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    Practical Applications of Real Estate Appraisal

    Practical Applications of Real Estate Appraisal

    Complete your appraisal experience virtually with AI PAREA.

    AI PAREA

    AI PAREA, the Appraisal Institute Practical Applications of Real Estate Appraisal program, is a new way to gain the experience hours you need to become a real estate appraiser. Instead of the traditional path of finding a supervisory appraiser on your own, AI PAREA combines online coursework, simulated appraisal assignments, and dedicated mentors into one guided program you can complete on your own schedule.

    Whether you're just starting out or working to advance your credential, AI PAREA gives you a clear, structured path forward, without the uncertainty of lining up experience hours the traditional way.

    Read the AI PAREA FAQs

    Is AI PAREA right for you?

    Choose the path that fits where you are today. We'll guide you the rest of the way.

    I Want To Become a Licensed Residential Appraiser

    Start here if you're new to appraisal or working toward your first credential. We'll walk you through education, mentorship, and gaining your required experience.

    Explore LR PAREA

    I Want to Upgrade/Advance To Certified Residential Appraiser

    Start here if you already have the Licensed Residential credential OR have completed the Licensed Residential PAREA program. 

    Explore CR PAREA

    How It Works

    With AI PAREA, you’ll complete the experience requirement by virtually appraising properties under the guidance of a dedicated mentor. As part of the AI community, we’re with you every step of the way. Here’s what you can expect:

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    A Dedicated Mentor

    Appraise properties virtually with personalized guidance from designated certified appraisers who help you navigate the path to credentialing.

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    Simulated Appraisals

    Complete practice assignments and immersive skills activities designed to help you apply the knowledge you've gained to real life examples.

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    Fulfill Your Experience

    Cross the finish line by completing the 3 final graded assignments, a milestone moment on your journey with AI PAREA and a significant step toward becoming a real property appraiser.

    Hear From Our Graduates

    Get inspired by real stories from AI PAREA graduates. Discover why they chose this path, what the program was like, and where it's taken their careers.

    Angela Craig
    Angela Craig
    Diego Ferrer
    Diego Ferrer
    Ted Booker
    Ted Booker
    Andrea Reveley
    Andrea Reveley
    Angela Craig
    Austin, TX
    AI PAREA Graduate | Licensed and Certified Residential

    "I know there's a lot of people who doubt whether PAREA can be a legitimate path, but look at me. I went through Licensed Residential and was licensed immediately. I think the experience is broader than working with an individual supervisor-mentor relationship, and you'll be a stronger, better appraiser when you get out."

    Watch Video

    Diego Ferrer
    Philadelphia, PA
    AI PAREA Graduate | Licensed Residential

    "PAREA made possible not only access to my dream career, but it set me up to thrive. I'm not just going to go through it, I'll be able to thrive and do great, and now I have access to it. I'm so thankful."

    Ted Booker
    Michigan
    AI PAREA Graduate | Licensed Residential

    "Despite my background as a journalist and property assessor, no appraisers were willing to take on a trainee. So when I learned about PAREA, I jumped at the opportunity. I finished PAREA's Licensed Residential module in 2025 and became licensed in Michigan. The bottom line: I've found a career I love and am proud to call myself a PAREA alum."

    Andrea Reveley
    Montana and Georgia
    AI PAREA Graduate | Licensed Residential

    "PAREA gave me a strong, practical foundation through real-world assignments. My mentor, Briana, was a great support and guided me through PAREA and coached me along the way. Since completing PAREA, I now work full time in residential appraisal, and I'm excited about continuing to grow alongside my business partner at RevEconomics.”"

    Interested in Hiring a PAREA Graduate?

    We have a simple way for members to get involved. Through a new Employer Interest List, members who are hiring and want to connect with PAREA graduates can submit their information and match graduates in their selected areas. Combined with mentoring, chapter outreach, and word-of-mouth recruitment, this gives members several practical ways to help strengthen the profession’s pipeline.

    If we want to grow the next generation of appraisers, PAREA gives members a place to make a meaningful difference right now.

    Mentors To Help You Succeed

    AI PAREA mentors are Designated Members who represent the best of the best in the valuation profession. Your mentor or mentors will share their advanced knowledge and extensive experience to accelerate your growth and learning.

    With AI PAREA mentors by your side, you're not just a learner, you're an emerging appraisal leader. Select a mentor's photo to view additional details about their professional background.

    Briana Kathryn Criqui

    SRA, AI-RRS

    AI PAREA Mentor

    Most of my 35+-year appraisal career has been as a fee appraiser focused on residential appraisal and specializing in complex properties, proposed construction, and private assignments involving litigation. I also owned a small residential appraisal firm employing certified and trainee appraisers. I’m a past regional representative, Education Committee member, and Finance Committee member for AI’s Seattle Chapter, and currently serve as director and Budget Committee chair for the Appraisers’ Coalition of Washington.

    Bruce Flanagan, Jr.

    SRA

    AI PAREA Mentor

    I’ve worked in residential appraisal for large lending institutions for more than 37 years and ran my own firm for more than 22 years. I’ve appraised a variety of property types on the East and West Coasts of the U.S. and mentored many appraiser trainees. I serve as an SRA Candidate Advisor and have also served on the board of directors of AI’s D.C. Chapter.

