Site Menu
Site Menu
THIS IS A TEST SITE

Earn Your Real Estate Appraisal License!

LIBOR Offers Real Estate Appraisal Licensing and Appraisal Continuing Education Courses through McKissock Learning — ONLINE!

An appraiser is one who develops and reports an opinion of value on a specific type of property. Appraisers may opt to specialize in various disciplines such as:

  • Real Property appraisal, which is the valuation of real estate. Real Property appraisers can choose specialties to practice within such as residential, commercial and agricultural.
  • Personal Property appraisal, which encompasses all types of personal property such as fine and decorative arts, antiques, gems and jewelry and machinery and equipment.
  • Business Valuation which is the valuing of businesses including all tangible and intangible assets ranging from the value of the equipment to the value of the business name or logo.
  • Mass Appraisal which encompasses techniques that are used when valuing multiple types of real property or personal property using general recognized formulas.

While most appraisers choose to specialize in just one area of practice, many appraisers practice in more than one discipline.

The Appraiser Qualifications Board (AQB) of The Appraisal Foundation recommends the following minimum criteria for assistant, state licensed and state certified real property appraisers.

Appraiser Assistant
License

Education: 79 hours

Experience: No Experience Required

  • Basic Appraisal Principles (R-5)(30 hours)
  • Basic Appraisal Procedures (R-6)(30 hours)
  • 15 Hour National USPAP Course or its equivalent(15 hours)
  • Supervisory Appraiser/Trainee Appraiser Course(4 hours)

Exam Required: No

College: No college-level education is required

State Licensed Residential
Real Estate Appraiser

Education: 150 hours

Experience: 1000 hours over a period of not less than 24 months 

  • Basic Appraisal Principles (R-5) (30 hours)
  • Basic Appraisal Practices (R-6) (30 hours)
  • 15 Hour National USPAP (15 hours)
  • Residential Market Analysis and Highest/best Use (R-7) (15 hours)
  • Residential Appraiser Site Valuation and Cost Approach (R-8) (15 hours)
  • Residential Sales Comparison and Income Approach (R-9) (30 hours)
  • Residential Report Writing and Case Studies (R-10) (15 hours)

Exam Required: Yes

College: No college-level education is required

State Certified Residential
Real Estate Appraiser

Education: 200 hours

Experience: 1500 hours over a period of not less than 24 months.  Residential experience must contain experience in residential single-family, residential multi-family, vacant lot or farm.

  • Basic Appraisal Principles (R-5) (30 hours)
  • Basic Appraisal Procedures (R-6) (30 hours)
  • 15 Hour National USPAP (15 hours)
  • Residential Market Analysis and Highest/best Use (R-7) (15 hours)
  • Residential Appraiser Site Valuation and Cost Approach (R-8) (15 hours)
  • Residential Sales Comparison and Income Approach (R-9) (30 hours)
  • Res. Report Writing and Case Studies (R-10) (15 hours)
  • Statistics, Modeling and Finance (SMF) (15 hours)
  • Advanced Residential Applications and Case Studies (R-11) (15 hours)
  • Introduction to Residential Income Properties (RE-1) 20 hours OR Fair Housing, Fair Lending and Environmental Issues (RE-2) (20 hours)

Exam Required: Yes

College: 

  1. Bachelor’s Degree in any field of study
  2. Associate’s Degree in a focused field of study, such as business, economics, or real estate;
  3. Successful completion of 30 college semester credit hours in specified topics;
  4. Successful completion of College-Level Examination Program (CLEP)1 exams equivalent to a minimum of 30 semester credit hours in specified subject matter areas; or
  5. Any combination of #3 and #4 above that includes all of the topics identified.
  6. A LICENSED RESIDENTIAL appraiser who has been licensed for a minimum of 5 years and in good standing for at least 5 years with no disciplinary actions that would affect the individual’s ability to appraise may upgrade to CERTIFIED RESIDENTIAL without completing any college coursework.

State Certified General
Real Estate Appraiser

Education: 300 hours

Experience: 3000 hours over a period of not less than 24 months.  A Minimum of 1500 hours must be in non-residential appraisal.

  • Basic Appraisal Principles (R-5) (30 hours)
  • Basic Appraisal Procedures (R-6) (30 hours)
  • 15 Hour National USPAP (15 hours)
  • Gen. Market Analysis and Highest/best Use (G-4) (30 hours)
  • Statistics, Modeling and Finance (SMF) (15 hours)
  • General Appraiser Sales comparison Approach (G-5) (30 hours)
  • General Appraiser Site Valuation and Cost Approach (G-6) (30 hours)
  • General Appraiser Income Approach (G-7) (60 hours)
  • General Appraiser Report Writing and Case Studies (G-8) (30 hours)
  • Fair Housing, Fair Lending and Environmental Issues (GE-1) (15 hours)
  • Specialty Appraisals (GE-2) (15 hours) OR Using the HP12C Financial Calculator (GE-3) (15 hours)

Exam Required: Yes

College: Bachelor’s Degree or higher
Click Here for Pricing and to Register

Continuing Education Requirements for Appraiser License Renewal

  • Appraisal licenses expire two years from the date of issuance
  • All appraisers must complete 28 hours of continuing education appraiser classes within the two-year cycle
  • 7 hours must cover the USPAP Update course or its equivalent and a course of study pertaining to Fair Housing and Fair Lending. (A licensee who previously completed an approved course of study in Fair Housing, Fair Lending and Environmental Issues (RE-2) or (GE-1) prior to January 1, 2022, must complete either the designated four hour or seven-hour course on Fair Housing and Fair Lending prior to renewal.  A licensee who has NOT completed RE-2 or GE-1 prior to January 1, 2022, MUST complete the designated seven-hour course on Fair Housing, Fair Lending prior to renewal. For all subsequent renewals, licensees must complete the seven-hour National USPAP update course and either the four hour or seven-hour course of instruction pertaining to Fair Housing and Fair Lending within their two-year license/certification period prior to renewal.)
  • Please note that in accordance with the Appraisal Foundation requirements, appraisers must continue to maintain the 14 hour yearly continuing education requirement even if they do not renew their license.

Click Here for Pricing and to Register

Helpful Links to NY Department of State Appraisal Licensing Requirements and FAQs

NY Department of State Contact Center

McKissock Learning Technical Support

  • 1-800-328-2008
    Weekdays 8:00am - 8:00pm
    Weekends: 12:00pm - 3:30pm


 

About

Member Services

Additional Links

Connect with Us

© 2024 Long Island Board of Realtors, Inc. All Rights Reserved
Advertisers might use behavioral advertising. Learn more and opt-out of participating websites here and here

Terms of Use   |   Privacy Policy   |   DMCA Notice Accessibility