Certified Residential Real Estate Appraiser Training
Real estate appraisal is the process of evaluating a property for the purposes of sale or insurance. The process of real estate appraisal considers the condition of a property while anticipating the cost and extent of future repairs or maintenance as part of the overall cost of a building in the long term. Steps to becoming a certified real estate appraiser include classroom training and a graduated apprenticeship program that allows participants to gain field experience.
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Coursework
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The first step in certified real estate appraiser training is coursework. To begin the apprenticeship, or real world appraiser training program, individuals must have completed at least 150 hours of coursework with regards to appraisal. Schools such as New York Real Estate Institute, Appraisal Institute and Barnes Real Estate School offer these courses in the classroom and online. The first course in all of these programs is an examination of the national Uniform Standards of Professional Appraisal Tactics, or USPAP, and the ethics and professional standards of the appraisal business. Other courses cover subjects such as appraising shopping malls and businesses offices, trends and details in the construction industry, legal issues regarding appraisal and environmental concerns.
Registered Appraiser
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The second step in certified real estate appraiser training is receiving a registered appraiser, or appraiser's assistant, license. This license is available to anyone who has completed 150 hours of classroom work -- no real world experience is required. Registered or assistant appraisers are permitted to appraise real estate only under the supervision of a certified appraiser. No limits are placed on the size or types of properties a registered appraiser may appraise, though appraiser's assistants are not permitted to carry out any independent appraisal projects.
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Licensed Appraiser
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Individuals who complete 2,500 hours of training as a registered appraiser or appraiser's assistant over the course of two years, and a full 200 hours of education, are eligible to apply for a real estate appraiser license. In addition to training and coursework hour requirements, real estate appraisers are required to pass a written exam. The real estate appraiser license enables individuals to appraise residential properties containing one through four units without supervision. License appraisers can find work with local, state and federal governmental agencies, banks and real estate companies. In New York state, licensed appraisers are required to hold an associate's degree.
Certified Appraiser
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Achieving certified real estate appraiser status is the final step in certified real estate appraiser training. Requirements for this vary slightly from state to state. In New York state, a certified real estate appraiser must have 3,000 hours of appraisal experience, 300 hours of classroom training, and a bachelor's degree and is required to pass a written exam. In California, the requirements are the same, though, state law stipulates that the 3,000 hours of experience must be accrued in no less than a 30-month period and must include at least 1,500 hours of non-residential approval.
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