Personal Property Appraiser Qualification Criteria

The 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)

 
             
    Qualifying Education
         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)

  
    Continuing Education
         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

  
    Experience         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 USPAP), 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 on a minimum ratio of 1 year to 
2.5 years