General FAQs for getting an Appraisal License
You may have questions before, after, and even during your enrollment in one of our real estate appraisal license courses. Please refer to the questions below to get the information you need about your career training.
If you have any additional questions that are not addressed in this section, please complete a request for information form and an Admissions Representative will contact you.
How much do appraisers generally make?
The national average salary for appraisers in 2014 was $52,570 a year according to the Bureau of Labor Statistics. Income ranges depending on area and population. The top 10 percent of appraisers made an average of $95,020 a year.*
What’s the current work demand for appraisers?
According to the BLS, the job outlook for appraisers from 2014 to 2024 is expected to grow 8 percent over these years.* With loosening government lending restrictions, the real estate industry is expected to pick up over the next couple years, bringing in more investors and creating more jobs within the industry.
How does an online Real Estate Appraisal course work?
The online classroom format adds convenience to a course which is designed to make the class quick, easy, and comprehensive!
Our online Real Estate Appraisal courses can save you time. With online studying, you can start the coursework immediately. Your quizzes and final exam grade is processed instantly for you online, which increases your study speed and memory retention! You can start reading Chapter 1 and take the first quiz within minutes of enrolling. As soon as you sign up for the online course, we ship you the full Real Estate Appraisal course, so you can continue on to Chapter 2 whenever you are ready.
All quizzes are online, as is the final exam. With an online school, the final exam may be taken in your own home or office - a monitor is required. Upon completion of the course, you won’t be forced to wait for your Certificate of Completion. You will have access to a Certificate of Completion when you complete your appraisal courses.
What exactly does an appraiser do?
An appraiser inspects real estate property (land and/or structures) to estimate an accurate value and verify the condition of the property and its improvements. An appraiser must have in-depth knowledge of building techniques, geography, finance, and economics to arrive at a representative value of the appraised property. In order to secure a bank loan, the property must have an appraisal by a licensed appraiser.
What kind of jobs can an appraiser qualify for?
Appraisers often work for themselves. They can also work for mortgage firms, real estate brokers, lenders, corporations, and government agencies. Anyone that wants to invest in real estate needs accurate and concise information describing the property, its condition, and its value.
Real estate appraisal is an excellent additional skill for real estate salespeople, brokers, home inspectors, or other professionals who deal in the real estate industry.
Why should I take a distance education course instead of a live class?
Distance education is a win-win situation. Not only do you get a quality education, but you can complete the course in a flexible, convenient and fast manner. You have all of the benefits of a live class – teacher/student interaction, relevant course material, and ongoing student support – with the added benefits of learning from home.
Below is a list of just some of the differences:
Drive to class and sit in a classroom vs. Learn from the comfort of your home
Learn limited amount of material in class vs. Learn as quick as you want from home
Take your final exam at school vs. Take your final exam online from your home or office
Balance work/family issues vs. Choose to learn when it’s convenient
A live class does not let you be in charge of your education. Allied’s distance education options let you choose where, when and how to learn.
Allied is approved by the Appraiser Qualification Board (AQB), as well as an affiliate member of the National Association of Real Estate Appraisers (NAREA). We have partnered with NAREA in order to include a one-year membership to a professional trade association for our students. Membership to this organization offers appraisers the following great benefits:
E & O Insurance at discounted group rates.
Subscription to The Appraisal Times (the official newsletter of the NAREA).
Useful appraisal supplements and guides to assist you in appraising quickly and accurately according to current standards.
Eligibility to attend NAREA’s annual trade show and conferences.
NAREA Code of Ethics, suitable for framing.
And much more!
The Allied family has been in education and publishing since 1979 and offers a full-time student services department with Internet, fax, and e-mail capabilities. With this assistance, along with our trained counselors, help is only a phone call away. Allied has the most up-to-date materials available, which includes software, sample tests and review materials that will help you pass the state exam on your first try!
For California students: In the state of California, the Bureau of Real Estate Appraisers (BREA) does not accept distance education courses unless those courses meet specific requirements. Therefore, Allied’s appraisal courses have been approved by BREA and meet the minimum standards set by the national Appraiser Qualification Board (AQB).
What happens after I pass the state exam?
This depends on your state’s requirements. Most states require specific hours of "on-the-job" experience before or after you take the state license exam. When you successfully complete the exam and satisfy the required hours of work experience, you will become a Licensed Residential Appraiser. (The requirements may vary from state to state.) To upgrade your license, you will be required to complete further education and/or work experience. Contact us for further details!
Note: In California, you will submit your course completion certificates when applying to become a licensed Appraiser Trainee (AT). The state exam will be required once you complete your experience hours, fulfill additional education and apply to get your a Residential Appraiser License (AL).
What are the differences between Residential, Certified Residential, and Certified General appraiser licenses?
There are state by state variations; however, as a general rule the dollar value of the property being appraised is the primary factor that indicates what license level is required to effectively appraise it. Call for specific state information.
Is NOW a good time to start my appraisal career?
ABSOLUTELY! The solid real estate industry will open up more opportunities for licensed real estate appraisers. Employment of real estate appraisers is expected to grow as levels of real estate activity increase in markets across the country. This will lead to a greater need for licensed professionals to provide accurate and reliable home appraisals. A growing population is projected to create a greater housing need in the U.S. With a robust economy, individuals will be more likely to buy, sell, refinance or insure their homes. Be a part of this exciting field! Now is a GREAT time to get your appraisal license!
How can I get started with Allied’s appraisal courses?
Allied’s appraisal courses include everything you need to meet your required education hours. From the moment you enroll, you will have all of the tools you need at your fingertips. Enroll online or contact a friendly Admissions Representative at (800) 617-3513 for assistance today.
How do I take the examination?
Once you have completed your education requirement, you need to make an exam reservation with PSI, or another approved exam testing facility in your state. You can contact PSI’s Candidate Care Center at (800) 733-9267.
When do I apply for my appraisal license?
Application to the board must be made within one year of passing the examination. You can obtain the current application form and fee schedule from testing centers or directly from the Division of Real Estate.
What are the procedures for renewal?
The board will mail a renewal application form to the licensee and certificate holder at the last known home address and to the registered firm at the last known business address. This form will outline the procedures for renewal. Failure to receive the renewal application form will not relieve you of the obligation to renew. Prior to the expiration date shown on the license or registration, you need to return to the board the completed renewal application form and the appropriate renewal and registry fees.
What is considered a "complex" property?
A complex property is one that is "atypical" when considering age of improvements, architectural style, size of improvements, size of site, neighborhood land use, potential environmental hazards liability, limited readily available comparable sales data, or other unusual factors.
Call to get your appraiser license questions answered and enroll today!
*Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016-17 Edition,Appraisers and Assessors of Real Estate (website visited January 18, 2016).