NORTH CAROLINA APPRAISAL BOARD
Prelicensing Requirements

CLASSIFICATIONS and CRITERIA REQUIREMENTS EFFECTIVE OCTOBER 1, 2019

Category

Experience

State Exam

Qualifying Education Requirements 1, 2, 3

College-Level Requirements 4

Registered Trainee

None

No

75 hrs

None - high school diploma or equivalent

Licensed Residential

1000 hours min of 6 mos

Yes

150 hours

None - high school diploma or equivalent

Certified Residential 1500 hours min of 12 mos Yes 200 hours

Must meet one of the following:

1. Bachelor's Degree in any field of study.

2. Associate's Degree in a field of study related to:
a. Business Administration;
b. Accounting;
c. Finance;
d. Economics; or
e. Real Estate

3. 30 semester hours of college-level courses that cover each of the following topic areas and that each consist of 3 hours:
a. English Composition;
b. Microeconomics;
c. Macroeconomics;
d. Finance;
e. Algebra;
f. Statistics;
g. Computer Science;
h. Business or Real Estate Law; and
i. Two elective courses in any of the topics listed above or in accounting, geography, agricultural economics, business management, or real estate.

4. Successful completion of at least 30 hours of College Level Examination Program (CLEP) examinations from each of the following subject matter areas:
a. College Algebra;
b. College Composition;
c. College Composition Modular;
d. College Mathematics;
e. Principles of Macroeconomics;
f. Principles of Microeconomics;
g. Introductory Business Law; and
h. Information Systems

5. Any combination of item 3 and 4 above that includes all of the topics and hours in item 3.

6. No college education required if the applicant has held a Licensed Residential credential for a minimum of five (5) years and has had no adverse, final, and non-appealable disciplinary action affecting the applicant's eligibility to engage in appraisal practice within the five (5) years immediately preceding the date of application to upgrade.

Certified General

3000 hours min 18 mos with 1500 hours being general

Yes

300 hours

Bachelors degree or higher.

1 Hours required include completion of the 15-hour National USPAP Course (or its equivalent).

2 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 taken from a Board approved sponsor.

3 Hours required include specific core curriculum courses and hours – please see the Real Property Appraiser Qualification Criteria for details.

4 College degrees must be obtained from an accredited college or university.

National Registry

If you are a licensed or certified appraiser who has joined the National Registry please refer to the following chart for authorized tasks for federally-related transactions. Note: Registered Trainees are ineligible to join the National Registry but may perform any task that their supervising appraiser is authorized to perform.

AUTHORIZED TASKS FOR FEDERALLY-RELATED TRANSACTIONS

Category

Tasks authorized by federal law and/or rules of federal agencies with regard to appraisals in federally-related transactions.

Registered Trainee

Appraisals that the supervising appraiser is authorized to perform.

Licensed Residential

“Non-complex” appraisals of residential 1-4 unit properties where transaction value is less than $1,000,000; “complex” appraisals of residential 1-4 unit properties where transaction value is less than $250,000; appraisal of non-residential 1-4 unit properties where transaction value is less than $250,000.

Certified Residential

Appraisals of residential 1-4 unit properties without regard to transaction value or complexity of the appraisal; appraisals of non-residential 1-4 unit properties where transaction value is less than $250,000.

Certified General

Appraisals of all types of real property without regard to transaction value or complexity of the appraisal.

 

 

 
 
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