Appraisal Industry

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 Appraiser Classifications

Licensed Residential Appraiser: The licensed residential appraiser classification applies to the appraisal or appraisal review of noncomplex 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 including 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 Board of Appraisal website.

For information on Supervising Appraiser and Trainee Requirements click here

Upcoming Changes To Real Property Appraiser Qualifications 2015

See attached release from Appraisal Foundation: Click here 

Tuition

TO BE DETERMINED

Instructors

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

Test information:

Exam is administered by Pearson Vue http://www.pearsonvue.com/

To view the Candidate Handbook from Pearson Vue click here

 

 

 

 

 

 

 

 

 

 

 

Important Information

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.

Reciprocity

This application is intended for use by nonresident applicants for Licensed Residential, Certified Residential, or Certified General Appraiser by reciprocity. The qualifications required by each of these classifications are set forth in The Real Property Appraiser Qualification Criteria and Interpretations of the Criteria adopted February 16, 1994. Click here

Effective January 1, 1998, Includes all Interpretations and Supplementary Information as of January 1, 2002, and Appendix I, Criteria Revisions effective January 1, 2003, issued by the Appraiser Qualifications Board of the Appraisal Foundation, and Board Statutes and Rules.

IMPORTANT:Arizona must have a written reciprocity agreement with the Reciprocal State. Applicant must reside in the Reciprocal State. Applicant cannot reside in Arizona. For a list click here

On February 21, 2008, the Arizona Board of Appraisal voted to no longer require letters of good standing or history letters and to rely on the National Registry.

 

No courses scheduled, please keep an eye on this space.

 
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