How to Become an Appraiser

 

1. How do I get started in the appraisal field?
2. What is a character issue?
3. If I have a character issue that requires Board review, how long will I have to wait before my application will be seen by the Board?
4. What happens if the qualifying course I need isn’t offered at the school nearest me for quite a while?
5. How long will it take me to become licensed or certified once I become a trainee?
6. What are the different levels of licensure issued by the NC Appraisal Board?
7. What are the requirements to apply for trainee, licensed, certified, and general?
8. How do I count experience hours?
9. When I upgrade from being a trainee, do I still have to work under a supervisor?
10. When I become a trainee, will the Appraisal Board place me with a supervisor?
11. How do I find a supervisor?
12. When I become a trainee, how much money can I expect to make?
 
 

1. How do I get started in the appraisal field?

Step 1:  You need to take the following classes: Basic Appraisal Principles, Basic Appraisal Procedures, the 15-Hour National USPAP course, and the NC Supervisor/Trainee course. You should take these courses from Board approved sponsors and you will find the current list of sponsors on this website. These courses must be taken in a classroom and cannot be taken online, except for the NC Supervisor/Trainee course, which may be taken in either format.

Step 2:  When you have completed your course work, you can download the application and information for filing your application from the Board's website at http://www.ncappraisalboard.org/forms-html/forms.htm.

Step 3:  Read the instructions and completely fill out the application. Send us the finished application, your original course completion certificates, the required criminal background check from CastleBranch.com, and the $200 application fee in the form of a certified check, money order, or cashier check.

Step 4:  Once you file an application, the Board staff will look to see if you have had a character issue. For those applicants who do not have a character issue, your registered trainee number will be assigned and mailed to you. Factors that affect the processing time are the completeness of the application when filed and the number and nature of any character issues or questions with respect to fitness for licensure. Generally, candidates can expect the entire application process to require from four to six weeks. An individual with a criminal history may petition the Board prior to submitting an application, for predetermination of whether your criminal history will likely disqualify you from becoming registered.

Note: Once your trainee number has been assigned to you, you are eligible to begin working as a registered trainee. (back to top)

2. What is a character issue?

Specifically, if you answer “yes” to the character questions in the application. For example, the following are typical character questions.
1) “Have you ever been denied any other professional license of any other type in any state?”
2) “Are there currently any charges pending against you in connection with any professional license in NC or any other state?”
3) “Have you ever been convicted of or pleaded guilty or no contest to any criminal offense in NC or any other state?” . (back to top)

3. If I have a character issue that requires Board review, how long will I have to wait before my application will be seen by the Board?

The Board usually meets six times a year. We try to get applications seen the next time the Board meets but this depends too upon when in the month we are able to compile background information on you. (back to top)

4. What happens if the qualifying course I need isn’t offered at the school nearest me for quite a while?

You will either need to wait for the class to be offered again or make arrangements to travel to a course provider that’s offering it in the near future. Your education must be taken from a Board approved sponsor. (back to top)

5. How long will it take me to become licensed or certified once I become a trainee?

That varies from trainee to trainee. It depends on how quickly you work and how many hours per week you work. A trainee may remain a trainee as long as the required continuing education is satisfied and renewal fees are paid.  There is no requirement to upgrade.  Please carefully review the information contained herein to upgrade from trainee to the license level you are seeking, and note the rule on experience time being within 8 years of application date. (back to top)

6. What are the different levels of licensure issued by the NC Appraisal Board?

Step 1: Registered Trainee
Step 2 : Licensed Residential (sometimes referred to as licensed)
Step 3: Certified Residential (sometimes referred to as certified)
Step 4 : Certified General (sometimes referred to as general). (back to top)

Note - A Registered Trainee may upgrade to any level once they meet the necessary requirements.

7. What are the requirements to apply for trainee, licensed, certified and general?

Registered Trainee

Basic Appraisal Principles 30 Hours
Basic Appraisal Procedures 30 Hours
The 15-Hour National USPAP Course or its equivalent 15 Hours
Total Trainee Education Requirements 75 Hours (all must be taken in a classroom setting with the exception of the NC Supervisor/Trainee course)

In addition to completing the 75 hours of prelicensing education, applicants for trainee registration must take the NC Supervisor/Trainee course. Either the 4 or 7 hour course is acceptable. The course must be the North Carolina Supervisor/Trainee course taken from a Board approved sponsor.

