The Delaware Council on Real Estate Appraisers have identified four levels of real property appraisal classification:
Real Property Appraiser Trainee
Licensed Real Property Appraiser
Certified Residential Real Property Appraiser
Certified General Real Property Appraiser
Current Delaware Appraiser License Requirements
The Delaware Council on Real Estate Appraisers has established the minimum educational requirements for an appraisal license. The minimum educational requirements include the following:
Real Property Appraiser Trainee
Education - 75 classroom hours including 15 hours of USPAP
Examination - none
Experience - none
Continuing education - 28 hours during a 2-year licensure cycle
Note: Delaware Regulation 2.3.2 requires that at least four (4) of those hours must
relate to USPAP
Under the supervision of a Delaware certified or licensed real property appraiser.
College-level requirements: None
Licensed Real Property Appraiser (applies to the appraisal of 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 that $250,000)
Education - 150 cumulative classroom hours, which shall include 15 classroom hours of USPAP (prerequisite for taking examination)
Examination - AQB endorsed Uniform State Licensed Real Property Appraiser Examination or its equivalent
Experience - 2000 hours of appraisal experience
Continuing education - 28 hours during a 2-year licensure cycle
College-level requirements: None
Note: Delaware Regulation 2.3.2 requires that at least four (4) of those hours must relate to USPAP
Certified Residential Real Property Appraiser
(applies to the appraisal of one to four residential units without regard to transaction value or complexity )
Education - 200 cumulative classroom hours, which shall include 15 classroom hours of USPAP (prerequisite for taking examination)
Experience - 2500 hours of appraisal experience over at least 24 months
Examination - AQB endorsed Uniform State Certified Residential Real Property Appraiser Examination or its equivalent
Continuing education - 28 hours during a 2-year licensure cycle
College-level requirements: Associate degree or higher. In lieu of the required degree, 21 semester credit hours covering the following subject matter courses: English Composition; Principles of Economics (Micro or Macro); Finance; Algebra, Geometry or higher mathematics; Statistics; Computer Science; and Business or Real Estate Law.
Note: Delaware Regulation 2.3.2 requires that at least four (4) of those hours must relate to USPAP.
Certified General Real Property Appraiser (applies to the appraisal of all types of real property)
Education - 300 cumulative classroom hours, which shall include 15 classroom hours of USPAP (prerequisite for taking examination)
Experience - 3000 hours of appraisal experience over at least 30 months of which at least 1500 hours must be in non-residential appraisal work. Residential is defined as one to four residential units.
Examination - AQB endorsed Uniform State Certified General Real Property Appraiser Examination or its equivalent
Continuing education - 28 hours during a 2- year licensure cycle
College-level requirements: Bachelors degree or higher. In lieu of the required degree, 31 semester credit hours covering the following subject matter courses: English Composition; Principles of Economics (Micro or Macro); Finance; Algebra, Geometry or higher mathematics; Statistics; Computer Science; and Business or Real Estate Law; and 2 elective courses in accounting, geography, ag-economics, business management, or real estate.
Note: Delaware Regulation 2.3.2 requires that at least four (4) of those hours must relate to USPAP.
IMPORTANT: For detailed information on understanding the 2008 Real Property Appraiser Qualification Criteria, please follow this link to the Appraisal Foundation.
UPCOMING CHANGES TO REAL PROPERTY APPRAISER QUALIFICATIONS
Beginning January 1, 2015, the AQB has made significant changes to appraisal qualifications. It is possible that some states may choose to implement the changes sooner, so be sure to check with your state regulator.
IMPORTANT CHANGE: Increased College Degree Requirements
Implications: After 1/1/15, you must hold a bachelor's degree to obtain the Certified Residential license level or beyond. If you achieve this license level prior to 1/1/15, you will be grandfathered under the old regulations.
CLASSIFICATION
CURRENT REQUIREMENTS
January 1, 2015 REQUIREMENTS
Trainee Appraiser
None
None
Licensed Residential Appraiser
None
30 semester credit hours of collegelevel education from an accredited college, junior college, community college, or university OR an Associate’s degree or higher (in any field).
Certified Residential Appraiser
21 semester credit hours in specified collegiate subject matter courses from an accredited college or university OR an Associate’s degree or higher.
Bachelor’s degree or higher (in any field) from an accredited college or university.
Certified General Appraiser
30 semester credit hours in specific collegiate subject matter courses from an accredited college or university OR a Bachelor’s degree or higher.
Bachelor’s degree or higher (in any field) from an accredited college or university.
IMPORTANT CHANGE: Experience Hours are Required BEFORE taking the licensing exam.
Implications: For the Licensed, Certified Residential and Certified General license levels, the required experience must be completed prior to taking the licensing exam. If you intend to upgrade your license prior to the 1/1/15 rules change, you need to be sure that you have enough time to complete your experience hours.
State Regulatory Agency
Delaware Council on Real Estate Appraisers
Ms. Louise Holt: Administrative Assistant
861 Silver Lake Blvd., Cannon Bldg., Suite 203
Dover, DE 19904
(302) 744-4505 Click for State Website
