Certified Residential Real Property Appraiser

What can I appraise as a Certified Residential Real Property Appraiser?

A Certified Residential Real Property Appraiser can appraise one to four residential units without regard to value or complexity.

What steps do I need to take?

Step 1: You must hold a bachelor’s degree (or equivalent) and then complete at least 200* hours of qualifying education.

• Trainee Real Property Appraiser License or appraiser trainee qualification education (at least 75* hours)
• Residential Market Analysis and Highest & Best Use (15 Hours)
• Residential Site Valuation and Cost Approach (15 Hours)
• Residential Sales Comparison and Income Approaches (30 Hours)
• Residential Report Writing and Case Studies (15 Hours)
• Real Estate Finance, Statistics, and Valuation Modeling (15 Hours) 
• Advanced Residential Applications and Case Studies/Part 1 (15 Hours)
• Advanced Residential Report Writing/Part 2 (elective) (30 Hours) (this AI elective course is 10 more hours than what is required

OR

• Licensed Residential Real Property Appraiser or qualification education (at least 150* hours)
• Real Estate Finance, Statistics, and Valuation Modeling (15 Hours) 
• Advanced Residential Applications and Case Studies/Part 1 (15 Hours)
• Advanced Residential Report Writing/Part 2 (elective) (30 Hours) (this AI elective course is 10 more hours than what is required

*Check with your state to see if additional courses (or criteria) are needed.

Step 2: Complete 1,500 hours of experience under a supervisor. Be sure to consider our PAREA alternative for gaining your experience.

Step 3: Pass the National Certified Residential Real Property Appraiser Exam.

Step 4. Pass a background check.

Step 5: Submit your application and fees to your state board.