1. (A) Applicants desiring to be an apprentice appraiser, a licensed appraiser or a certified appraiser shall satisfy the standards and requirements set forth in the Real Property Appraiser Qualification Criteria as implemented by the Appraisal Foundation’s Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB) as endorsed by the Appraisal Subcommittee pursuant to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which is hereby incorporated by reference, including subsequent amendments and editions, and can be found at www.appraisalfoundation.org.

2. (B) In addition to the requirements of Section 40-60-31 and Section 40-60-33, apprentice appraiser applicants shall meet the following qualifications:

   1. (1) Effective January 1, 2026, eighty-three (83) hours of Core Curriculum prescribed by the AQB in qualifying education covering thirty (30) hours in Basic Appraisal Principles, thirty (30) hours in Basic Appraisal Procedures, fifteen (15) hours in National Uniform Standards of Professional Appraisal Practice or its equivalent as determined by the AQB, and eight (8) hours in Valuation Bias and Fair Housing Laws and Regulations.

3. (C) In addition to the requirements of Section 40-60-33(2), applicants for a licensed real estate appraiser and licensed mass appraiser shall meet the following qualifications:

   1. (1) Effective January 1, 2026, must have one hundred fifty-eight (158) hours of Core Curriculum prescribed by the AQB in qualifying education, fifteen (15) hours in Market Analysis and Highest and Best Use, fifteen (15) hours in Appraiser Site Valuation and Cost Approach, thirty (30) hours in Sales Comparison and Income Approaches, and fifteen (15) hours in Report Writing and Case Studies.
   2. (2) Obtained a minimum of one thousand (1,000) hours of appraisal experience in appraising either residential or nonresidential properties. Mass appraiser’s experience may be one hundred (100%) percent ad valorem tax appraisal. The maximum number of hours which an applicant can earn in review (field, documentary, or desk) appraisal experience is limited to five hundred (500) hours. Qualifying experience must be obtained and documented after January 1, 1992, be in appraisal work conforming to USPAP Standards where the appraiser demonstrates proficiency in appraisal principles, methodology, procedures (development), reporting conclusions, sufficient to demonstrate competency in all USPAP Standards; and
   3. (3) Have at least six (6) months of real estate appraisal experience commencing as of the date that the first assignment is completed after the initial license is issued; or
   4. (4) Complete an AQB Practical Applications of Real Estate Appraisal (PAREA) program or State Practicum program as approved by the Board, along with the required Core Curriculum; and
   5. (5) Successfully pass an approved AQB exam. An applicant not licensed within two years after passing the examination must retake the examination.

4. (D) In addition to Section 40-60-33(3), a certified residential real estate appraiser or certified residential mass appraiser shall meet the following qualifications:

   1. (1) Effective January 1, 2026, two hundred (200) hours of Core Curriculum prescribed by the AQB in qualifying education, fifteen (15) hours in Statistics, Modeling, and Finance, fifteen (15) hours in Advanced Applications and Case Studies, and twelve (12) hours in appraisal subject matter electives;
   2. (2) Certified Residential real estate appraiser credentialed as a Licensed Appraiser for a minimum of five (5) years and have no record of any disciplinary action affecting the Licensed Appraiser’s legal eligibility to engage in appraisal practice within the previous five (5) years, or
   3. (3) Certified Residential real estate appraiser must hold a Bachelor’s degree or higher, or

   4. (4) Certified Residential real estate appraiser must hold an Associate’s degree in a field of study related to Business Administration, Accounting, Finance, Economics or Real Estate from an accredited college, community college, or university. In lieu of the degree requirement, an applicant for the certified residential appraiser credential shall successfully complete thirty (30) semester hours of college-level education from an accredited college, junior college, community college or university in the following topic areas:

      English Composition (3 hours)

      Microeconomics (3 hours)

      Macroeconomics (3 hours)

      Finance (3 hours)

      Algebra, Geometry or Higher Math (3 hours)

      Statistics (3 hours)

      Computer Science (3 hours)

      Business or Real Estate Law (3 hours)

      Two elective courses in any of the above topics, or in Accounting, Geography, Agricultural Economics, Business Management or Real Estate (3 hours each)

      The college or university must be a degree-granting institution accredited by the Commission on Colleges, a regional or national accreditation association, or by an accrediting agency that is recognized by the U.S. Secretary of Education. If an accredited college or university accepts the College-Level Examination Program (CLEP) examination(s) and issues a transcript for the exam, showing its approval, it will be considered as credit for the college course.

