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

What are the Courses:

Appraiser Assistant  - Education:  (154 hours) In this category only:   Qualifying education must be completed within the five year period prior to the date of applicationR-1/2 are not accepted as equivalent for R-5 /6. 
Basic Appraisal Principles (R-5) 30 hours
Basic Appraisal Procedures (R-6) 30 hours
National USPAP 15 hours
Residential Market Analysis and Highest/Best Use (R-7) 15 hours
Residential Appraiser Site Valuation and Cost Approach (R-8) 15 hours
Residential Sales Comparison and Income Approach (R-9) 30 hours
Residential Report Writing and Case Studies (R-10) 15 hours 
Supervisory Appraiser/Trainee Appraiser Course 4 hours

State Licensed Residential Real Estate Appraiser  - Education:  (150 hours) plus Associate's Degree or higher in any field or 30 semester credit hours from an accredited college, junior college, community college or universityIn this category:           R-1 and R-2 are accepted as equivalent to R-5 and R-6
Basic Appraisal Principles (R-5) 30 hours
Basic Appraisal Procedures (R-6) 30 hours
National USPAP 15 hours
Residential Market Analysis and Highest/Best Use (R-7) 15 hours
Residential Appraiser Site Valuation and Cost Approach (R-8) 15 hours
Residential Sales Comparison and Income Approach (R-9) 30 hours
Residential Report Writing and Case Studies (R-10) 15 hours

State Certified Residential Real Estate Appraiser - Education:  (200 hours) plus Bachelor's Degree or higher in any fieldIn this category:           R-1 and R-2 are accepted as equivalent to R-5 and R-6
Basic Appraisal Principles (R-5) 30 hours
Basic Appraisal Procedures (R-6) 30 hours
National USPAP 15 hours
Residential Market Analysis and Highest/best Use (R-7) 15 hours
Residential Appraiser Site Valuation and Cost Approach (R-8) 15 hours
Residential Sales Comparison and Income Approach (R-9) 30 hours
Res. Report Writing and Case Studies (R-10) 15 hours
Statistics, Modeling and Finance (SMF) 15 hours
Advanced Residential Applications and Case Studies (R-11) 15 hours
Introduction to Residential Income Properties (RE-1) 20 hours
OR
Fair Housing, Fair Lending and Environmental Issues (RE-2) 20 hours

State Certified General Real Estate Appraiser   - Education (300 hours) plus Bachelor’s Degree or higher in any fieldIn this category:           R-1 and R-2 are accepted as equivalent to R-5 and R-6
AQ1 is accepted as equivalent for GE-1.
Basic Appraisal Principles (R-5) 30 hours
Basic Appraisal Procedures (R-6) 30 hours
National USPAP 15 hours
Gen. Market Analysis and Highest/best Use (G-4) 30 hours 
Statistics, Modeling and Finance (SMF) 15 hours
General Appraiser Sales Comparison Approach (G-5) 30 hours
General Appraiser Site Valuation and Cost Approach (G-6) 30 hours
General Appraiser Income Approach (G-7) 60 hours
General Appraiser Report Writing and Case Studies (G-8) 30 hours
Fair Housing, Fair Lending and Environmental Issues (GE-1) 15 hours
Specialty Appraisals (GE-2) 15 hours
OR
Using the HP12C Financial Calculator (GE-3) 15 hours

 

OTHER REQUIREMENTS

Appraiser Assistants 
*Qualifying education must be completed within the five year period prior to the date of application

Experience:  – none

Exam: none . - Applicant is not eligible to take the exam for the category in which education has been completed until they meet the experience requirement for that category.

Licensed Residential Appraiser 
Education: NEW - 150 hours of approved qualifying courses AND an Associate’s degree or higher (in any field) or 30 semester credit hours from an accredited college, junior college, community college, or university.

Experience:  2000 hours in no less than 24 months

Exam:  National Uniform Licensing and Certification Examination

Certified Residential Appraiser 
Education: 200 hours of approved qualifying courses AND a Bachelor’s Degree (or higher) in any field

Experience: 2500 hours in no less than 24 months

Exam: National Uniform Licensing and Certification Examination

Certified General Appraiser 
Education: 300 hours of approved qualifying courses AND a Bachelor’s Degree (or higher) in any field

Experience: 3000 hours in no less than 30 months

Exam: National Uniform Licensing and Certification Examination