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New York State Appraisal Resources 2017-04-04T02:39:43+00:00
Real Estate Appraisal Resources

Real Estate Appraisal Resources Overview


Have questions about the Real Estate Appraisal program? See below for answers about licensing requirements, frequently asked questions, and helpful links to the NY Department of State website for license renewal and testing information.

FAQ’s | Question List:


Appraisal

FAQ’s | Answer List:


Appraisal

State Licensed Real Estate Appraiser Apprentice applicants must do the following:

  1. Applicants must be 18 years of age or older to obtain Real Estate Appraiser Apprentice license
  2. Be supervised in the conduct of their services by a New York State licensed or certified appraiser who must cosign any appraisal report involving a federally related transaction.
  3. Utilize the same Uniform Standards of Professional Appraisal Practice as a state licensed or certified appraiser.
  4. Upon satisfaction of the application requirements of the Department of State, the Department will issue a renewable 2-year State Licensed Real Estate Appraiser Apprentice license.
  5. Should an appraiser apprentice acquire experience for licensed or certified appraiser, his or her application must comply with whatever examination and education requirements exist for that category at that time.

In accordance with guidelines set by the New York Department of State, real estate appraisers need to meet minimum experience hours that demonstrate their time spent in the field. These experience hours become an important factor, for example when an appraiser apprentice wants to become a licensed appraiser.

Appraisal Programs offered at REEDC

Required Experience

Maximum Credit Allowed for Appraisal Review

Appraiser Apprentice

0

n/a

Licensed Appraiser

2,000 hours

500 hours

Certified Residential Appraiser

2,500 hours

625 hours

Note: Experience must be obtained within the five-year period prior to submission of your application. To assure consistency and fairness in evaluating appraisal experience, the Department of State will use an “hourly system” that will serve as a guideline. The hourly system takes into consideration the number and type of appraisals performed and hours worked (including travel).

  1. Standard Appraisals
  2. If you performed at least 75% of the work associated with an appraisal (including preparation of the appraisal report), you will receive full credit for that appraisal, even if your work was reviewed by a supervising appraiser who signed the appraisal report. You must complete Attachments C and D. of the application
  3. Review Appraisals:
  4. If you performed a “review appraisal,” whether defined as a “field review” or a “documentary review” or a combination of both, you will receive 25% of the hours normally assigned for that appraisal. You must complete Attachments C and D of the application.
  5. Note: Review Appraisals may be used for qualifying experience credit only up to a maximum of 25% of the required hours.
  1. Market value estimates as a real estate licensee in connection with the listing and/or sale of real estate (i.e., “comparative market analysis”) are unacceptable.
  2. Business appraisals are unacceptable. (Credit will be given for appraisals of individual parcels of commercial real estate.)
  3. Personal property appraisals are unacceptable.
  4. Feasibility or market analysis is unacceptable, except to the extent that the “market value” of a proposed real estate project is being estimated

The renewal application is posted to the appraiser approximately three months prior to the expiration of his or her license/certification. All real estate appraisers and apprentices are required to successfully complete 28 hours of approved appraiser continuing education courses which must include the seven-hour national USPAP update course, within their two-year license/certification period prior to renewal. You can renew your license/ certification online here.

All real estate appraisers and apprentices are required to successfully complete 28 hours of approved appraiser continuing education courses, which must include the seven-hour National USPAP update course, within their two-year license/certification period prior to renewal.

If it has been more than two years since the expiration of the applicant’s last license, the applicant must file a new application, meet the current qualifying education requirements, meet the current experience requirements, and pass the appropriate appraiser examination.

Helpful Links


For your convenience here are some links to the New York Department of State website. There you will be able to find out even more about licensing requirements, schedule any state exams, renew your license, and more.