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: $ 30.00
  • Examination fee: Set by examination vendor.
  • License fee: $ 380.00
  • Criminal records check: $21.00
Term
  • Annual
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 specific education, 15 hours of which must be for Uniform Standards of Practice; AND
  4. Pass the National Uniform Licensing and Certification Examination.

AQB Core Curriculum

NONRESIDENT APPLICANTS AND APPLICANTS WHO HOLD A LICENSE IN ANOTHER STATE

  • An applicant who is licensed in another state may obtain a license by:
    • filing a complete application
    • paying the required fees
    • submitting a verification of licensure from another jurisdiction
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Renewal fees and information

Fees
  • Annual renewal fee is $380.00
Terms
  • Renews annually 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: 14 hours of Appraiser Qualifications Board approved continuing education is required for renewal which must be completed within the current license term. The 7-hour Uniform Standards of Professional Appraisal Practice (USPAP) must be completed in the even year as part of the 14-hour requirement.
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  • 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: March 5, 2014