How to Earn or Upgrade Your Indiana Appraiser License
Becoming a real estate appraiser in Indiana has multiple benefits, including a flexible schedule, an ability to create a larger income, and being the owner of your own business. McKissock Learning has the qualifying education and required coursework to help you elevate your career on a schedule that works for you!
Indiana Appraiser License: Trainee
How to become an appraiser in Indiana
To get started as an appraiser trainee in Indiana, here are the steps you’ll needs to take:
Step 1: Complete 79 hours of qualifying appraiser education, including the 15-Hour National USPAP.
Step 2: Secure a supervisory appraiser who is a Certified Residential or Certified General Appraiser in good standing. You’ll both need to fill out the Supervisor Transfer of Appraiser Trainee License form for submission.
Step 3: Complete and submit your background check and application.
What does an Indiana real estate appraiser do?
An appraiser provides an estimation of the market value of a property by completing the following tasks to write their appraisal reports:
- Document square footage, quality and condition, and amenities.
- Research the local real estate market.
- Use comparable properties to create accurate valuations.
Required courses to become a Trainee Appraiser in Indiana
- Basic Appraisal Principles – 30 hours
- Basic Appraisal Procedures – 30 hours
- 15-hour National USPAP Course – 15 hours
- Supervisor-Trainee Course for Indiana – 4 hours
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 Indiana – 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
Online Limitations
Roster
Governing Agency
Good to Know: FAQs for how to become a licensed appraiser in Indiana
Should I get my Indiana appraiser license?
Lower start-up costs and less risk than many other professions are both great reasons to become a real estate appraiser in Indiana. Even when the real estate market fluctuates, appraiser work can remain steady, providing property valuations. This can be during estate planning, divorce settlements, or tax assessments, allowing you to create a successful career.
How long does it take to become an Indiana real estate appraiser?
The timeline to become a trainee appraiser in Indiana depends on you – specifically how long it takes to complete the required education, find a Supervisory Appraiser, and submit your background check and fingerprints. Offering both livestreaming and on-demand, self-paced courses, McKissock makes it easier for you to get your appraisal license in a convenient way that works for you!
Helpful resources:
Indiana Appraiser License: Certified Residential
How to become a real estate appraiser in Indiana: Certified Residential
In Indiana, a Certified Residential Appraiser can assess any residential property with 1 to 4 units, without limit to complexity or price, including empty land or land without improvements. However, it doesn’t cover land needing subdivision analysis. To become certified, you must meet specific criteria:
Step 1: Complete 204 total hours of education (including the 79 from trainee certification).
Step 2: Earn 2,000 hours of approved appraisal experience in at least 12 months.
Step 3: Apply for your Indiana appraisal licensure.
Step 4: Pass the National Uniform Licensing and Certification Exam for Certified Residential Appraisers.
It’s important to note that in addition to the above steps, you must also meet one of the following college education criteria:
- Bachelor’s degree from an accredited college or university in any field of study
- Associate’s degree from an accredited college or university in a focused field of study, such as economics or real estate
- 30 (successfully completed) hours of college credit in specified topics.
- Complete at least 30 semester units of College Level Examination Program (CLEP) examinations that cover specified topics
- Any combination of college credit or CLEP credit in specified topics
Indiana Certified Residential Appraiser (204 hours) – AQB recommended course order
- Basic Appraisal Principles – 30 hours
- Basic Appraisal Procedures – 30 hours
- National USPAP Course or Equivalent – 15 hours
- FL Appraisal Subject Matter Electives – 25 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
Online Info
Required Education:
204 Hours.
Basic Appraisal Principles – 30 hours.
Basic Appraisal Procedures – 30 hours.
National USPAP Course or Equivalent – 15 hours
Supervisor/Trainee Course for Indiana – 4 hours
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: 2,500 hours of acceptable appraisal experience in not less than 24 months.
College Education: Must have a Bachelor’s degree or higher.
Online Limitations
Roster
Governing Agency
FAQs to become a Certified Residential Appraiser in Indiana
What is the National Uniform Licensing and Certification Exam like?
This exam is administered by PSI and will take 4 hours for the Certified Residential Examination. The exam is comprised of 125 questions, 15 of them being practice questions which won’t count towards your final score. You will need to earn a 75 our of 110 to pass. You can take the exam up to 3 times.
Why become a Certified Residential Appraiser in Indiana
Certified Residential Appraisers have flexibility in assignments for any type of residential property with less than four units, increasing business and income opportunities!
How much do residential appraisers earn in Indiana?
While salary depends on multiple factors, including location and experience, the average residential appraiser in Indiana earns between $50,000 and $69,0001.
Indiana Appraiser License: Certified General
As a Certified General Appraiser in Indiana, you can appraise all types of property, including single family homes, multi-family properties, vacant land, industrial property, and businesses.
Here are the steps to earn you’re Certified General credentials:
Step 1: Complete 304 hours of total required education, including hours previously earned for the licenses mentioned above.
Step 2: Earn 3,000 hours of acceptable appraisal experience in a minimum of 18 months, with 1,500 hours being earned from non-residential property.
Step 3: Pass the National Uniform Licensing and Certification Exam for Certified General Appraisers.
A bachelor’s degree from an accredited college or university is also required to become a Certified General Appraiser in Indiana.
Indiana Certified General Appraiser (304 hours) – AQB recommended course order
- Basic Appraisal Principles – 30 hours
- Basic Appraisal Procedures – 30 hours
- National USPAP Course or Equivalent – 15 hours
- FL Appraisal Subject Matter Electives – 25 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
Online Info
Required Education:
304 Hours.
Basic Appraisal Principles – 30 hours.
Basic Appraisal Procedures – 30 hours.
National USPAP Course or Equivalent – 15 hours
Supervisor/Trainee Course for Indiana – 4 hours
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 30 months. A minimum of 2,000 hours of the required experience must be in non-residential appraisal work.
College Education: Must have a Bachelor’s degree or higher.
Online Limitations
Roster
Governing Agency
Good To Know- Frequently asked questions to become a Certified General Appraiser in Indiana
Do I need a college degree to be a Certified General Appraiser?
Yes, you will need a bachelor’s degree from an accredited college or university.
How much do Certified General Appraisers earn in Indiana?
Certified General Appraisers’ median salary is around $111,3332
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