An appraiser evaluates real properties to determine their value for sale or purchase. Imagine a career where important financial decisions are made based on your expertise. As an appraiser, you will do research on the location of a property and identify comparable properties in order to determine your opinion of value and develop your appraisal report. Your report will be used by individuals such as real estate agents or mortgage lenders, and companies such as insurance agencies when making decisions about selling, financing or insuring the property.
Appraisers have independent clients and focus solely on valuing one property at a time. They primarily work on a client-to-client basis, and make appraisals for a variety of reasons. Real property appraisers often specialize by the type of real estate they appraise, such as residential properties, golf courses, or strip malls. In general, commercial appraisers have the ability to appraise any real property but may generally only appraise property used for commercial purposes, such as stores or hotels. Residential appraisers focus on appraising homes or other residences and only value those that house 1 to 4 families. Other appraisers have a general practice and value any type of real property.
Arizona Appraisal Trainee Classification
Trainee (New to the industry): is a Potential License Holder. An Appraiser Trainee is a person who is authorized (approved, but not licensed) by TALCB to gain legal real estate appraisal experience under the supervision of a Certified General or Certified Residential Real Estate Appraiser.
An applicant to become a Trainee Appraiser must first take the required 30 hours of Basic Appraisal Principles, 30 hours of Basic Appraisal Procedures, a 15 hour USPAP class or its Equivalent plus the 4 hour Supervisory/Trainee Course. Complete the application and pay a $300.00 application fee. This fee also covers the registration for three years of their training. We encourage applicants to first obtain a Designated Supervisor (a Certified Appraiser in our state). They must work under a qualified registered Supervisor who meets the AQB 2015 criteria and current Arizona statute requirements. Once a Designated Supervisor is found, please have them complete the Notification of Engagement Form. For this form please Click Here. This form should accompany your application to become a Trainee Appraiser for quicker processing. For the application information please Click Here. For more information please Click this link for the AZDFI website.
For a Designated Supervisor List use this link
There is no uniform testing for the Trainee classification
Licensed Appraiser Classifications
Licensed Residential Appraiser: The licensed residential appraiser classification app
lies to the appraisal or appraisal review of non-complex one to four residential units having a value of less than one million dollars and complex one to four residential units having a value of less than two hundred fifty thousand dollars. “Complex one to four residential units” means property that is atypical for the marketplace.
Completion of 150 classroom hours of real estate appraisal courses including 15 hours of the Uniform Standards of Professional Appraisal Practices, 2,000 hours of appraisal experience in not less than 18 months, successful completion of the State licensed real estate appraiser examination. To download the application Click Here
Certified Residential Appraiser: The certified residential appraiser classification applies to the appraisal or appraisal review of one to four residential units without regard to value or complexity.
Completion of 200 classroom hours of real estate appraisal courses including 15 hours of the Uniform Standards of Professional Appraisal Practices. Associate degree or higher is also required, or in lieu thereof, 21 college level semester hours in specified courses. 2,500 hours of appraisal experience in not less than 24 months (Not less than two completed reports must be multi-family), successful completion of the State licensed real estate appraiser examination. To download the application Click Here
Certified General Appraiser: The certified general appraiser classification applies to the appraisal or appraisal review of all types of real property.
Completion of 300 classroom hours of real estate appraisal courses i
ncluding 15 hours of the Uniform Standards of Professional Appraisal Practices, Bachelors degree or higher is also required, or in lieu thereof, 30 college level semester hours in specified courses. 3,000 hours of appraisal experience in not less than 30 months (At least 1,500 hours must reflect non-residential appraisals), successful completion of the State licensed real estate appraiser examination. To download the application Click Here
For more detailed information regarding the Classifications, please visit the Arizona Dept. of Financial Institutions website.
Information on Uniform Standards of Professional Appraisal Practice
Click on this link to visit this website
Tom Baker, MAI, SRA
- Certified General Real Property Appraiser – 1979
- M.B.A. The University of Arizona – 1979
- M.A.I. & S.R.A. Designations (Appraisal Institute)
Steven Cole, MAI
- Certified General Real Property Appraiser – 1996
- Arizona Real Estate Salesperson License – 1996
- M.B.A. University of California Los Angeles – 1973
- B.A. University of California Santa Barbara – 1971
- The University of Arizona, Appraisal Principles/Procedures,Instructor – 1986-98
Roy E. Morris III, SRA, FASA
- Certified General Real Property Appraiser
- Investigator for Arizona Board of Appraisal – 1994 to present
- B.S., Arizona State University
- S.R.A. Designation from the Appraisal Institute
- FASA Designation from the American Society of Appraisers
- Appraisal Foundation approved USPAP instructor
Once you meet all of the requirements to become a licensed appraiser you must submit your application to the AZDFI. When your application is approved an invitation will be sent to you for testing. Currently the approved testing proctors for Arizona are Pearson Vue and Applied Measurement Professionals (AMP).
For a list of Frequently Asked Questions click here
A final exam is given at the completion of each module. Students must have a passing rate of 75%. All courses are AQB (Appraisal Qualifications Board) approved through the Appraisal Foundation.
Arizona reciprocates with all states that meet or exceed our requirements and are in compliance with the Appraisal Sub-Committee. Reciprocity shall be granted to an appraiser if all of the following conditions apply:
a. The appraiser holds a credential from a state that is in compliance with the 12 United States Code Sections 3310, 3332, 3333, 3335, 3338, 3339, 3341, 3342, 3345, 3346, 3347, 3348, 3350, 3351, 3353, 3354 and 3355.
b. The credential requirements for the state described in paragraph 1 of this section meet or exceeds those of this state.
c. The appraiser has completed an application for licensure or certification on a form as prescribed by the Board and submitted fees prescribed pursuant to section 32-3607.
Click this link for more information LICENSED/CERTIFIED APPRAISER BY RECIPROCITY