New Mexico Appraisal License Requirements

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

0 Mandatory Hours
0 Elective Hours
304 Total Hours
Shop Courses

Here's what you need to obtain your New Mexico Appraisal license

The information below is a summary of the minimum requirements set forth by the New Mexico Real Estate Appraisers Board. 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 Mexico 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 Mexico – 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

Effective February 3, 2019 all qualifying education may be completed through distance education.

Roster

No roster required

Governing Agency

Name: New Mexico Real Estate Appraisers Board
Phone: 5054764860
Fax: 5054764665
Address: 2550 Cerrillos Road 2nd Floor Santa Fe, 87505

New Mexico Appraisal: Licensed

Total Hours Required: 154
Mandatory Hours: 0
Elective Hours: 0

Online Info

Required Education: 
154 Hours.
 Basic Appraisal Principles - 30 hours.
 Basic Appraisal Procedures - 30 hours.
 National USPAP Course or Equivalent – 15 hours
 Supervisor/Trainee Course for New Mexico – 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.


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


College Education: No college-level education required.
 

Online Limitations

Effective February 3, 2019 all qualifying education may be completed through distance education.

Roster

No roster required

Governing Agency

Name: New Mexico Real Estate Appraisers Board
Phone: 5054764860
Fax: 5054764665
Address: 2550 Cerrillos Road 2nd Floor Santa Fe, 87505

New Mexico Appraisal: Certified Residential

Total Hours Required: 204
Mandatory Hours: 0
Elective Hours: 0

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 New Mexico – 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: 1,500 hours of acceptable appraisal experience in not less 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.  

 

Online Limitations

Effective February 3, 2019 all qualifying education may be completed through distance education.

Roster

No roster required

Governing Agency

Name: New Mexico Real Estate Appraisers Board
Phone: 5054764860
Fax: 5054764665
Address: 2550 Cerrillos Road 2nd Floor Santa Fe, 87505

New Mexico Appraisal: Certified General

Total Hours Required: 304
Mandatory Hours: 0
Elective Hours: 0

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 New Mexico – 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 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.

Online Limitations

Effective February 3, 2019 all qualifying education may be completed through distance education.

Roster

No roster required

Governing Agency

Name: New Mexico Real Estate Appraisers Board
Phone: 5054764860
Fax: 5054764665
Address: 2550 Cerrillos Road 2nd Floor Santa Fe, 87505

Good to know

Other facts and insights about completing your CE

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.