As mandated by Act 725 of 2021, the entities under the Arkansas Department of Labor and Licensing have implemented a waiver of the initial licensing fee for applicants who qualify for the Workforce Expansion Act of 2021. If the initial applicant is currently receiving assistance through the Arkansas Medicaid Program, Supplemental Nutrition Assistance Program (SNAP), Special Supplemental Nutrition Program for Women, Infants and Children (WIC), Temporary Assistance for Needy Families Program (TANF), Lifeline Assistance Program and/or the applicant was approved for unemployment within the last twelve (12) months and/or the applicant’s income does not exceed two hundred percent (200%) of the federal poverty income guidelines that applicant may qualify for the waiver.
If you meet the qualifications for the Workforce Waiver, please contact our office at 501-296-1843 or diana.piechocki@arkansas.gov to provide documentation and request the waiver for the initial application fee.
Please Note: You must be a Registered Apprentice (RA) Appraiser to be eligible for an upgrade to Licensed or Certified.
Please mail documents to AALCB, 900 W Capitol Ave, Suite 400, Little Rock AR 72201. If any of the required items are missing from an application upon receipt by AALCB, the application will be returned.
Please mail documents to AALCB, 900 W Capitol Ave, Suite 400, Little Rock AR 72201. If any of the required items are missing from an application upon receipt by AALCB, the application will be returned.
PLEASE NOTE: Arkansas State Registered and Registered Apprentice Appraisers must renew by December 31 of each year. If you renew after December 31, you must include the fee and $50 for each month or partial month you are late.
Real Property Appraiser Classifications in Arkansas
PLEASE NOTE: To find the current list of AALCB Approved Appraisal Education, please go the "Education" tab on our homepage.
USPAP..................................................................................... 15 hrs
Basic Appraisal Principles.......................................................... 30 hrs
Basic Appraisal Procedures....................................................... 30 hrs
Supervisor/Trainee Course ......................................................... 4 hrs
79 TOTAL HOURS
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
79 Core Courses + 75 hrs SL Courses = 154 TOTAL HOURS
No college level education is required.
Required Experience
One thousand (1,000) hours of experience are required to be obtained in no fewer than six (6)months. While the hours may be cumulative, the required number of months must accrue before an individual can be licensed.
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Residential Market Analysis & Highest and Best Use................... 15 hrs Residential Appraiser Site Valuation and Cost Approach............. 15 hrs Residential 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 (must be tested).................... 20 hrs 79 Core Courses + 125 hrs CR Courses = 204 TOTAL HOURS |
Applicants for a Certified Residential (CR) credential must meet the Qualifying Education requirements outlined in Section VI (C) on pages 32-33 of the AALCB Rules.
Required Experience
One thousand five hundered (1,500) hours of experience obtained during no fewer than twelve (12) months is required. While the hours may be cumulative, the required number of months must accrue before an individual can be certified.
General Appraiser Market Analysis and Highest and Best Use..... 30 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
Statistics, Modeling and Finance................................................ 15 hrs
Appraiser Subject Matter Electives (must be tested).................... 30 hrs
79 Core Courses + 225 hrs CG Courses = 304 TOTAL HOURS
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 eighteen (18) 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.
