Appraiser

How to upgrade my license

 

How to transfer a license from another state:

 

Non-Resident/Temporary appraiser information, Newsletters and Forms


 

Appraiser Statutes

Appraiser Rules and Regulations

 

STATE LICENSED TO CERTIFIED RESIDENTIAL:

 

Required Education

Statistics, Modeling and Finance 15 hrs
Advanced Residential Applications and Case Studies 15 hrs
Appraisal Subject Matter Electives 20 hrs
Total 50 hrs

Qualifying Education

A. Applicants for the certified residential license must hold an Associate Degree, or higher, from an
accredited college, junior college, community college, or university, unless the requirements   below in “B” are satisfied.

B. In lieu of the Associate degree, an applicant for the Certified Residential license shall    successfully pass all of the following collegiate subject matter courses from an accredited   college, junior college, community college, or university:

1.  English Composition;
2.  Principles of Economics (Micro or Macro);
3.  Finance;
4.  Algebra, Geometry, or higher mathematics;
5.  Statistics;
6.  Computer Science; and
7.  Business or Real Estate Law

C. The in lieu of education shall include at least three (3) semester credit hours (or equivalent) in   each subject matter area listed above.

D. All courses used in lieu of the required degree must have been completed at a college or  university that is an accredited, degree-granting institution.


Required Experience

Two thousand five hundred (2,500) hours of experience obtained during no fewer than twenty-four (24) months is required.  While the hours may be cumulative, the required number of months must accrue before an individual can be certified.

 

 

STATE LICENSED TO CERTIFIED GENERAL:


Required Education

General Appraiser Market Analysis & Highest and Best Use 15 hrs
Statistics, Modeling and Finance 15 hrs
General Appraiser Sales Comparison Approach 15 hrs
General Appraiser Site Valuation & Cost Approach 15 hrs
General Appraiser Income Approach 45 hrs
General Appraiser Report Writing & Case Studies 15 hrs
Appraiser Subject Matter Electives 30 hrs
Total 150 hrs

Qualifying Education


A. Applicants for the Certified General license must hold a Bachelor’s Degree or higher from an  accredited college or university, unless the requirements below in “B” are satisfied.
B. In lieu of the Bachelor’s Degree, an applicant for the Certified General credential shall  successfully pass all of the following collegiate level subject matter courses from an accredited  college, junior college, community college or university:
1. English Composition;
2. Micro Economics;
3. Macro Economics,
4. Finance;
5. Algebra, Geometry, or higher mathematics;
6. Statistics;
7. Computer Science;
8. Business or Real Estate Law; and
9. Two (2) elective courses in accounting, geography, agricultural economics, business management, or real estate.

 

C. The in lieu of education shall include at least three (3) semester credit hours (or equivalent) in  each subject matter area listed above.
D. All courses used in lieu of the required degree must have been completed at a college or  university that is an accredited, degree-granting institution.

Required Experience
Three thousand (3,000) hours of experience obtained during no fewer than thirty (30) months is required, of which, one thousand five hundred (1,500) hours must be in non-residential appraisal work.  While the hours may be cumulative, the required number of months must accrue before an individual can be certified.

 

 

CERTIFIED RESIDENTIAL TO CERTIFIED GENERAL:

 

Required Education

General Appraiser Market Analysis & Highest and Best Use 15 hrs
General Appraiser Sales Comparison Approach 15 hrs
General Appraiser Site Valuation & Cost Approach 15 hrs
General Appraiser Income Approach 45 hrs
General Appraiser Report Writing & Case Studies 10 hrs
Total 100 hrs

Qualifying Education

A. Applicants for the Certified General license must hold a Bachelor’s Degree or higher from an  accredited college or university, unless the requirements below in “B” are satisfied.

B. In lieu of the Bachelor’s Degree, an applicant for the Certified General credential shall  successfully pass all of the following collegiate level subject matter courses from an accredited  college, junior college, community college or university:

1. English Composition;
2. Micro Economics;
3. Macro Economics,
4. Finance;
5. Algebra, Geometry, or higher mathematics;
6. Statistics;
7. Computer Science;
8. Business or Real Estate Law; and
9. Two (2) elective courses in accounting, geography, agricultural economics, business    management, or real  estate.

C. The in lieu of education shall include at least three (3) semester credit hours (or equivalent) in  each subject matter area listed above.

D. All courses used in lieu of the required degree must have been completed at a college or  university that is an accredited, degree-granting institution.

Required Experience

Three thousand (3,000) hours of experience obtained during no fewer than thirty (30) months is required, of which, one thousand five hundred (1,500) hours must be in non-residential appraisal work.  While the hours may be cumulative, the required number of months must accrue before an individual can be certified.

 

How to Apply for Reciprocity

Non-Resident/Temporary Status:
How to apply (if any of these are missing upon receipt to the Arkansas Board it will be returned):

  1. The three page application must be filled out and notarized prior to submitting to the Arkansas Appraisal Board.  Application
  2. The fee of either $340 for non-resident status or $150 for temporary status must accompany the application.


How to renew your non-resident (1 year) status license (if any of these items are missing upon receipt to the Arkansas Board it will be returned):

  1. The three page application must be filled out and notarized prior to submitting for renewal to the Arkansas Appraisal Board.  Renewal Application
  2. The fee of $340 must accompany the application.
  3. You must have 14 hours of continuing education taken within the last year you have been licensed with Arkansas.

Please send all correspondence to 101 E. Capitol, Suite 430, Little Rock, AR 72201.

 

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