1.1.3: C. Real Estate Appraiser (Residential)
- Page ID
- 35510
\( \newcommand{\vecs}[1]{\overset { \scriptstyle \rightharpoonup} {\mathbf{#1}} } \)
\( \newcommand{\vecd}[1]{\overset{-\!-\!\rightharpoonup}{\vphantom{a}\smash {#1}}} \)
\( \newcommand{\id}{\mathrm{id}}\) \( \newcommand{\Span}{\mathrm{span}}\)
( \newcommand{\kernel}{\mathrm{null}\,}\) \( \newcommand{\range}{\mathrm{range}\,}\)
\( \newcommand{\RealPart}{\mathrm{Re}}\) \( \newcommand{\ImaginaryPart}{\mathrm{Im}}\)
\( \newcommand{\Argument}{\mathrm{Arg}}\) \( \newcommand{\norm}[1]{\| #1 \|}\)
\( \newcommand{\inner}[2]{\langle #1, #2 \rangle}\)
\( \newcommand{\Span}{\mathrm{span}}\)
\( \newcommand{\id}{\mathrm{id}}\)
\( \newcommand{\Span}{\mathrm{span}}\)
\( \newcommand{\kernel}{\mathrm{null}\,}\)
\( \newcommand{\range}{\mathrm{range}\,}\)
\( \newcommand{\RealPart}{\mathrm{Re}}\)
\( \newcommand{\ImaginaryPart}{\mathrm{Im}}\)
\( \newcommand{\Argument}{\mathrm{Arg}}\)
\( \newcommand{\norm}[1]{\| #1 \|}\)
\( \newcommand{\inner}[2]{\langle #1, #2 \rangle}\)
\( \newcommand{\Span}{\mathrm{span}}\) \( \newcommand{\AA}{\unicode[.8,0]{x212B}}\)
\( \newcommand{\vectorA}[1]{\vec{#1}} % arrow\)
\( \newcommand{\vectorAt}[1]{\vec{\text{#1}}} % arrow\)
\( \newcommand{\vectorB}[1]{\overset { \scriptstyle \rightharpoonup} {\mathbf{#1}} } \)
\( \newcommand{\vectorC}[1]{\textbf{#1}} \)
\( \newcommand{\vectorD}[1]{\overrightarrow{#1}} \)
\( \newcommand{\vectorDt}[1]{\overrightarrow{\text{#1}}} \)
\( \newcommand{\vectE}[1]{\overset{-\!-\!\rightharpoonup}{\vphantom{a}\smash{\mathbf {#1}}}} \)
\( \newcommand{\vecs}[1]{\overset { \scriptstyle \rightharpoonup} {\mathbf{#1}} } \)
\( \newcommand{\vecd}[1]{\overset{-\!-\!\rightharpoonup}{\vphantom{a}\smash {#1}}} \)
\(\newcommand{\avec}{\mathbf a}\) \(\newcommand{\bvec}{\mathbf b}\) \(\newcommand{\cvec}{\mathbf c}\) \(\newcommand{\dvec}{\mathbf d}\) \(\newcommand{\dtil}{\widetilde{\mathbf d}}\) \(\newcommand{\evec}{\mathbf e}\) \(\newcommand{\fvec}{\mathbf f}\) \(\newcommand{\nvec}{\mathbf n}\) \(\newcommand{\pvec}{\mathbf p}\) \(\newcommand{\qvec}{\mathbf q}\) \(\newcommand{\svec}{\mathbf s}\) \(\newcommand{\tvec}{\mathbf t}\) \(\newcommand{\uvec}{\mathbf u}\) \(\newcommand{\vvec}{\mathbf v}\) \(\newcommand{\wvec}{\mathbf w}\) \(\newcommand{\xvec}{\mathbf x}\) \(\newcommand{\yvec}{\mathbf y}\) \(\newcommand{\zvec}{\mathbf z}\) \(\newcommand{\rvec}{\mathbf r}\) \(\newcommand{\mvec}{\mathbf m}\) \(\newcommand{\zerovec}{\mathbf 0}\) \(\newcommand{\onevec}{\mathbf 1}\) \(\newcommand{\real}{\mathbb R}\) \(\newcommand{\twovec}[2]{\left[\begin{array}{r}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\ctwovec}[2]{\left[\begin{array}{c}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\threevec}[3]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\cthreevec}[3]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\fourvec}[4]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\cfourvec}[4]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\fivevec}[5]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\cfivevec}[5]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\mattwo}[4]{\left[\begin{array}{rr}#1 \amp #2 \\ #3 \amp #4 \\ \end{array}\right]}\) \(\newcommand{\laspan}[1]{\text{Span}\{#1\}}\) \(\newcommand{\bcal}{\cal B}\) \(\newcommand{\ccal}{\cal C}\) \(\newcommand{\scal}{\cal S}\) \(\newcommand{\wcal}{\cal W}\) \(\newcommand{\ecal}{\cal E}\) \(\newcommand{\coords}[2]{\left\{#1\right\}_{#2}}\) \(\newcommand{\gray}[1]{\color{gray}{#1}}\) \(\newcommand{\lgray}[1]{\color{lightgray}{#1}}\) \(\newcommand{\rank}{\operatorname{rank}}\) \(\newcommand{\row}{\text{Row}}\) \(\newcommand{\col}{\text{Col}}\) \(\renewcommand{\row}{\text{Row}}\) \(\newcommand{\nul}{\text{Nul}}\) \(\newcommand{\var}{\text{Var}}\) \(\newcommand{\corr}{\text{corr}}\) \(\newcommand{\len}[1]{\left|#1\right|}\) \(\newcommand{\bbar}{\overline{\bvec}}\) \(\newcommand{\bhat}{\widehat{\bvec}}\) \(\newcommand{\bperp}{\bvec^\perp}\) \(\newcommand{\xhat}{\widehat{\xvec}}\) \(\newcommand{\vhat}{\widehat{\vvec}}\) \(\newcommand{\uhat}{\widehat{\uvec}}\) \(\newcommand{\what}{\widehat{\wvec}}\) \(\newcommand{\Sighat}{\widehat{\Sigma}}\) \(\newcommand{\lt}{<}\) \(\newcommand{\gt}{>}\) \(\newcommand{\amp}{&}\) \(\definecolor{fillinmathshade}{gray}{0.9}\)Role of Real Estate Appraisers
A real estate appraiser conducts market research and property analysis to determine the value of a property. Real estate appraisers are usually hired by mortgage loan officers, home buyers or sellers, real estate developers, attorneys, or government agencies who need to know the value of a property. For example, a lender will want to know the value of a property before making a loan on it.