    Ayako Marsh Miranda

    SRA

    AI PAREA Mentor

    For over 25 years, I specialized in appraising residential properties in the Washington, DC market. My specialties were condo conversions, 2-4 units and rebuilds. As Past President of the Washington, DC Metro Chapter of the Appraisal Institute, I am committed to the development of the next generation of appraisers. Now back in Atlanta, GA, I am actively engaged with aspiring appraisers and providing consumer education. I hold a B.A. in Economics from Howard University.

    Carol Peisley

    SRA, AI-RRS

    AI PAREA Mentor

    With over 30 years of appraisal experience, I have appraised several types of residential properties. Single-unit, multi-unit, waterfront, acreage, and condominiums are examples. After seven years of mentorship from an MAI, I opened a residential firm. I have also been a supervisor mentoring new trainees during my appraisal career. I joined the Seattle Chapter of the Appraisal Institute early in my appraisal career. Volunteering and serving as Secretary, Treasurer and President (2006) created local professional relationships. I am delighted to mentor new AI PAREA participants as they start their appraisal journey.

    Nathan Pippin

    SRA, AI-RRS

    AI PAREA Mentor

    I have more than 20 years of experience in residential real estate appraisal and consulting. My work includes traditional lending assignments as well as non-lending appraisal work such as estate valuation and eminent domain matters. I also have extensive experience in appraisal review, including forensic review, collateral underwriting, quality control, and dispute resolution, which has provided a unique perspective on the full life cycle of an appraisal. I am a Certified Residential Appraiser licensed in North Carolina, Virginia, and Florida and hold the SRA designation from the Appraisal Institute. I am active with the Appraisal Institute Education and Relief Foundation and the North Carolina Chapter of the Appraisal Institute, and I have a strong interest in professional advocacy and advancing positive change within the valuation profession.

    Sarah VandenBerg

    SRA, AI-RRS

    AI PAREA Mentor

    I have been in the appraisal industry for 25 years, including 15 years as a fee appraiser specializing in rural and waterfront vacant land, single-unit, and 2–4 unit residential properties in Southwest Michigan. For nine years I worked as the Director of the Appraisal Department for a mid-size lending institution, responsible for overseeing all aspects of appraisal operations for the retail and wholesale lending divisions. I then transitioned to residential mortgage lending and have experience in appraisal management, review, training, and underwriting. I am ready for this next challenge and thrilled to have the opportunity to work as a Mentor within the AI PAREA program.

    Allan Waller

    SRA

    AI PAREA Mentor

    I have over 30 years of experience in the real estate industry, starting with residential renovation, then moving to home inspection, and finally transitioning to residential appraisal specializing in complex, multiunit, and rural properties. Prior to being an AI PAREA mentor, I spent the last eight years as the Assistant Vice President and Residential Review Appraiser for a lending institution. I have presented at the Appraisal Institute’s Annual Fall Conference and have taught real estate appraisal to local lending and real estate professionals in Seattle, WA. I look forward to mentoring AI PAREA participants as they enter this exciting field.

    Dana Thornberry

    MAI, SRA

    AI PAREA Mentor Manager

    As a practicing appraiser for over 35 years, I’ve worked with a range of clients and property types. I am currently the AI PAREA Mentor Manager and have been involved with AI PAREA since 2023. I’ve been an AI instructor since 2011 and have taught several educational offerings AI PAREA participants are required to complete. I’m also a Certified Distance Education Instructor (CDEI) and an AQB-Certified USPAP Instructor. I was previously a Candidate for Designation Advisor and I’ve held various positions – most recently past president – for AI’s Bluegrass Chapter, based out of Louisville, Kentucky.

    Pathways to Success Scholarship

    Applications for the TAF Pathways to Success Scholarship are currently closed. New scholarship opportunities are coming soon. Please check back for updates.

    AIERF PAREA Scholarship

    The Appraisal Institute Education and Relief Foundation (AIERF) is pleased to offer a $4,500 scholarship to aspiring appraisers that can be applied toward the cost of the PAREA program registration fee. Scholarships are available for both the Licensed Residential and Certified Residential PAREA programs for eligible applicants.

    Applications close September 30, 2026.

    Licensed Residential Application   Certified Residential Application

    Members price savings for ai parea program

    Want to Save on AI PAREA?

    When you become a member of the Appraisal Institute, you're eligible for significant savings on AI PAREA. Join AI as an Associate Member to receive the member rate.

    At the Appraisal Institute, our mission is to help you succeed and advance. When you join AI, you gain a professional partner, equipping you with the education, resources, connections and support you need at every career stage.

    Ready to Take the Next Step?

    Whether you're just starting with Licensed Residential or moving up to Certified Residential, AI PAREA makes it possible to complete your experience virtually.

    Explore LR PAREA    Explore CR PAREA
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    Still have questions?

    Find answers on our AI PAREA FAQs, visit the Support Center, or reach out to us directly.

    PAREA Contributors

    The Appraisal Institute thanks the following people and organizations for their generous contributions to the development of the AI PAREA programs.

    Accurity TAF AppraisalPros NSREA
    PropertyReach SFREP Stellar MLS  
    • Pledger M. Bishop, III, MAI, SRA, AI-GRS
    • Kenneth G. Foltz, MAI, SRA
    • Cheryl A. Kunzler, SRA, AI-RRS
    • Richard S. Larkin, SRA
    • Maria A. Nucci, SRA, AI-RRS
    • Mark R. Ratterman, MAI, SRA
    • Maureen B. Sweeney, SRA, AI-RRS
    • Dana Thornberry Appraisals, LLC