New York Appraisal License Requirements

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

Qualifying Education:
150 QE Hours:
Basic Appraisal Principles (R-5) (30 hours)
Basic Appraisal Procedures (R-6) (30 hours)
15-hour National USPAP Course or Equivalent
Residential Market Analysis and Highest and Best Use (R-7) (15 hours)
Residential Appraiser Site Valuation and Cost Approach (R-8) (15 hours)
Residential Sales Comparison and Income Approaches (R-9) (30 hours)
Residential Report Writing and Case Studies (R-10) (15 hours)
 
Experience: 1,000 hours of acceptable appraisal experience in not less than 24 months.

College Education: No college-level education required.

Qualifying Education:
200 QE Hours:
Basic Appraisal Principles (R-5) (30 hours)
Basic Appraisal Procedures (R-6) (30 hours)
15-hour National USPAP Course or Equivalent
Residential Market Analysis and Highest and Best Use (R-7) (15 hours)
Residential Appraiser Site Valuation and Cost Approach (R-8) (15 hours)
Residential Sales Comparison and Income Approaches (R-9) (30 hours)
Residential Report Writing and Case Studies (R-10) (15 hours)
Statistics, Modeling and Finance (SMF) (15 hours)
Advanced Residential Applications and Case Studies (R-11) (15 hours)
Appraisal Subject Matter Electives (20 hours): Introduction to Residential Income Properties (RE-1), Fair Housing/Fair Lending and Environmental Issues (RE-2), or such other elective course approved by the Department.

Experience: 1,500 hours of acceptable appraisal experience in not less than 24 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. 

Qualifying Education:
300 QE Hours:
Basic Appraisal Principles (R-5) (30 hours)
Basic Appraisal Procedures (R-6) (30 hours)
15-hour National USPAP Course or Equivalent
General Market Analysis and Highest and Best Use (G-4) (30 hours)
Statistics, Modeling and Finance (SMF) (15 hours)
General Appraiser Sales Comparison Approach (G-5) (30 hours)
General Appraiser Site Valuation and Cost Approach (G-6) (30 hours)
General Appraiser Income Approach (G-7) (60 hours)
General Appraiser Report Writing and Case Studies (G-8) (30 hours)
Fair Housing, Fair Lending and Environmental Issues (GE-1) (15 hours)
Appraisal Subject Matter Electives (15 hours): Specialty Appraisals (GE-2) 15 hours Using the HP12C Financial Calculator (GE-3), or such other elective course approved by the Department.

Experience: 3,000 hours of acceptable appraisal experience in no less than 24 months.

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