Licensed Residential

Basic Appraisal Principles 30 Hours
Basic Appraisal Procedures 30 Hours
The 15-Hour National USPAP Course or its equivalent 15 Hours
Residential Market Analysis & Highest & Best Use 15 Hours
Residential Appraiser Site Valuation and Cost Approach 15 Hours
Residential Sales Comparison and Income Approaches 30 Hours
Residential Report Writing and Case Studies 15 Hours
Total Licensed Residential Education 150 Hours

1,000 hours worth of appraisal experience over at least a six (6) month period.

Certified Residential - the following appraisal prelicensing courses plus the necessary college requirements outlined here - . http://www.ncappraisalboard.org/NewAQBCriteria2019.pdf.

Basic Appraisal Principles 30 Hours
Basic Appraisal Procedures 30 Hours
The 15-Hour National USPAP Course or its equivalent 15 Hours
Residential Market Analysis & Highest & Best Use 15 Hours
Residential Appraiser Site Valuation and Cost Approach 15 Hours
Residential Sales Comparison and Income Approaches 30 Hours
Residential Report Writing and Case Studies 15 Hours
Statistics, Modeling and Finance 15 Hours
Advanced Residential Applications and Case Studies 15 Hours
Appraisal Subject Matter Electives 20 Hours**
Total Certified Residential Education 200 Hours

1,500 hours worth of appraisal experience over at least a twelve (12) month period.

**Class hours may be obtained only where: (1) the minimum length of the educational offering is at least 15 hours; and (2) the individual successfully completes a proctored, closed-book final examination pertinent to that educational offering.

Certified General - the following appraisal prelicensing courses plus a Bachelor's Degree or higher.

Basic Appraisal Principles 30 Hours
Basic Appraisal Procedures 30 Hours
The 15-Hour National USPAP Course or its equivalent 15 Hours
General Appraiser Market Analysis and Highest and Best Use 30 Hours
Statistics, Modeling and Finance 15 Hours
General Appraiser Sales Comparison Approach 30 Hours
General Appraiser Site Valuation and Cost Approach 30 Hours
General Appraiser Income Approach 60 Hours
General Appraiser Report Writing and Case Studies 30 Hours
Appraisal Subject Matter Electives 30 Hours**
Total Certified General Education 300 Hours

3,000 hours worth of appraisal experience over at least an eighteen (18) month period.

**Class hours may be obtained only where: (1) the minimum length of the educational offering is at least 15 hours; and (2) the individual successfully completes a proctored, closed-book final examination pertinent to that educational offering.

UPGRADING A CREDENTIAL

If you are a registered trainee and wish to upgrade to licensure, then you may satisfy the educational requirements for the Licensed Residential credential by completing the following additional educational hours:

Residential Market Analysis and Highest and Best Use 15 Hours
Residential Appraiser Site Valuation and Cost Approach 15 Hours
Residential Sales Comparison and Income Approaches 30 Hours
Residential Report Writing and Case Studies 15 Hours
Total 75 Hours

If you are a registered trainee and wish to upgrade to residential certification, then you may satisfy the education requirements for the Certified Residential credential by completing the following additional educational hours:

Residential Market Analysis & Highest & Best Use 15 Hours
Residential Appraiser Site Valuation and Cost Approach 15 Hours
Residential Sales Comparison and Income Approaches 30 Hours
Residential Report Writing and Case Studies 15 Hours
Statistics, Modeling and Finance 15 Hours
Advanced Residential Applications and Case Studies 15 Hours
Appraisal Subject Matter Electives 20 Hours**
Total 125 Hours

**Class hours may be obtained only where: (1) the minimum length of the educational offering is at least 15 hours; and (2) the individual successfully completes a proctored, closed-book final examination pertinent to that educational offering.

If you are a registered trainee and wish to upgrade to general certification then you may satisfy the educational requirements for the Certified General credential by completing the following additional educational hours:

General Appraiser Market Analysis and Highest and Best Use 30 Hours
Statistics, Modeling and Finance 15 Hours
General Appraiser Sales Comparison Approach 30 Hours
General Appraiser Site Valuation and Cost Approach 30 Hours
General Appraiser Income Approach 60 Hours
General Appraiser Report Writing and Case Studies 30 Hours
Appraisal Subject Matter Electives 30 Hours**
Total 225 Hours

**Class hours may be obtained only where: (1) the minimum length of the educational offering is at least 15 hours; and (2) the individual successfully completes a proctored, closed-book final examination pertinent to that educational offering.

If you are a licensed residential appraiser and wish to upgrade to residential certification, then you may satisfy the educational requirements for the Certified Residential credential by completing the following additional educational hours.

