Certified Residential Appraiser College-Level Education or Requisite Experience Requirements: Six Options
In addition to the requirements to become a Certified Residential Appraiser as noted above, applicants must also satisfy one of the six options listed below.
Certified Residential Appraiser College-Level Education: Option #1
- Bachelor's degree from an accredited college or university in any field of study.
Certified Residential Appraiser College-Level Education: Option #2
- Associate's degree from an accredited college or university in a field of study related to:
- Business Administration;
- Accounting;
- Finance;
- Economics; or
- Real Estate
Certified Residential Appraiser College-Level Education: Option #3
- Successful completion of 30 semester hours of college-level courses that cover each of the following specific topic areas and hours:
- English Composition (3 semester hours);
- Microeconomics (3 semester hours);
- Macroeconomics (3 semester hours);
- Finance (3 semester hours);
- Algebra, Geometry, or higher mathematics (3 semester hours);
- Statistics (3 semester hours);
- Computer Science (3 semester hours);
- Business or Real Estate Law (3 semester hours); and
- Two elective courses in any of the topics listed above or in accounting, geography, agricultural economics, business management, or real estate (3 semester hours each).
Applicants may want to review guidance on this option, which can be found in Guide Note 10 of the Criteria.
Certified Residential Appraiser College-Level Education: Option #4
- Successful completion of 30 semester hours of College Level Examination Program (CLEP®) examinations from each of the following subject matter areas:
- College Algebra (3 semester hours);
- College Composition (6 semester hours);
- College Composition Modular (3 semester hours);
- College Mathematics (3 semester hours);
- Principles of Macroeconomics (3 semester hours);
- Principles of Microeconomics (3 semester hours);
- Introductory Business Law (3 semester hours); and
- Information Systems (3 semester hours).
Certified Residential Appraiser College-Level Education: Option #5
- Any combination of Options #3 and #4 that ensure coverage of all topics and hours identified in Option #3
Certified Residential Appraiser Requisite Experience: Option #6
- As an alternative to college-level education, individuals who have held a Licensed Residential credential for a minimum of five (5) years may qualify for a Certified Residential credential if they have no record of any adverse, final, and non-appealable disciplinary action affecting the Licensed Residential appraiser's legal eligibility to engage in appraisal practice with the five (5) years immediately preceding the date of application for a Certified Residential credential.