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

Current 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.

Indiana Appraisal Regulatory Agency

Indiana Professional Licensing Agency, attn: Real Estate Appraiser Licensure and Certification Board
Jeanette Langford: Director
402 West Washington Street, Room W072
Indianapolis, IN 46204
(317) 234-3009
Click for State Website

Recent Changes to Real Property Appraiser Qualifications

Beginning January 1, 2015, the AQB has made significant changes to appraisal qualifications. Some states may choose to implement the changes sooner, so be sure to check with your state regulator.

Several important changes are outlined below, with complete details available on this AQB publication:
UPCOMING CHANGES TO REAL PROPERTY APPRAISER QUALIFICATIONS >

IMPORTANT CHANGE: Increased College Degree Requirements

Implications: After January 1, 2015, you must hold a bachelor's degree to obtain the Certified Residential license level or beyond. If you achieve this license level prior to January 1, 2015, you will be grandfathered in under the old regulations.

IMPORTANT CHANGE: Experience Hours are Required BEFORE taking the licensing exam.

Implications: For the Licensed, Certified Residential and Certified General license levels, the required coursework must be completed prior to taking the licensing exam. If you intend to upgrade your license prior to the January 1, 2015 rules change, you need to be sure that you have enough time to complete your experience hours.

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