Statistics, Modeling and Finance 15 Hours
Advanced Residential Applications and Case Studies 15 Hours
Appraisal Subject Matter Electives 20 Hours**
Total 50 Hours

**Class hours may be obtained only where: (1) the minimum length of the educational offering is at least 15 hours; and (2) the individual successfully completes a proctored, closed-book final examination pertinent to that educational offering.

If you are a licensed residential appraiser and wish to upgrade to general certification, then you may satisfy the educational requirements for the Certified General credential by completing the following additional educational hours:

General Appraiser Market Analysis and Highest and Best Use 15 Hours
Statistics, Modeling and Finance 15 Hours
General Appraiser Sales Comparison Approach 15 Hours
General Appraiser Site Valuation and Cost Approach 15 Hours
General Appraiser Income Approach 45 Hours
General Appraiser Report Writing and Case Studies 15 Hours
Appraisal Subject Matter Electives 30 Hours**
Total 150 Hours

**Class hours may be obtained only where: (1) the minimum length of the educational offering is at least 15 hours; and (2) the individual successfully completes a proctored, closed-book final examination pertinent to that educational offering.

If you are a certified residential appraiser and wish to upgrade to general certification, then you may satisfy the education requirements for the Certified General credential by completing the following additional educational hours:

General Appraiser Market Analysis and Highest and Best Use 15 Hours
General Appraiser Sales Comparison Approach 15 Hours
General Appraiser Site Valuation and Cost Approach 15 Hours
General Appraiser Income Approach 45 Hours
General Appraiser Report Writing and Case Studies 10 Hours
Total 100 Hours

Some classes may not be offered in the increments listed above. It will probably be necessary for an applicant to take additional hours in order to meet the minimum curriculum requirements for the credential they are upgrading to.

To see a more detailed chart, on the homepage click on “Application Information” and then “Prelicensing Requirements.” (back to top)

8. How do I count experience hours?

This information is published in our information and application booklet which can be downloaded from the "Forms" section of the Board's website. The following is a brief synopsis of the types of properties you can receive credit for appraising. You must keep track of the actual hours you spend on each appraisal.

Residential Category:

Residential Single-Family/with inspection
Residential Single-Family/Drive-By or Desktop
Residential Single-Family (Mega home – Greater than 5,000 SF)
Residential (1-4 Unit) Vacant Lot
Residential 2-4 Family
Residential Tract (10-50 acres/improved)

General Category:

Land:
Undeveloped tracts, residential multi-family sites, commercial sites, agricultural tracts, industrial sites, land in transition, etc.

Subdivision Analysis:
Residential Multi-Family (5-12 Units):
Apartments, condominiums, town- houses and mobile home parks

Residential Multi-Family (13+ Units):
Apartments, condominiums, town- houses, and mobile home parks

Commercial Single-Tenant:
Office building, retail store, restaurant, service station, bank, day care center, mini-storage, etc.

Commercial Multi-Tenant:
Office building, shopping center, hotel, etc.

Industrial:
Warehouse, manufacturing plant, etc.

Institutional:
Rest home, nursing home, hospital, school, church, government building, etc.

Miscellaneous:
Improved mixed use (Residential/Commercial)
Golf courses/recreational facilities
Improved agricultural tracts

NOTE: You may receive credit for appraisals of other types of real property not listed. You must document your work file to substantiate the number of hours spent on an assignment.(back to top)

9. When I upgrade from being a trainee, do I still have to work under a supervisor?

No, only registered trainees must work under a supervisor. Once you upgrade to a status above trainee your supervisor should disassociate you. Please understand, you may still work for your supervisor but he/she would only be considered your boss or co-worker and no longer your supervisor. (back to top)

10. When I become a trainee, will the Appraisal Board place me with a supervisor?

No. The Appraisal Board only licenses and regulates the profession. We leave the individual in charge of finding a place of employment.

11. How do I find a supervisor?

That is entirely up to you. One way is to network in your community. Talk to appraisers who are friends of yours and friends of your family’s. See if they will agree to become your supervisor. If you don’t know anyone personally, talk to people you do know and see if they know any appraisers and would personally put in a good word about you with them. Use the yellow pages in your phone directory. Look up “appraisers,” find their business and go introduce yourself. Give them a resume and sell your qualities to them. Be persistent and professional and someone will take an interest in helping you succeed.

12. When I become a trainee, how much money can I expect to make?

That is entirely between you and your supervisor. There isn’t any criteria set by the Board concerning payment. Before you accept a trainee position with a supervisor, this is a point that the two of you will need to discuss. Some trainees work on commission and others may receive a base salary plus commission. The range of money you can expect to make depends on a variety of factors such as where you live, your supervisor, how much the firm charges to do an appraisal, and so forth. (back to top)

 

 
 
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