Maine Appraisal License Information

The Maine Board of Real Estate Appraisers has identified four levels of real property appraisal classification:

Trainee Real Property Appraiser
Licensed Residential Real Property Appraiser
Certified Residential Real Property Appraiser
Certified General Real Property Appraiser

Current Maine Appraiser License Requirements

The Maine Board of Real Estate Appraisers has established the minimum educational requirements for an appraisal license. The minimum educational requirements include the following:

Trainee Real Property Appraiser

Completion of a program of study for licensed appraisers of at least 75 hours of instruction which must include the 15 hr USPAP course.

Licensed Residential Real Property Appraiser

Completion of a program of study for certified residential appraisers of at least 150 hours of instruction. Pass the state exam.
2,000 hours of appraisal experience within 12 months.

Certified Residential Real Property Appraiser

Completion of a program of study for certified residential appraisers of at least 200 hours of instruction. Pass the state exam.
2,500 hours of appraisal experience including at least 2,000 hours of residential experience in no fewer than 24 months

Certified General Real Property Appraiser

Completion of a program of study for certified general appraisers of at least 300 hours of instruction. Pass the state exam.
3,000 hours of appraisal experience including at least 1,500 hours of non-residential experience in no fewer than 30 months

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.

Several important changes are outlined below, with complete details available in this AQB publication: http://www.asisvcs.com/publications/pdf/220913.pdf

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

Maine Board of Real Estate Appraisers
Ms. Carol Leighton: Board Administrator
#35 State House Station
Augusta, ME 04333-0035
(207) 624-8522
Click for State Website