Chapter 3: Qualifications for Appraiser Credentials
Yes, because the appraiser is currently "in good standing", and the prior action did not affect the appraiser's eligibility to engage in appraisal practice
A Certified General Appraiser wants to act as a Supervisory Appraiser. The appraiser received a formal reprimand from the state appraisal regulatory agency 18 months ago, but has had no disciplinary issues before or since that time. Is the appraiser qualified to be a Supervisory Appraiser?
No, because the appraiser must have been "in good standing" for a period of at least three years
A Certified Residential Appraiser wants to act as a Supervisory Appraiser. The appraiser had his certificate suspended by the state two years ago, but has had no disciplinary issues since that time. Is the appraiser qualified to be a Supervisory Appraiser?
75
A Trainee Appraiser wishes to upgrade to a Licensed Residential Appraiser credential. Under the AQB Criteria, how many additional hours of appraisal education must the Trainee Appraiser complete?
100
A holder of a valid Certified Residential Appraiser credential wants to upgrade to a Certified General credential. How many additional hours of appraisal education does he or she need in order to qualify?
Yes, because states may adopt requirements that exceed those of the AQB
A state appraisal regulatory agency wants to establish a requirement that a Supervisory Appraiser must have 5 years of experience as a certified appraiser. Is the state permitted to do this?
3000; 18
According to the AQB Criteria, an applicant for a Certified General Appraiser credential must have accumulated _____ hours of appraisal experience, during no fewer than ______ months.
1500
An applicant for a Certified General Appraiser credential must have accumulated a minimum of how many hours of non-residential appraisal work?
A Bachelor's degree or higher or An Associate's degree in a concentrated field of study related to business or real estate or 30 semester credit hours in specified topics or any of these
An applicant for a Certified Residential Appraiser credential must possess _________ from an accredited college or university.
Yes Several state appraiser licensing and certification agencies have implemented their own background check requirements that are more stringent than the AQB requirement.
Are applicants are required to provide state appraisal regulatory agencies with information and documentation necessary for the agency to determine an applicant's fitness for licensure as an appraiser?
Trainee appraiser, provisional appraiser, registered appraiser - any of these
As the term "Trainee Appraiser" is used in the AQB Criteria, it refers to which state-specific terms?
A paper exam or an electronically-administered exam
For a distance education course to be acceptable for appraiser qualifying education, it must include a written examination. What does the term "written" mean in this requirement?
A closed book
In order to be acceptable for appraiser qualifying education, an appraisal course must include ________ examination.
- 150 creditable hours of qualifying education - no college level coursework requirements (recent change as this used to be 30 credits required - Some states still require college-level coursework for this credential level) - 1,000 hours of appraisal experience in no fewer than 6 months (recent change, lower than before) - must successfully complete the AQB-approved Licensed Residential Real Property Appraiser examination
Licensed Residential Appraiser Requirements
- The minimum length of the educational offering is at least 15 hours; and - The individual successfully completes a proctored, closed-book final examination pertinent to the course. - may also be obtained via the completion of a degree in Real Estate from an accredited degree-granting college or university
Qualifying education hours for a course may be obtained only if:
- must have been state-certified for a minimum of three (3) years (some states are more stringent) - must be "in good standing" in the jurisdiction where the Trainee Appraiser practices. (must not have been subject to any disciplinary action within the prior three-year period that affects the Supervisory Appraiser's legal eligibility to engage in appraisal practice) - required to complete a course that complies with the AQB specifications for course content oriented to the requirements and responsibilities of Supervisory Appraisers and Trainee Appraisers.
Supervisory Appraiser Requirements
1,500; 12
The AQB Criteria specifies that an applicant for a Certified Residential Appraiser credential must have accumulated _____ hours of appraisal experience, in no fewer than ______ months.
75, 15-Hour National USPAP or equivalent
The AQB requirement is that an applicant for a Trainee Appraiser credential must have completed _____ hours of appraisal education, including the __________ course.
An individual who is supervising a Trainee Appraiser
The AQB requirements for Supervisory Appraisers would apply to whom?
