2008 EDUCATIONAL REQUIREMENTS

Trainee License & Residential License

150 hours of education

Qualifying Education hours must include instruction in the following modules:

30 hours Basic Appraisal Principles
30 hours Basic Appraisal Procedures
15 hours The 15-hour National USPAP Course
15 hours Residential Market Analysis and Highest and Best Use
15 hours Residential Appraiser Site Valuation and Cost Approach
30 hours Residential Sales Comparison and Income Approaches
15 hours Residential Report Writing and Case Studies

Note: Course work for the Trainee License cannot be taken more than 5 years prior to the application date.

Certified Residential License

200 hours of education and an Associate Degree from a Regionally Accredited College.

Qualifying Education hours must include instruction in the following modules:

30 hours Basic Appraisal Principles
30 hours Basic Appraisal Procedures
15 hours The 15-hour National USPAP Course
15 hours Residential Market Analysis and Highest and Best Use
15 hours Residential Appraiser Site Valuation and Cost Approach
30 hours Residential Sales Comparison and Income Approaches
15 hours Residential Report Writing and Case Studies
15 hours Statistics, Modeling and Finance
15 hours Advanced Residential Applications and Case Studies
20 hours Appraisal Subject Matter Electives. May include hours over the minimum requirement in the above modules or in modules not listed above.

* In lieu of the Associate Degree, an applicant can complete 21 college semester credits in courses covering specific subject matters: English Composition; Principles of Economics (Micro or Macro); Finance; Algebra, Geometry or higher mathematics; Statistics; Introduction to Computers; and Business or Real Estate Law.

Certified General License

300 hours of education and a Bachelors Degree from a Regionally Accredited College or University.

Qualifying Education hours must include instruction in the following modules:

30 hours Basic Appraisal Principles
30 hours Basic Appraisal Procedures
15 hours The 15-hour National USPAP Course
30 hours General Appraiser Market Analysis and Highest and Best Use
15 hours Statistics, Modeling and Finance
30 hours General Appraiser Sales Comparison Approach
30 hours General Appraiser Site Valuation and Cost Approach
60 hours General Appraiser Income Approach
30 hours General Appraiser Report Writing and Case Studies
30 hours Appraisal Subject Matter Electives. May include hours over the minimum requirement in the above modules or in modules not listed above.

** In lieu of the Bachelors Degree, an applicant can complete 30 college semester credits in courses covering specific subject matters: English Composition; Micro Economics; Macro Economics; Finance; Algebra, Geometry or higher mathematics; Statistics; Introduction to Computers; and Business or Real Estate Law; and two elective courses in accounting, geography, ag-economics, business management, or real estate.

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