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A licensed residential appraiser may appraise one-to-four (non-complex) residential units with a transactional value less than $1 million and one-to-four (complex) residential units with a transactional value less than $400,000.
Education requirement: at least 150 hours* of qualifying education:
*Certain states may require additional education, so please refer to the state's requirements.
Appraisal Institute Education Packages
FLORIDA licensees: The state of Florida has different versions of the following courses: Residential Site Valuation and Cost Approach - Florida Version and Residential Report Writing and Case Studies - Florida Version.
The successful pass of the Licensed Residential Real Property Appraiser examination.
The accumulation of 1,000 hours of experience in six months (or more).
Experience minimums may vary in each state, so please refer to the state's requirements.
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