   5. (5) Obtained a minimum of one thousand five hundred (1,500) hours of appraisal experience in appraising either residential or nonresidential properties. Mass appraiser’s experience may be one hundred (100%) percent ad valorem tax appraisal. The maximum number of hours which an applicant can earn in review (field, documentary, or desk) appraisal experience is limited to seven hundred fifty (750) hours. Qualifying experience must be obtained and documented after January 1, 1992, be in appraisal work conforming to USPAP Standards where the appraiser demonstrates proficiency in appraisal principles, methodology, procedures (development), reporting conclusions, and be of a variety sufficient to demonstrate competency in all USPAP Standards;
   6. (6) Have at least twelve (12) months of real estate appraisal experience commencing as of the date that the first assignment is completed after the initial license is issued; or
   7. (7) complete an AQB Practical Applications of Real Estate Appraisal (PAREA) program or State Practicum program as approved by the Board, along with the required Core Curriculum; and
   8. (8) Successfully pass an AQB approved exam. An applicant not certified within two years after passing the examination must retake the examination.

5. (E) In addition to the requirements of Section 40-60-33(4), applications for a certified general real estate appraiser or certified general mass appraiser shall meet the following qualifications:

   1. (1) Effective January 1, 2026, three hundred (300) hours of Core Curriculum prescribed by the AQB in qualifying education consisting of eighty-three (83) hours as required for the Apprentice Appraiser credential, fifteen (15) hours in Statistics, Modeling, and Finance, thirty (30) hours in General Appraiser Market Analysis and Highest and Best Use, thirty (30) hours in General Appraiser Sales Comparison Approach, at least thirty (30) hours in General Appraiser Site Valuation and Cost Approach, sixty (60) hours in General Appraiser Income Approach, thirty (30) hours in General Appraiser Report Writing and Case Studies, and twenty-two (22) hours in appraisal subject matter electives. An applicant may use the general appraiser qualifying courses to apply for upgrade to Licensed or Certified Residential in lieu of the residential appraiser qualifying courses;
   2. (2) Certified General real estate appraiser must hold a Bachelor’s degree or higher from an accredited college or university;
   3. (3) Obtained a minimum of three thousand (3,000) hours of appraisal experience, fifty (50%) percent of which must come from appraising nonresidential properties. Mass appraiser’s experience may be one hundred (100%) percent ad valorem tax appraisal. The maximum number of hours which an applicant can earn in review (field, documentary, or desk) appraisal experience is limited to one thousand five hundred (1,500) hours. Qualifying experience must be obtained and documented after January 1, 1992, be in appraisal work conforming to USPAP Standards where the appraiser demonstrates proficiency in appraisal principles, methodology, procedures (development), reporting conclusions, sufficient to demonstrate competency in all USPAP requirements;
   4. (4) Have at least eighteen (18) months of real estate appraisal experience commencing as of the date that the first assignment is completed after the initial license is issued; and
   5. (5) Successfully pass an approved AQB exam. An applicant not certified within two years after passing the examination.
6. (F) Courses taken in satisfying the qualifying education requirements should not be repetitive in nature. Each course credited toward the required number of qualifying education hours should represent a progression in which the appraiser’s knowledge is increased.
7. (G) Certified residential mass appraisers and certified general mass appraisers do not have to meet college requirements stated in 137-100.02(D) or (E).
8. (H) The Board may waive the examination requirements for those applicants who are currently licensed or certified in another state upon proof that the applicant has successfully passed an AQB approved exam which served as a requirement for licensure or certification in the state where he is currently licensed or certified.

HISTORY: Added by State Register Volume 19, Issue No. 6, eff June 23, 1995. Amended by State Register Volume 25, Issue No. 5, Part 2, eff May 25, 2001; State Register Volume 32, Issue No. 2, eff February 22, 2008; State Register Volume 38, Issue No. 6, Doc. No. 4426, eff June 27, 2014; SCSR 42-5 Doc. No. 4766, eff May 25, 2018; SCSR 43-5 Doc. No. 4857, eff May 24, 2019; SCSR 46-5 Doc. No. 5100, eff May 27, 2022; SCSR 49-5 Doc. No. 5340, eff May 23, 2025.