Indiana appraisal license information: IN real estate appraiser license rules & requirements

Indiana Appraisal License Information
The Indiana Real Estate Commission have identified four levels of real property appraisal classification: Licensed Trainee Appraiser Certified Residential Appraiser Certified General Appraiser
Indiana Appraiser License Requirements The Indiana Real Estate Commission has established the minimum educational requirements for an appraisal license. The minimum educational requirements include the following: Appraiser Trainee: At least 90 hours of appraisal education and training, including 15 hours of ethics and standards of practice; and passing the trainee appraiser examination. College-level requirements: None Certified Residential Appraiser: At least 200 hours of appraisal education and training, including 15 hours of ethics and standards of practice; 2,500 hours (including 1,500 hours non-residential) of appraisal experience across at least 30 months; and passing the certified residential appraiser examination. 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. Certified General Appraiser: At least 300 hours of appraisal education and training, including 15 hours of ethics and standards of practice; 3,000 hours (including 1,500 hours non-residential) of appraisal experience across at least 30 months; and passing the certified general appraiser examination. 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. IMPORTANT: For detailed information on understanding the 2008 Real Property Appraiser Qualification Criteria, please follow this link to the Appraisal Foundation.
State Regulatory Agency Indiana Professional Licensing Agency Wayne Johnson: Chairman 402 West Washington Street, Room W072 Indianapolis, IN 46204 (317) 234-3009 Click for State Website

Indiana Appraisal License Information