Are you growing tired of appraising simple properties? Are you looking for more complex assignments with higher income potential?
Certified general appraisers, also known as commercial appraisers, are the highest earners in the appraisal profession. As a certified general appraiser, you will enjoy more stable fees, a higher income, and more choices in the assignments you decide to take on.
Here’s how to take the next step in your career and become a certified general appraiser.
Is now a good time to upgrade your appraisal license? Download our free salary guide to find out.
What is a certified general appraiser?
A certified general appraiser, or commercial appraiser, can appraise all types of real estate—including both residential and commercial properties. That includes everything from single-family homes to apartment complexes, strip malls, and airports. The certified general appraiser credential is the highest license level you can achieve once you become a real property appraiser.
You must obtain this credential if you wish to appraise commercial properties.
Steps to become a certified general appraiser
Depending on your state, the exact steps to upgrade your appraisal license will vary slightly. However, these are the general guidelines you’ll need to meet the Appraisal Qualifications Board (AQB) criteria to become a certified general appraiser:
- 300 education hours
- Hold a trainee appraiser license or be a licensed residential property appraiser or complete qualifying education consisting of at least 75 hours
- Or hold a certified residential appraiser license or complete at least 200 hours of qualifying education
- Bachelor’s degree or higher (in any field)
- Must be from an accredited college or university
- 3,000 hours of experience under the supervision of a mentor appraiser in no fewer than 30 months
- 1,500 of these hours must be in non-residential appraisal work
- Take and pass the National Certified General Appraiser Exam
- Pass a background check
- Submit your application and fees to your state board
Note that state appraiser regulatory agencies may set requirements that are higher (i.e., more stringent) than AQB criteria. Make sure you check your state’s specific licensing requirements to know precisely what you need to do.
How much do certified general appraisers make?
According to recent income data, certified general appraisers earned an average annual income of $145,094 in 2022, making them the highest earners compared to all other license levels. They earned 42% more than certified residential appraisers, on average, in 2022. That’s a big salary increase. Additionally, 44% of certified general appraisers earned more in 2022 compared to the previous year.
Benefits of upgrading your appraisal license
In addition to a higher income, a higher appraisal license level gives you:
- An advantage in your local market
- Greater control over your fees
- More stability in your work
- More choices in the assignments you decide to take on
As a certified general appraiser, you can shield your income from the ups and downs of the real estate market, and you don’t have to compete for smaller residential assignments. You can appraise complex properties, luxury real estate, commercial real estate, and everything in between.
Getting started
You can complete all the courses you need to upgrade your license to certified general appraiser right here at McKissock. We provide access to top instructors in the field, flexible course formats and membership options, state- and board-approved materials, and more resources to elevate your career and give you a competitive edge.
McKissock’s Education Specialists can help you understand all of the requirements you need to meet for upgrading your license. Call us at 877.204.1039.
