Online Schools for Real Estate Appraisers
Find out how much education and training you'd need to become a real estate appraiser, and review the certification requirements in the field. Explore some of the course topics you'd need to study to qualify for these certifications, and check the availability of online class options. Read more about the certification exam. Schools offering Real Estate degrees can also be found in these popular choices.
Real estate appraisers will need appropriate certifications and licensure in order to practice in the business of real estate. Study real estate through associate's and/or bachelor's degree programs online.
What Are the Educational Requirements to Become a Real Estate Appraiser?
The U.S. Bureau of Labor Statistics (BLS) asserts that most real estate appraisers must be licensed or certified by the state in which they practice. One component of the licensure requirement is a certain amount of general and industry-specific education. The BLS mentions that you'll need at least an associate's degree or a number of units of specified college-level education to become a certified appraiser.
In addition, you'll have to successfully complete a number of appraisal courses offered from a school that has been approved by the Appraisal Foundation. The Appraisal Foundation has been authorized by Congress as the nation's source of appraisal standards and appraisal qualifications. You'll find a directory of approved on-campus and online programs offered by various schools and organizations at the Foundation's website.
There are two basic levels of appraisal certification. The first is Certified Residential Real Property Appraiser, while the second is Certified General Property Appraiser. Level one requires you to have an associate's degree or 21 college-level education units, while level two calls for a bachelor's degree or 30 college-level education units.
Which Schools Offer Online Associate's Degrees for Real Estate Appraisers?
There are many options for students who wish to obtain an associate's degree before beginning their career as a real estate appraiser. The following schools provide just such an opportunity:
- American Public University offers an online Associate of Arts (A.A.) degree program in Real Estate Studies
- Mesa Community College offers an online Associate in Applied Science (A.A.S.) Certified Residential Appraiser degree program
- Red Rocks Community College offers an Associate of Applied Science (A.A.S.) degree program in Business - Real Estate
Which Schools Offer Online Bachelor's Degrees for Real Estate Appraisers?
Various online programs exist at the bachelor's level for real estate appraisers, although these programs often focus on a broader field of study.
- Clarion University offers an online Bachelor of Science in Business Administration (B.S.B.A.) degree program in Real Estate
- Marylhurst University offers an online Bachelor of Science (B.S.) degree program in Real Estate Studies
- Southern New Hampshire University offers an online Bachelor of Science (B.S.) degree program in Finance that can help prepare students to become real estate appraisers.
What Courses Will I Take?
Level one residential appraisal certification calls for 200 hours of appraisal-related class work. Level two general appraisal certification mandates 300 hours of appraisal-related coursework.
Basic instruction at each certification level includes the 15-hour course in the Uniform Standards of Professional Appraisal Practice (USPAP). Each program also includes courses in basic appraisal procedures and principles, residential market analysis and highest and best use, residential site valuation and cost approach, and residential report writing and case studies.
Level two instruction may include courses in statistics modeling and finance, advanced residential applications, fair housing issues and environmental impact considerations.
Once I Complete My Appraisal Courses, Am I Certified?
Since specific requirements to become a fully qualified real estate appraiser vary by state, you should access the directory of state agencies provided by the Appraisal Subcommittee of the Federal Financial Institutions Examination Council to find your state's requirements.
The BLS states that typically, you'll need 2,500 hours of work experience over the past 24 months to be eligible to sit for the Certified Residential Real Property Appraiser examination. To be eligible to sit for the Certified General Real Property Appraiser examination, you'll need 3,000 hours of work experience garnered over the previous 30 months.
In order to retain certification at any level, you must pass the 7-hour USPAP Update Course every two years. You'll also have to accumulate a minimum of 14 hours of continuing education credit each year. The USPAP Update Course, as well as continuing education courses, are available online from numerous schools and organizations.
Learn about real estate through online courses at the undergraduate level. Study topics like finance, wealth management, and the business of real estate to better prepare for becoming a real estate appraiser.
To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below: