Certified Residential Appraiser
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
Education: (200 hours) plus *Bachelor’s Degree or higher in any field
In this category: R-1 and R-2 are accepted as equivalent to R-5 and R-6
- Advanced Residential Applications and Case Studies (R-11) 15 hours
- Fair Housing, Fair Lending and Environmental Issues (RE-2) 20 hours
- Statistics, Modeling and Finance (SMF) 15 hours