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Maine.gov > PFR Home > Professional Licensing > List of Professions > Real Estate Appraisers > Licensed Residential Real Property Appraiser

Licensed Residential Real Property Appraiser

For federally related transactions, a residential real property appraiser license entitles the holder to appraise noncomplex residential property of one to 4 units having a transaction value of less than $1,000,000 and complex residential property of one to 4 units having a transaction value of less than $250,000. For purposes of this section, "complex residential property of one to 4 units" means property that is atypical based on the nature of the property, the form of ownership or the market conditions. For nonfederally related transaction appraisals, "transaction value" means market value. A residential real property appraiser license entitles the holder to appraise vacant or unimproved land that is used for one to 4 family purposes or for which the highest and best use is for one to 4 family purposes. A residential real property appraiser license does not entitle the holder to appraise subdivisions for which a development analysis and appraisal is necessary.

How to apply

Fees
  • Application fee: $ 50.00
  • Examination fee: Set by examination vendor.
  • License fee: $ 400.00
Term
  • Biennial (2 years)
Requirements
  1. Hold a valid license; AND
  2. Complete a cumulative total of two thousand (2,000) hours of experience in no fewer than twelve months (satisfactory to the Board); AND
  3. Complete a cumulative total of 150 hours of Appraiser Qualifications Board approved education, 15 hours of which must be for Uniform Standards of Practice. You also may wish to visit the Appraisal Foundation's executive summary regarding changes to appraiser qualifications; Click HERE and go to Page 3 of the linked document. AND
  4. Pass the National Uniform Licensing and Certification Examination.

Note: Transition Provisions may apply to you. Click here to view information regarding changes to qualifications for licensure. If you have questions about the transition provisions linked above, please Email the Board

NONRESIDENT APPLICANTS AND APPLICANTS WHO HOLD A LICENSE IN ANOTHER STATE

  • An applicant who is licensed in another state may obtain a Maine license upon filing the required application(s) and fees; AND
  • an irrevocable consent that service of process may be filed in a court of this State if necessary; AND
  • verification of licensure in another jurisdiction; AND
  • evidence that the license in the other jurisdiction was issued under qualifications equivalent to those in this State
Apply Now

Application form (PDF)

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Renewal fees and information

Fees
  • Biennial renewal fee is $400.00
Terms
  • Renews biennially on December 31st
Requirements
  • A late fee of $50.00 is assessed for licenses renewed after December 31.
  • An applicant who submits an application for renewal more than 90 days after the license expiration date is subject to all requirements governing new applicants and is required to reapply with original license application, documentation and fees, except that, the Board may, at its discretion, waive the examination requirement for applicants applying for reinstatement within two years of the license expiration date.
  • Renewal reminders are mailed 30 days prior to the license expiration date. It is the licensee's responsibility to keep the board informed of the current license address and/or to see that the license is renewed absent the renewal application.
  • CONTINUING EDUCATION - 28 hours of Appraisal Qualfication Board approved continuing education is required for renewal, 7 hours of which must be for Uniform Standards of Professional Appraisal Practice (USPAP). Continuing education must be completed within the current two-year license term.
Renew Now
  • Fill out the online renewal application and submit.

    The Department must verify that you have met all the conditions for renewal before your license is renewed. Online submission of your renewal application should not be construed as automatic renewal of your license.

 

Last Updated: July 9, 2008