Arkansas ALCB

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Becoming an Appraiser

How to become an appraiser

 

To become State Registered: You must take these courses prior to receiving your State Registration

Supervisor/Trainee course Registration Form

Required Education

USPAP (must be taken in person) 15 hrs
Basic Appraisal Principles 30 hrs
Basic Appraisal Procedures 30 hrs
Supervisor/Trainee Course (only allowed taken through the ALCB)

4 hrs
                                                                                                 Total 79 hrs


To become State Licensed:

Required Education

Residential Market Analysis & Highest and Best Use 15 hrs
Residential Appraiser Site Valuation & Cost Approach 15 hrs
Residential Sales Comparison & Income Approaches  30 hrs
Residential Report Writing & Case Studies 15 hrs
TOTAL 75 hrs

 

You must have completed 30 semester hours from an accredited college, junior college, community college or university.  Applicants holding an Associate degree or higher from an accredited college, junior college, community college or university satisfy the 30-hour college level education requirement.

 

Required Experience

Two thousand (2,000) hours of experience are required to be obtained in no fewer than twelve (12) months. While the hours may be cumulative, the required number of months must accrue before an individual can be certified.

 

 

To become Certified Residential:

Required Education

Residential Market Analysis & Highest and Best Use

15 hrs
Residential Appraiser Site Valuation and Cost Approach

15 hrs
Residntial Sales Comparison and Income Approaches

30 hrs
Residential Report Writing & Case Studies

15 hrs
Statistics, Modeling and Finance

15 hrs
Advanced Residential Applications and Case Studies

15 hrs
Appraisal Subject Matter Electives

20 hrs
                                                                               Total  

125 hrs

 

You must have a Bachelor’s degree or higher from an accredited college or university.

 

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.

 

 

To become Certified General:

Required Education

General Appraiser Market Analysis and Highest and Best Use 30 hrs
Statistics, Modeling and Finance 15 hrs
General Appraiser Sales Comparison Approach 30 hrs
General Appraiser Site Valuation & Cost Approach 30 hrs
General Appraiser Income Approach 60 hrs
General Appraiser Report Writing & Case Studies 30 hrs
Appraiser Subject Matter Electives 30 hrs
                                                                                        Total 225 hrs

 

You must have a Bachelor’s degree or higher from an accredited college or university.

 

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.

 

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