How to Get an Appraiser License in the Virgin Islands

License levels recognized in Virgin Islands

Click HERE to view state requirements.

  1. Trainee Appraiser
  2. Licensed Real Property Appraiser
  3. Certified Residential Real Property Appraiser
  4. Certified General Real Property Appraiser
Virgin Island Appraiser License

Steps to becoming an appraiser in the Virgin Islands

STEP 1: Find a supervisor/mentor to work with to log your experience hours. (Suggestions for finding a supervisor/mentor) To gain your required experience hours you must train under an appraiser that meets all the following requirements:

  • Be certified as a general or residential appraiser for a minimum of 3 years..
  • Be in good standing for the 3 years immediately preceding their supervisor registration
  • Have no more than 3 trainees with less than 1 year experience
  • Have successfully completed a 4-hour Supervisory/Trainee course

STEP 2: Successfully complete 75 hours of qualifying education courses  approved by the Board. 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

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

  1. Forms (Application)
  2. Fees (Fee Schedule at bottom)
  3. Education - completion certificates and/or official college transcripts
  4. Experience (Experience Log in application packet)

STEP 4: Fingerprint and background check is required by AQB. Contact the Virgin Islands Police Department (VIPD) Background Character Check - St. Croix: (340) 772-9111 or St. Thomas / St. John: (340) 776-9110

Additional Helpful Links and Resource Downloads:

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

McKissock courses and online delivery method are approved by the US Virgin Islands Real Estate Appraiser 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.

Virgin Islands Appraiser License

Next steps after getting or upgrading your Virgin Islands appraiser license

All Virgin Islands appraiser licenses are issued on an annual basis from date of issuance to December 31 of each calendar year.

Renewal Process

Education Requirements

  • Virgin Island Appraisers are required to complete 14 continuing education hours every 12 months.
  • Seven (7) hours of National USPAP Update or Equivalent must be taken every two years.

Renewal of License Requires:

  • In order to renew both a professional and or business license, visit the Department of Licensing and Consumer Affairs website ( www.dlca.vi.gov), and follow the simple steps in order to obtain a reference number and choose your payment option.
  • A favorable tax approval is required and shall be provided electronically from the VIBIR.
  • Information on Tax Clearance Letter.

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

Steps to upgrade your appraiser license in virgin Islands

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.

  • 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)
  2. Fees (Fee schedule)
  3. Education – completion certificates and/or official college transcripts 
  4. Experience (Experience Log in application packet) 
  5. Background information for criminal records check. Contact the Virgin Islands Police Department (VIPD) Background Character Check - St. Croix: (340) 772-9111 or St. Thomas / St. John: (340) 776-9110

STEP 5: Examination Process Must pass the national examination approved by AQB and VI DLCA. Virgin Islands national exam provider is PSI.

 

Additional Helpful Links and Resource Dowloads:

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

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

 

Certified Residential Real Property Appraiser (200 hours) - AQB recommended course order
  • Basic Appraisal Principles – 30 hours
  • Basic Appraisal Procedures – 30 hours
  • National USPAP Course or Equivalent – 15 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 Real Property Appraiser (150 hours) - AQB recommended course order
  • Basic Appraisal Principles – 30 hours
  • Basic Appraisal Procedures – 30 hours
  • National USPAP Course or Equivalent – 15 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 Real Property Appraiser (300 hours) - AQB recommended course order
  • Basic Appraisal Principles – 30 hours
  • Basic Appraisal Procedures – 30 hours
  • National USPAP Course or Equivalent – 15 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 December 1, 2020.  Please review the state board/commission page to determine if any changes have been made to the process since then.