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.
Written and Published by: VanEd
