Licensed Residential

The AQB Real Property Appraiser Qualification Criteria states:

A Licensed Residential appraiser may appraise non-complex one-to-four residential units having a transaction value less than $1,000,000 and complex one-to-four residential units having a transaction value less than $400,000.

Qualifying Education

Licensees holding a valid Registered Trainee credential may satisfy the educational requirements by completing the following additional 75 hours of education:

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

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

*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.

College Education

None - high school diploma or equivalent.

Experience

1,000 hours of experience are required to be obtained in no fewer than six (6) months.

Examination

You must complete your education and experience prior to submitting an application to upgrade to Licensed Residential. Once you've been approved to take the exam, an exam authorization form will be emailed to you for the purpose of scheduling your exam with Pearson Professional Assessments. Successful test results should be sent to the Board via mail, email or fax.