2008 Appraisal Requirements
All Appraisal applicants must be at least 18 years of age and hold a high school diploma or it’s equivalent.
Registered Trainee
To become a Registered Trainee the student must meet the following requirements:
- Successfully complete Basic Appraisal Principles (30hrs)
- Successfully complete Basic Appraisal Procedures (30hrs)
- Successfully complete 15 Hr National USPAP
- Successfully complete Residential Report Writing (15hrs)
- Successfully complete State of Florida Law & Supervisor/Trainee Roles & Relationships (15hrs)
- Submit an application to the Division of Business and Professional Regulation with proof of successful completion of the 100hrs of education, electronic fingerprinting and the appropriate fee.
- Submit a complete RE-2060-1 form with employment information, if the information was not provided on the application.
Certified Residential Appraiser
To become a Certified Residential Appraiser, the student must meet the following requirements:
College Level Education Requirement
- an associate degree or higher from an accredited college, junior college, community college or university; or
- Successful passage of at least 21 credit hours or its equivalent, including all of the following collegiate subject matter courses from an accredited college, junior college, community college or university:
- English Composition;
- Principles of Economics (Micro or Macro);
- Finance;
- Algebra, Geometry or higher mathematics;
- Statistics;
- Computer Science; and
- Business or Real Estate Law
If an accredited college or university accepts the College-Level Examination Program (CLEP) examinations and issues a transcript for the exam, it will be considered as credit for the college course.
Appraisal Course Requirements
- Satisfactory completion of at least 200 classroom hours, which includes the initial 100hrs taken to be a Trainee, in approved academic courses in subjects related to real estate appraisal, including:
- Residential Market Analysis and Highest and Best Use (15hrs)
- Residential Site Valuation and Cost Approach (15hrs)
- Residential Sales Comparison and Income Approaches (15hrs)
- Statistics, Modeling and Finance (15hrs)
- Advanced Residential Applications and Case Studies (15hrs)
- Mastering Unique & Complex Property Appraisals (20hrs)
Experience Requirements
At least 2500 hours over a 24 month period. Upon request, applicant must provide the appraisal board, for its examination, copies of appraisal reports to support the claim of experience.
Other Requirements
- Successful completion of the AQB approved Certified Residential Property Examination and the Florida Laws and Rules Examination
- Submit an application, fingerprint card and appropriate fee.
A Certified Residential appraiser can appraise 1 – 4 residential units at any value or complexity including vacant / unimproved land that is utilized for, or for which the highest and best use is for 1 – 4 family purposes. They cannot appraise subdivisions where a development analysis / appraisal is necessary.
ABII
Students inquiring about the ABII course now need to do the individual courses that make up the additional 100 hours for the Certified Residential license.
Post License / Continuing Education Requirements:
All appraisal licenses expire on November 30th of even number years. The 45 hours of Post License must be completed by the appraiser prior to the second renewal. An appraiser whose license is issued within 6 months of the expiration date is not required to complete any education. They must submit their renewal notice with the appropriate fee. This is still considered their first renewal so they must do the 45 hours prior to their next renewal. They will then need to do the 30 hours of continuing education for all subsequent renewals.
The 45 hours of Post License:
- The course must contain the 15 Hour National USPAP, taught by AQB certified instructor.
- In addition to the 45 hours, the students must complete a minimum of 3 hours dedicated to Florida Real Estate Appraisal Law. All hours must be completed within the same renewal cycle.
- The course must be successfully completed with a minimum score of 75.
- If the student fails the end of course exam, they must wait at least 30 days to repeat the exam but no longer than one year.
- The course must be completed in the classroom
30 Hours of Continuing Education:
- The 30 hours shall include the 7 hour National USPAP update taught by an AQB certified instructor, 3 hours of Florida Real Estate Appraisal Law and 3 hours of Roles and Rules of Supervisor and Trainee Appraisers and 17 hours of specialty courses dealing with Real Estate Appraisal.
- Continuing education can be done via distance education. If students take the course through distance education they must successfully complete an exam for each course with a minimum score of 80.
