PAREA Appraisal
Learn about a different way of becoming a licensed or certified real estate appraiser through Practical Applications of Real Estate (PAREA).
How to gain your experience hours with PAREA
PAREA is an alternative program to gaining the experience needed for licensed residential and certified residential appraisers. Unlike the traditional supervisor model to gain required experience, PAREA is an online program covering appraisal theory and methodology, in real-world simulations, with virtual mentoring from expert appraisers. There are two (2) Modules that make up the entire program. Currently, PAREA is available for Licensed Residential and Certified Residential experience credits. Partial experience credit for the Certified General credential can also be awarded.
State restrictions may apply in accepting PAREA as qualifying experience. States can choose to accept all, partial, or none of the PAREA experience credit. To see the latest state approvals and learn more about the PAREA program, please visit The Appraisal Foundation.
Frequently asked questions
• Prior to starting Module 1 of PAREA, you must complete 150 hrs. of QE consistent with the licensed residential level.
• Prior to starting Module 2 of PAREA you must complete 200 hours of QE consistent with the licensed residential level.
Please note that your QE is fulfilled outside of the PAREA program – you do not earn QE hours in PAREA.
PAREA is designed to replace the need for a supervisor, so if you reside in a state that fully adopts PAREA, you will not need to find a supervisor. However, if you reside in a state that only partially adopts PAREA, you will need to fulfill some supervisory hours outside of PAREA and therefore, will need to secure a supervisor.
To obtain your certification through the PAREA program, participants will:
• Complete training on all topics listed in the detailed content outline
• Collaborate with virtual mentors throughout the program to demonstrate your competency of the material learned thus far
• Produce USPAP-compliant appraisals during the program
No, we are not creating a PAREA offering at this time.
Once you’ve successfully completed Module 1 and Module 2, you can then sit for the national licensing or certification exam in which you are eligible.
McKissock is committed to removing obstacles to enter the Appraisal profession.
We are continuously pursuing viable alternatives to gain the required experience hours to become a fully licensed real estate appraiser. If you are interested in partnering or supporting our efforts, we’d love to hear from you. Complete the form to the right, and we’ll be in touch.