Complex one-to-four family residential property
The definition of __________ appraisal includes the phrase "One in which the property to be appraised, the form of ownership, or the market conditions are atypical."
Education Experience Examination
The requirements established by the AQB Real Property Appraiser Qualification Criteria can be placed into what three general categories?
7-hour USPAP Update Course
Trainee Appraiser Ed is trying to complete his qualifying education courses toward becoming a Certified Residential Appraiser. Which one of these courses would NOT count toward meeting that requirement?
- 75 hours of creditable qualifying education - no college level coursework requirements - no experience requirement - no examination requirement (Please note that some states do require a Trainee Appraiser applicant to pass an exam; however this is not an AQB requirement)
Trainee Appraiser Requirements
all types of real property. permitted activities for the various levels of appraisal credentials are established by federal and state laws and regulations, and not by the AQB.
What can a certified general appraiser appraise?
one-to-four residential units without regard to value or complexity. permitted activities for the various levels of appraisal credentials are established by federal and state laws and regulations, and not by the AQB
What can a certified residential appraisal appraise?
non-complex one-to-four residential units having a transaction value less than $1,000,000 and complex one-to-four residential units having a transaction value less than $250,000."
What can a licensed residential appraisal appraise?
college-level education requirements and experience requirements. The 2018 revisions actually reduced some of the requirements, including eliminating the college coursework requirement for Licensed Residential applicants and reducing the number of experience hours required for the Licensed Residential and Certified Residential credential levels. States are not required to adopt these criteria, as they are lower than the previous criteria. It is possible that some states might not adopt the 2018 Criteria and may instead keep the 2015 Criteria in effect. If you have any state-specific questions, you are advised to contact your state's appraisal credentialing agency.
What did the May 2018 revisions to the criteria address?
one in which the property to be appraised, the form of ownership, or the market conditions are atypical."
What is meant by complex one- to four-family residential property appraisal
the appraisal of those properties which the state-certified Supervisory Appraiser is permitted by his/her current credential to appraise, assuming that the Supervisory Appraiser is competent to appraise them.
What is the scope of practice for the Trainee Appraiser classification? (what can the trainee appraise?)
May 1, 2018; before that 2015; before that 2008
When were the most recent revisions made to the Real Property Appraiser Qualification Criteria?
Certified Residential Appraiser only
Which appraisal level allows the credential holder to appraise any one-to-four family residential property, regardless of complexity?
Trainee Appraiser
Which type of appraisal credential does not require an applicant to possess any appraisal experience?
Expose the proposed changes and solicit comments
Before the AQB revises the Real Property Appraiser Qualification Criteria, it must first:
- 300 creditable hours of qualifying education - required to hold a Bachelor's degree, or higher, from an accredited college or university. The degree may be in any field of study. There is no degree alternative available. -must obtain 3,000 hours of experience during no fewer than 18 months. At least 1,500 of the 3,000 experience hours must be in non-residential appraisal work (i.e., properties that are not one-to-four family residential properties). (The 3,000 hour requirement has not changed, but the minimum experience period has changed to 18 months effective May 1, 2018. Formerly, the minimum experience period was 30 months. ) - must successfully complete the AQB-approved Certified General Real Property Appraiser examination.
Certified General Appraiser Requirements
- 200 creditable hours of qualifying education - required to hold a Bachelor's degree, or higher, from an accredited college or university. The degree may be in any field of study. (In the 2018 revisions to the AQB Criteria, there are a number of options for college level coursework for Certified Residential Appraiser applicants. Option 1 is a Bachelor's degree, and Options 2 through 6 are alternatives to the Bachelor's degree requirement. states dont have to adopt these new options) - 1,500 hours of appraisal experience during no fewer than 12 months. (Previously, an applicant was required to complete 2,500 hours in no fewer than 24 months.) - must successfully complete the AQB-approved Certified Residential Real Property Appraiser examination. (An applicant must complete the education and experience requirements as a prerequisite to taking the exam. )
Certified Residential Appraiser Requirements
