How to Get an Appraiser License in New Mexico

License levels recognized in New Mexico

Click HERE to view state requirements.

  1. Trainee Appraiser
  2. Licensed Residential Appraiser
  3. Certified Residential Appraiser
  4. Certified General Appraiser
New Mexico Appraiser License

Steps to becoming an appraiser in the state of New Mexico

STEP 1: Find a supervisor/mentor to work with to log your experience hours. (Suggestions for finding a supervisor/mentor)

STEP 2: Successfully complete 75 hours of qualifying education courses  approved by the Board.  In addition, successfully complete the AQB approved Supervisory/Trainee Course. Successful completion requires passing the course final examinations for each course with a proctor. Proctoring requirement only applies to qualifying education and does not include the Supervisory course. (Course Online Proctoring Policy and Requirements)

  1. Basic Appraisal Principles – 30 hours
  2. Basic Appraisal Procedures – 30-hours
  3. National USPAP Course or Equivalent – 15 hours
  4. Supervisor/Trainee Course – 4 hours

STEP 3: Submit the Application and fee to NM REAB which includes:

  1. Forms (Application Packet)
  2. Fees (included on application)
  3. Education – completion certificates and/or official college transcripts
  4. Experience (Experience Log)

STEP 4: Fingerprint and background check is required. 

(Fingerprint Information)

Additional Helpful Links and Resource Downloads:

Ready to get started? Click the button below to view class options and enroll.

VIEW PACKAGES AND SUBSCRIPTION

McKissock courses and online delivery method are approved by the New Mexico Real Estate Appraisers Board and International Distance Education Certification Center (IDECC).

McKissock is the exclusive provider of The Appraisal Foundation‘s national online USPAP course for the past 10 years.

New Mexico Appraiser License

Next steps after getting or upgrading your New Mexico appraiser license

As an Appraisal licensee, you must renew your license every  two years. New Mexico appraisal licenses expire on 4/30 of odd years.  Education is required at the same time.

Education Requirements

  • Effective February 3, 2019 28hrs of continuing education, including the AQB approved 7hr USPAP Update course, is required each two-year renewal period.
  • For continuing education cycle periods of 185 to 365 days, 14 hours of continuing education is required.
  • For continuing education cycle periods less than 185 days, no hours of continuing education is required.
  • Effective February 3, 2019 all continuing education hours are allowed online.

Renewal

Renewal Application is not available.  All license renewals must be submitted via the online license renewal system.

Fees:
  • Trainee Appraiser – $200 biennially
  • Licensed Appraiser – $380 biennially (includes the $80 ASC registry fee)
  • Certified Residential – $380 biennially (includes the $80 ASC registry fee)
  • Certified General – $435 biennially (includes the $80 ASC registry fee)
Online Renewal Instructions

Click HERE to access the online renewal instructions.

Click HERE to start your online renewal

Need to take classes for renewal? Click the button below to view class options and enroll.

VIEW MEMBERSHIP AND PACKAGES

Steps to upgrade your appraiser license in the state of New Mexico

STEP 1: Hold a valid appriasal license and successfully complete the additional required qualifying education courses (see course requirements below by license level). Successful completion of qualifying education courses requires passing the course final examination for each course with a proctor. (Course Online Proctoring Policy and Requirements)

STEP 2: Complete and document all required experience hours for your upgrade level.

  • Licensed Residential Appraiser – Provide 1,000 hours of acceptable and verifiable appraisal experience acquired over a minimum of 6 months
  • Certified Residential Appraiser – Provide 1,500 hours of acceptable and verifiable appraisal experience acquired over a minimum of 12 months
  • Certified General Appraiser – Provide 3,000 hours of acceptable and verifiable appraisal experience acquired over a minimum of 18 months of which a minimum of 1,500 hours must be non-residential real property appraisal experience

STEP 3: Complete courses and maintain copies of transcripts for all college level requirements.

  • Certified Residential Appraiser – (See table at top of page or view requirements HERE)
  • Certified General Appraiser – You must have a Bachelor’s degree or higher.

*Continuing education requirements and process for license upgrade displayed in above renewal section.

STEP 4: Submit the Application package which includes:

  1. Forms (Application Packet) 
  2. Fees (on application) 
  3. Education – completion certificates and/or official college transcripts
  4. Experience (Experience Log)
  5. Fingerprint and background check is required. A copy of the applicant’s criminal history and fingerprints are required for all licensees. (Fingerprint Information)

STEP 5: Examination Process Must pass the national examination approved by AQB and NM REAB. New Mexico national exam provider is PearsonVUE.

Additional Helpful Links and Resource Dowloads:

Ready to upgrade your license? Click the button below to view class options and enroll.

VIEW PACKAGES AND SUBSCRIPTION

Qualifying education requirements by license level

Trainee Appraiser (75 hours) – AQB recommended course order

 

  • Basic Appraisal Principles – 30 hours
  • Basic Appraisal Procedures – 30 hours
  • National USPAP Course or Equivalent – 15 hours
  • Supervisor/Trainee Course – 4 hours

 

 

Certified Residential Appraiser (200 hours) – AQB recommended course order
  • Basic Appraisal Principles – 30 hours
  • Basic Appraisal Procedures – 30 hours
  • National USPAP Course or Equivalent – 15 hours
  • Supervisor/Trainee Course – 4 hours
  • Residential Market Analysis and 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 or Finance – 15 hours
  • Advanced Residential Applications and Case Studies 15 hours
  • Appraisal Subject Matter Electives 20 hours
Licensed Residential Appraiser (150 hours) – AQB recommended course order
  • Basic Appraisal Principles – 30 hours
  • Basic Appraisal Procedures – 30 hours
  • National USPAP Course or Equivalent – 15 hours
  • Supervisor/Trainee Course – 4 hours
  • Residential Market Analysis and 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
Certified General Appraiser (300 hours) – AQB recommended course order
  • Basic Appraisal Principles – 30 hours
  • Basic Appraisal Procedures – 30 hours
  • National USPAP Course or Equivalent – 15 hours
  • Supervisor/Trainee Course – 4 hours
  • General Appraiser Market Analysis and Highest and Best Use – 30 hours
  • Statistics, Modeling and Finance – 15 hours
  • General Appraiser Site Valuation and Cost Approach – 30 hours
  • General Appraiser Sales Comparison Approach – 30 hours
  • General Appraiser Income Approach – 60 hours
  • General Appraiser Report Writing and Case Studies – 30 hours
  • Appraisal Subject Matter Electives – 30 hours

*These pages were updated on November, 2020.  Please review the state board/commission page to determine if any changes have been made to the process since then.