Appraiser Licensing Levels in California
California has four levels of licensure for appraisers. According to the Bureau of Real Estate Appraisal (BREA) site https://brea.ca.gov, the four levels of real estate appraiser licensing are (from lowest to highest):
- AT - Trainee License
- AL - Residential License
- AR - Certified Residential License
- AG - Certified General License
Education Requirements for Appraisal Licenses
In California, a bachelor's degree in real estate is required for the Certified General (AG) level, which is the highest level. The Certified Residential (AR) level requires either a bachelor's degree or education equivalent to a bachelor's degree.
Below you will find appraisal license levels along with their education, and experience requirements.
Scope of Practice for Different Appraiser License Levels (TABLE)
|
Bureau License Levels |
Education Requirements* |
Experience Requirements |
Scope of Practice |
|---|---|---|---|
|
Trainee (AT) |
150 hours, covering specific modules including the 15-hour National USPAP Course (or its equivalent as determined by the Appraiser Qualifications Board (AQB). All initial Trainee applicants must also complete the following approved courses prior to obtaining a license:
|
None |
Any property that the supervising appraiser is permitted to appraise. |
|
Residential (AL) |
150 hours, covering specific modules, including the 15-hour National USPAP Course (or its equivalent as determined by the AQB). All initial and reciprocal applicants must also complete the following approved courses prior to obtaining a license:
|
1,000 hours and encompassing no less than 6 months of appraisal experience. |
Any non-complex 1-4 family property with a transaction valued up to $1 million; and non-residential property with a transaction valued up to $250,000. |
|
Certified Residential (AR) |
200 hours, covering specific modules, including the 15-hour National USPAP Course, and meeting the criteria of one of the options listed in the next table labeled “College Level Education Options for Certified Residential.” All initial and reciprocal applicants must also complete the following approved courses prior to obtaining a license:
|
1,500 hours and encompassing no less than 12 months’ acceptable appraisal experience. |
Any 1-4 family property without regard to transaction value or complexity; and non-residential property with a transaction value up to $250,000. |
|
Certified General (AG) |
300 hours, covering specific modules, including the 15-hour National USPAP Course; and a Bachelor's degree or higher from an accredited college or university. All initial and reciprocal applicants must also complete the following approved courses prior to obtaining a license:
|
3,000 hours and encompassing no less than 18 months of acceptable appraisal experience, of which 1,500 hours must be non-residential. |
All real estate without regard to transaction value or complexity. |
Educational Options for Appraiser Licensing
|
College Level Education Options for Certified Residential Appraiser |
|
|
Option #1 |
Bachelor’s degree from an accredited college or university in any field of study |
|
Option #2 |
Associate’s degree from an accredited college or university in a field of study related to:
|
|
Option #3 |
Successful completion of 30 semester units of college-level courses from an accredited college or university that cover each of the following specific topic areas and are at least 3 units each:
Two elective courses in any of the above topics, or in:
|
|
Option #4 |
Successful completion of at least 30 semester units of the College Level Examination Program® (CLEP®) examinations that cover each of the specific topic areas in Option #3 (see Equivalency Table below). |
|
Option #5 |
Any combination of Option #3 and Option #4 that includes all of the topics identified in Option #3. |
|
Option #6 |
No college-level education is required if an appraiser has held a Licensed Residential credential for a minimum of five (5) years and has no record of any adverse, final, and non-appealable disciplinary action affecting the Licensed Residential appraiser’s legal eligibility to engage in the appraisal practice within the five (5) years immediately preceding the date the application is received for a Certified Residential credential. |
Practice Zone
 |
You have explored licensing requirements and the routine duties of real estate agents, mortgage loan officers, and appraisers. Identify the role that best aligns with your ideal profession and explain your choice. What makes this profession the best fit for you? |