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I'm looking for a career while finishing college.

2006-08-18 04:29:33 · 3 answers · asked by Capricorn82 3 in Business & Finance Renting & Real Estate

3 answers

Regarding the education and experience, it depends on the license level you want to go for.

Registered Trainee Appraisers must fulfill 75 hours of education (15 of which must be ethics) and apply for a license with the State of Florida.

State Licensed Appraisers can appraise any non-complex 1-4 unit residential properties with a transaction value of less than $1,000,000. Most states require 90 hours of education (15 of which is ethics) and 2,000 hours of education (accumulated over a minimum of 2 years). After looking at Florida's appraiser requirements, it appears they do not offer this license level.

Certified Residential Appraisers can appraise all residential properties. The current requirement for Florida is 120 hours of education (15 of which must be ethics) and 2,500 hours of experience (accumulated over a minimum of 2 years). In addition, you must pass the Certified Residential examination and apply for a license with the State of Florida.

Certified General Appraisers can appraise all types of real estate. The current requirement for Florida is 180 hours of education (15 of which must be ethics) and 3,000 hours of experience (accumulated over a minimum of 2.5 years). In addition, you must pass the Certified General examination and apply for a license with the State of Florida.

If you're starting from scratch, you need to be aware that the requirements for real estate appraisers are changing nationwide effective January 1, 2008.

*Trainee: Education requirements will remain unchanged
*State Licensed: Education requirement will be increased to 150 hours
*Certified Residential: Education requirement will be increased to 200 hours, new college level requirement of an Associate Degree (or in lieu, 21 college semester hours in courses covering specified topics).
*Certified General: Education requiement will be increased to 300 hours, new college level requirement of a Bachelor Degree (or in lieu, 30 hours in courses covering specified topics).

For more information, I highly urge you to visit the following websites:

Florida Dept. of Business & Professional Regulation
http://www.myflorida.com/dbpr/re/freab_welcome.shtml

Appraisal Foundation (2008 Education Changes)
(http://www.appraisalfoundation.org/s_appraisal/sec.asp?CID=98&DID=133)

Best of luck!

2006-08-18 15:41:35 · answer #1 · answered by ? 3 · 0 0

You need 90 hours of core appraisal education, 15 hours of which must be the "Uniform Standards of Professional Appraisal Practice." On completion of your education, you will need to complete 2,000 hours of work experience as a trainee under the supervision of a licensed appraiser before you can sit for the residential appraiser exam.

You should identify an appraiser who is willing to be your supervisor before you spend the money on appraisal courses. You can download a list of licensed appraisers in FL by going to the Appraisal Subcommittee website. At the site, there is a National Registry tab. After clicking the tab, select "custom" inquiry. This will bring you to a filter that will allow you to select licensed FL appraisers. Be sure you choose the "active" appraiser filter. The site then downloads the appraiser list into an Excel spreadsheet.

On the Appraisal Subcommittee site, there is a tab for selecting state licensing offices. Click on FL's, and review the educational and experience requirements. Also, find a local school that offers the core education.

2006-08-18 18:58:03 · answer #2 · answered by fatalleycat41 3 · 0 0

You need to get licensed and certified to perform appraisals. Find out what the regulatory board of appraisers in your state and they can help you with information on certification classes and other requirements.

2006-08-18 12:24:41 · answer #3 · answered by boston857 5 · 0 0

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