Real Estate Appraisal

LISORE offers Classroom Education Courses for Real Estate Appraisal Apprentice, and online course from both State Exam test preperation and Appraisal Continuing Education.

General Information about Appraisal Careers

3,000 hours of experience over a period of no less than 30 months is required. General experience must contain experience in multi-family, commercial/industrial, or other (land/manufacturing/institutional).

What are the licensure/certification requirements?

There are three basic requirements for a license/certification:

1.    Education is required of all applicants and is based on the category of license/certification for which you are applying.

2.    A written examination is required.

3.    Experience is required of all applicants and is based on the category of license/certification for which you are applying. Applicants not meeting the experience requirements may be eligible for an appraiser assistant license.

What are the categories of licensure/certification, related fees, and terms of licensure?

State Licensed Real Estate Appraiser

$325*

2 years

State Certified Residential Real Estate Appraiser

$325*

2 years

State Certified General Real Estate Appraiser

$325*

2 years

State Licensed Real Estate Appraiser Assistant

$275**

2 years

What are the educational requirements?

Licensed Real Estate Appraiser/Appraiser Assistant ---No College Required

Certified Residential Appraiser ---  Associate Degree or 21 semester hours in specific courses

Certified General Appraiser   ---   Bachelors Degree or 30 semester hours in specific courses

What are the schooling requirements?

 Licensed Real Estate Appraiser/Appraiser Assistant (150 hours)

Basic Appraisal Principles R5 30 hours
Basic Appraisal Procedures R6 30 hours
Residential Market Analysis And Highest And Best Use R7 15 hours
Residential Appraiser Site Valuation And Cost Approach R8 15 hours
Residential Sales Comparison And Income Approach R9 30 hours
Residential Report Writing And Case Studies R10 15 hours
National USPAP(or its equivalent) 15 hours

State Certified Residential Appraiser

ALL COURSES FOR LICENSED REAL ESTATE APPRAISER PLUS
Advanced Residential Applications And Case Studies R11 15 hours
Statistics Modeling And Finance (SMF) 15 hours
One of the following 20 hour Residential Elective courses:
Introduction To Residential Income Properties RE1 20 hours
OR
Fair Housing Fair Lending And Environmental Issues RE2 20 hours

State Certified General Appraiser

Basic Appraisal Principles R5 30 hours
Basic Appraisal Procedures R6 30 hours
General Market Analysis And Highest And Best Use G4 30 hours
General Appraiser Sales Comparison Approach G5 30 hours
General Appraiser Site Valuation And Cost approach G6 30 hours
General Appraiser Income Approach G7 60 hours
General Appraiser Report Writing And Case Studies G8 30 hours
Statistics Modeling And Finance (SMF) 15 hours
National USPAP(or its equivalent) 15 hours
Fair Housing Fair Lending And Environmental Issues GE1 15 hours
One of the following 15 hour General Elective courses:
Specialty Appraisals GE2 15 hours  OR  Using The HP12C Financial Calculator GE3 15 hours

What are the experience requirements?

State Licensed Real Estate Appraiser
2,000 hours of experience over a period of no less than 24 months is required

State Certified Residential Appraiser
2,500 hours of experience over a period of no less than 24 months is required.  Residential experience must contain experience in single family, two-four family, AND other residential experience (vacant lot/farm).

State Certified General Appraiser