Personal Property Appraiser Qualification Criteria

Personal Property Appraiser Qualification CriteriaThe original Personal Property Appraiser Qualification Criteria (Criteria) was adopted after a three-year process that began with an Appraiser Qualifications Board (AQB) public hearing in February 1995. The Criteria establishes minimum requirements for all personal property appraisers who are members of sponsoring organizations of The Appraisal Foundation. Personal property appraisers who are not members of sponsoring organizations are encouraged, but are not required, to follow the minimum education and experience recommendations established by the Criteria.

Personal Property Appraiser Qualification Criteria 
Effective on  January 1, 2018

Personal Property Appraiser Qualification Criteria Summary
A summary of the requirements effective on January 1, 2018.


AQB Personal Property Appraiser Qualification Criteria Requirements (Effective January 1, 2018) 


 Summary of Personal Property Appraiser Requirements  
Qualifying Education   Continuing Education   Experience  
 120 Hours. Hours must include coverage on specific topics

and

30 semester credit hours from an accredited college, 
junior college, community college, or university;
or
An Associate’s degree or higher (in any field)
   70 Hours every 5 years, which must include:
  1. At least 20 hours of coursework related to valuation theory; and
  2. The 15-Hour Personal Property USPAP Course, or 
    the 7-Hour Personal Property USPAP Update Course 
    once every two years
   General Experience: 700 Hours; 

and

Specific Experience: A minimum of 1,800 hours of market-related personal property appraisal experience (the equivalent to one year full-time allowing for holidays) performing any aspect of "valuation services" (as defined by the Uniform Standards of Professional Appraisal Practice), of which at least 900 additional hours are in the area(s) of specialization;
or
A minimum of 4,500 hours of market-related personal property non-appraisal experience (equivalent to 2.5 years full-time allowing for holidays) in area(s) of specialization; 
or
An equivalent combination of market-related personal property appraisal experience and market-related non-appraisal experience in area(s) of the appraiser's specialization, based upon a minimum ratio of 1 year to 2.5 years.