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Certified Residential

The AQB Real Property Appraiser Qualification Criteria states:

A Certified Residential appraiser may appraise one-to-four residential units without regard to value or complexity.

Qualifying Education

Licensees holding a valid Registered Trainee credential may satisfy the educational requirements by completing the following additional 125 hours of education:

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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

Statistics, Modeling & Finance - 15 Hours

Advanced Residential Applications and Case Studies - 15 Hours

Appraisal Subject Matter Electives - 12 Hours

Valuation Bias and Fair Housing Laws and Regulations - 8 Hours*

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​Licensees holding a valid Licensed Residential credential may satisfy the educational requirements by completing the following additional 50 hours of education:

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Statistics, Modeling & Finance - 15 Hours

Advanced Residential Applications and Case Studies - 15 Hours

Appraisal Subject Matter Electives - 12 Hours

Valuation Bias and Fair Housing Laws and Regulations - 8 Hours*

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*The 8-hour (7-hour, plus 1-hour exam) Valuation Bias and Fair Housing Laws and Regulations course is required to upgrade if not taken previously. 

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College Education

Applicants for the Certified Residential Credential must satisfy at least one of the following five options:

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

  2. Associate's Degree in a field of study related to: 

  • Business Administration; ​

  • Accounting; 

  • Finance; 

  • Economics; or

  • Real Estate

   3. Successful completion of 30 semester hours of college-level courses that cover each of the following specific topic areas and           hours:

  • English Composition;

  • Microeconomics;

  • Macroeconomics;

  • Finance;

  • Algebra;

  • Statistics;

  • Computer Science;

  • Business or Real Estate Law; and

  • 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 semester hours of College Level Examination Program (CLEP) examinations from each of            the following subject matter areas:

  • College Algebra;

  • College Composition;

  • College Composition Modular;

  • College Mathematics;

  • Principles of Macroeconomics;

  • Principles of Microeconomics;

  • Introductory Business Law; and

  • 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.   

 

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Experience

1,500 hours of experience are required to be obtained in no fewer than twelve (12) months. 

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