top of page
Working Alone at Desk

Certified Residential

through PAREA

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

Applicants must have completed the following required core curriculum (qualifying education) prior to beginning the PAREA program for certification. 

​

Basic Appraisal Principles - 30 Hours

Basic Appraisal Procedures - 30 Hours

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

15-HR USPAP (or its equivalent) - 15 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

Statistics, Modeling & Finance - 15 Hours

Advanced Residential Applications and Case Studies - 15 Hours

Appraisal Subject Matter Electives - 12 Hours

​​

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

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.   

 

​

Experience

A valid completion certificate from an approved PAREA program for the certified residential module. A minimum of 15 demonstration residential appraisal reports completed after successful completion of the certified residential PAREA program.

bottom of page