Education: 75 hours of state-approved coursework.
Basic Appraisal Principles (30 hours)
Basic Appraisal Procedures (30 hours)
USPAP (15 hours)
Experience: There is no prerequisite experience at this level
Supervision: As an Appraisal Trainee, you must be under the direct supervision of a Certified Appraiser at all times and complete a mandatory trainee/supervisor course before logging experience hours. Click here to help find a Certified Appraiser.
Ready to become an Appraisal Trainee? To see the list of states for which Career WebSchool offers qualifying appraisal education, click here.
Level 2 Licensed Residential Appraiser:
This level can also be referred to as Licensed Appraiser.
To "qualify" to become a Licensed Residential Appraiser, a person must meet the following requirements:
150 hours of state-approved coursework including the 75 hours required to at the Appraisal Trainee level and the following additional courses:
Residential Market Analysis and Highest and Best Use (15 hours)
Residential Appraiser Site Valuation and Cost Approach (15 hours)
Residential Sales Comparison and Income Approaches (30 hours)
Residential Report Writing and Case Studies (15 hours)
30 hours of college-level coursework. This could include an associate degree or higher from an accredited college, junior college, community college, or university.
Experience: You must complete 2,000 hours logged with the supervision of a Certified Appraiser in no less than one year.
Supervision: As a Licensed Residential Appraiser, you are able to perform unsupervised appraisals of non-complex residential properties that are 1 to 4 units, less than $1 million and also complex 1 to 4 unit residential properties whose market value falls below $250K.
License Exam: You must pass an AQB-approved Licensed Residential Real Property Appraiser exam. Your education and experience must be completed before taking the exam.
A bachelor’s degree from an accredited higher education institution.
Experience: You must complete 2,500 hours logged together with the supervision of a Certified Appraiser in no less than two years. Your hours can include the 2,000 hours from the previous level. A majority of states require that the additional 500 hours be more complex appraisal projects.
Supervision: As a Certified Residential Appraiser, you are able to perform unsupervised appraisals of 1 to 4 unit residential properties without previous restrictions.
License Exam: You must pass an AQB-approved Certified Residential Real Property Appraiser exam. Your education and experience must be completed before taking the exam.