New Jersey Appraisal License Requirements

Do you want to become a licensed appraiser in New Jersey? McKissock Learning will help you meet the necessary educational requirements you need to get your appraisal licensed in New Jersey.

0 Mandatory Hours
0 Elective Hours
300 Total Hours
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Here's what you need to renew your New Jersey Appraisal license

The information below is a summary of the minimum requirements set forth by the New Jersey State Board of Real Estate Appraisers. For a more detailed requirements breakdown, please see the board's site.
If you hold Appraisal licenses in multiple states, please make sure to check each state's requirements.

New Jersey Appraisal: Trainee

Total Hours Required: 79
Mandatory Hours: 0
Elective Hours: 0

Online Info

Required Education: 
79 Hours.
  Basic Appraisal Principles – 30 hours 
  Basic Appraisal Procedures – 30 hours 
  National USPAP Course or Equivalent – 15 hours 
  Supervisor/Trainee Course for New Jersey – 4 hours

2015 AQB Supervisor/Trainee Course Requirement: Both the Trainee Appraiser and Supervisory Appraiser shall be required to complete a course that, at minimum, complies with the specifications for course content established by the AQB. The course must be completed by the Trainee Appraiser prior to obtaining a Trainee Appraiser credential, and completed by the Supervisory Appraiser prior to supervising a Trainee Appraiser.

Experience: N/A

College Education: N/A

Roster

No roster required

Governing Agency

Name: New Jersey State Board of Real Estate Appraisers
Phone: 9735046480
Fax: 9735046458
Address: 124 Halsey St, 3rd Floor PO Box 45032 Newark, 07101

New Jersey Appraisal: Licensed

Total Hours Required: 150
Mandatory Hours: 0
Elective Hours: 0

Online Info

Qualifying Education:
150 QE Hours.
Basic Appraisal Principles - 30 hours.
Basic Appraisal Procedures - 30 hours.
15-hour Nat’l USPAP or Equivalent.
Residential Market Analysis & Highest and Best Use - 15 hours.
Residential Appraiser Site Valuation and Cost Approach - 15 hours.
Residential Sales Comparison and Income Approaches - 30 hours.
Residential Report Writing and Case Studies - 15 hours.

Experience: 1,000 hours of acceptable appraisal experience in not less than 6 months.

College Education: No college-level education required.

Roster

No roster required

Governing Agency

Name: New Jersey State Board of Real Estate Appraisers
Phone: 9735046480
Fax: 9735046458
Address: 124 Halsey St, 3rd Floor PO Box 45032 Newark, 07101

New Jersey Appraisal: Certified Residential

Total Hours Required: 200
Mandatory Hours: 0
Elective Hours: 0

Online Info

Qualifying Education:
200 QE Hours.
Basic Appraisal Principles - 30 hours.
Basic Appraisal Procedures - 30 hours.
15-hour Nat’l USPAP or Equivalent.
Residential Market Analysis & Highest and Best Use - 15 hours.
Residential Appraiser Site Valuation and Cost Approach - 15 hours.
Residential Sales Comparison and Income Approaches - 30 hours.
Residential Report Writing and Case Studies - 15 hours.
Statistics, Modeling and Finance – 15 hours.
Advanced Residential Applications and Case Studies – 15 hours.
Appraisal Subject Matter Electives – 20 hours.

Experience: 1,500 hours in no fewer than 12 months.

College Education
:
1) Bachelor’s Degree in any field of study;
2) Associate’s Degree in a focused field of study, such as business, economics, or real estate;
3) Successful completion of 30 college semester credit hours in specified topics;
4) Successful completion of College-Level Examination Program (CLEP)1 exams equivalent to a minimum of 30 semester credit hours in specified subject matter areas; or
5) Any combination of #3 and #4 above that includes all of the topics identified.
6) A LICENSED RESIDENTIAL appraiser who has been licensed for a minimum of 5 years and in good standing for at least 5 years with no disciplinary actions that would affect the individual’s ability to appraise may upgrade to CERTIFIED RESIDENTIAL without completing any college coursework. 

Roster

No roster required

Governing Agency

Name: New Jersey State Board of Real Estate Appraisers
Phone: 9735046480
Fax: 9735046458
Address: 124 Halsey St, 3rd Floor PO Box 45032 Newark, 07101

New Jersey Appraisal: Certified General

Total Hours Required: 300
Mandatory Hours: 0
Elective Hours: 0

Online Info

Qualifying Education:
300 QE Hours.
Basic Appraisal Principles - 30 hours.
Basic Appraisal Procedures - 30 hours.
15-hour Nat’l USPAP or Equivalent.
General Appraiser Market Analysis & Highest and Best Use - 30 hours.
General Appraiser Site Valuation and Cost Approach - 30 hours.
General Appraiser Sales Comparison Approach - 30 hours.
General Appraiser Report Writing and Case Studies - 30 hours.
Statistics, Modeling and Finance – 15 hours.
General Appraiser Income Approach – 60 hours.
Appraisal Subject Matter Electives – 30 hours.

Experience: 3,000 hours of acceptable appraisal experience in no less than 18 months. A minimum of 1,500 hours of the required experience must be in non-residential appraisal work.

College Education: Must have a Bachelor’s degree or higher.

Roster

No roster required

Governing Agency

Name: New Jersey State Board of Real Estate Appraisers
Phone: 9735046480
Fax: 9735046458
Address: 124 Halsey St, 3rd Floor PO Box 45032 Newark, 07101

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Note: This license renewal information is provided as a convenience only and is subject to change at any time. It's ultimately the responsibility of the licensee to be sure that he or she is meeting all requirements for each license and corresponding renewal period.