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#Property evaluator course how to#
#Property evaluator course license#
#Property evaluator course professional#

Learn more about your state’s requirements by visiting the state licensing board website or by visiting an online training provider’s website. Here’s a quick breakdown of the prelicensing coursework hours required in each state: These states still require the 15-hour USPAP trainee class as well as their state-specific requirements.

In addition to the national course requirements, some states require additional classroom time to become an appraiser trainee.

Bureau of Labor Statistics expects the demand for appraisers to continue growing by 7% over the next decade. Class formats, hours, and locations vary among providers, but you can expect to pay from $500 to $1,400 for an approved licensing course.ĭid you know? While the coursework is an upfront expense, it is worth noting that licensed real estate appraisers made an average of $69,000 to $88,000 in 2020, depending on their experience, certifications, and number of hours worked.

#Property evaluator course how to#

Although these classes are required, they are also a good idea as they teach you how to provide an objective estimate of the value of a property for tax, mortgage, insurance, and other purposes. However, bundled classes typically cost less. You don’t have to meet these hours all at once as training providers, like Hondros College, let you enroll in individual courses.

#Property evaluator course professional#

National Uniform Standards of Professional Appraisal Practice (USPAP) (15 hours): The USPAP 15-hour course sets forth industry requirements for ethical behavior and competent performance as described in the USPAP.

Basic Appraisal Procedures (30 hours): The procedures course teaches students about the actual valuation process, including the three traditional approaches to value-cost approach, sales comparison approach, and income approach-and how to collect data, describe the subject property, and communicate appraisal results.

Basic Appraisal Principles (30 hours): This course introduces aspiring appraisers to basic real property concepts, legal considerations, real estate finance, economic principles, and appraisal ethics.

The required core curriculum coursework, which cannot be substituted by experience, is broken out as follows: To become an appraisal trainee, the AQB requires you to complete a total of 75 credit hours of educational content from an approved provider.

The appraisal industry is regulated differently in each state, but all require you to start your career as a trainee appraiser. The Appraiser Qualifications Board (AQB) sets national course requirements however, some states require additional coursework. That means you need to complete and pass specific coursework that provides a solid foundation in real estate appraisal. To become a real estate appraiser, you must first become a real estate appraisal trainee.

#Property evaluator course license#

Get a Trainee License by Completing Coursework We’ve assembled this step-by-step guide, with state-specific information and documents, to help you learn how to become a real estate appraiser. The requirements for how to become a real estate appraiser differ by state, but generally require you to complete prelicensing courses, acquire industry experience, and pass an exam. Real estate appraisers estimate the market value of commercial and residential properties.