REEDC’s New York Appraisal Programs

Certified Residential Appraiser

Introduction

Certified Residential Appraiser License

A Certified Residential Appraiser is an advanced designation that allows one to accept more profitable Appraisal assignments than a Licensed Appraiser. This is a more profitable tier within the real estate appraisal profession, however with great earnings comes a need for higher skills within the valuation process, and therefore this classification also requires a Bachelors’s Degree.

Certified Residential Appraisers are entrusted to value more expensive real properties such as luxury condos and mansions. With a more affluent clientele comes a necessity for greater skill and business savvy.

Certified Residential Appraiser Requirements


Qualifying Education:  (200 hours)

You must take all required courses to become a Appraisal Apprentice Plus:

  • Basic Appraisal Principles (R-5) (30 hours)
  • Basic Appraisal Procedures (R-6) (30 hours)
  • 15-hour National USPAP Course or Equivalent
  • Residential Market Analysis and Highest and Best Use (R-7) (15 hours)
  • Residential Appraiser Site Valuation and Cost Approach (R-8) (15 hours)
  • Residential Sales Comparison and Income Approaches (R-9) (30 hours)
  • Residential Report Writing and Case Studies (R-10) (15 hours)
  • Statistics, Modeling and Finance (SMF) (15 hours)
  • Advanced Residential Applications and Case Studies (R-11) (15 hours)
  • Appraisal Subject Matter Electives (20 hours): Introduction to Residential Income Properties (RE-1), Fair Housing/Fair Lending and
  • Environmental Issues (RE-2), or such other elective course approved by the Department.

Experience: 1,500 hours of acceptable appraisal experience in not less than 24 months.

Certified Residential Appraiser Package
  • R5: Basic Appraisal Principles

  • R6: Basic Appraisal Procedures

  • National USPAP Course

  • R7: Residential Market Analysis

  • R8: Residential Appraiser Site Valuation

  • R9: Residential Sales Comparison

  • R10: Residential Report Writing

  • Statistics, Modeling and Finance (SMF)

  • Advanced Residential Applications

  • Appraisal Subject Matter Electives

  • RE2: Lending and Environmental Issues

$1920

Certified General Appraiser Courses Available for Individual Purchase:

Review various case studies pertaining to the appraisal industry. This 15-hour course is part of the Certified Residential Appraiser series.

$350
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15 Hours

Learn about the importance of Fair Housing and Fair Lending in the scope of the real estate appraisal field. $350
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20 Hours

In this course students will learn how to interpret statistics, valuation models and finance. $350
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15 Hours