Center for Real Estate Education

Appraisal Qualifying Education

The first step in appraisal licensing is to become a Trainee. 

This is accomplished by completing 75 hours of Qualifying Education.  Our program starts with the 30 hour Basic Appraisal Principles course, followed by a 30 hour course Basic Appraisal Procedures. You are also required to take 15 hours of qualifying education in USPAP (Uniform Standards of Professional Appraisal Practice).

Once you have completed the 75 hour of qualifying education, then you must find employment and be trained under an Appraisal Licensee (After 1/1/08, that person must hold a Certified Residential or Certified General Appraiser's license).

To upgrade your license to an Appraisal Licensee, you need an additional 75 hour of qualifying education, accumulate 2000 hours of work experience in no fewer than 12 months and pass a state exam.

Qualification Criteria Changes effective
January 1, 2008

On February 20, 2004, the Appraiser Qualifications Board of The Appraisal Foundation adopted changes to the Real Property Appraiser Qualification Criteria that will become effective on January 1, 2008. These changes represent the minimum national requirements that each state must implement for individuals applying for a real estate appraiser license or certification, or license upgrades as of January 1, 2008. Click here for more information.

Basic Appraisal Principles

30 Hours Qualifying Education
Appraisal Foundation Approved 1, 2

This AQB approved course will provide students with a basic understanding of the various principles within the Appraisal industry. Upon completion, students will have an understanding of real property concepts and characteristics, influences on real estate values, and an overview of real estate market analysis.

Classroom Tuition:
$285 pre-registered, plus book or
$325 at the door, plus book

Registration Form

Basic Appraisal Procedures

Pre-requisite: Beginner Level Appraisal Class

Classroom Tuition:
$285 pre-registered, plus book or
$325 at the door, plus book

Registration Form

National Uniform Standards of Professional Appraisal Practice (USPAP)

Pre-requisite: Beginner Level Appraisal Class
Appraisal Foundation Approved

Covers the 15 hours required for licensure.  It is geared toward entry level students. You must pass a 1 hour exam with a 76 or better for licensure.  Current licensees can take this course for license renewal but willl also need the 7 hour USPAP Update course.

Classroom Tuition:
$190 pre-registered, plus books or
$230 at the door, plus books

Registration Form

Statistics, Modeling, & Finance

Pre-requisite: Beginner Level Appraisal Class
Appraisal Foundation Approved

15 Hours Qualifying Education w/ exam
15 Hours Continuing Education w/ exam
14 Hours Continuing Education w/o exam

Statistics, Modeling, and Finance provides both the theory and practice of statistics, real estate finance, and valuation modeling for today's appraiser. The first half of the class outlines terminology and basic statistics principles, including practical applications in statistical analysis. The last half presents an explanation of real estate markets, terms of financing, and real-world examples of how financing affects the value of real property.

Classroom Tuition:
$225 pre-registered or
$265 at the door

Market Analysis & Highest and Best Use

Pre-requisite: Beginner Level Appraisal Class
Appraisal Foundation Approved

15 Hours Qualifying Education w/ exam
15 Hours Continuing Education w/ exam
14 Hours Continuing Education w/o exam

Identifying and analyzing market forces affecting the buyers' and sellers' behavior is key to understanding and reporting values. This Appraisal Foundation approved course is designed to give students the tools needed to properly collect and analyze market data. In addition, the theory of Highest and Best Use is reviewed. The two-step analysis along with the four tests for Highest and Best Use are covered in detail.

Classroom Tuition:
$225 pre-registered or
$265 at the door

Residential Report Writing

Pre-requisite: Beginner Level Appraisal Class
Appraisal Foundation Approved

15 Hours Qualifying Education w/ exam
15 Hours Continuing Education w/ exam
14 Hours Continuing Education w/o exam

This course focuses on the variety of form reports in use by residential appraisers today: the URAR, 2055-drive-by format, and others. Students will gain valuable insights into how to fill out thses forms properly, in compliance with USPAP and other guidelines. Sources will be given for comparable sales, flood mapping, census tract maps and other information necessary for form completion.

Classroom Tuition:
$225 pre-registered or
$265 at the door

Registration Form

Residential Site Valuation and Cost Approach

Pre-requisite: Beginner Level Appraisal Class
Appraisal Foundation Approved

15 Hours Qualifying Education w/ exam
15 Hours Continuing Education w/ exam
14 Hours Continuing Education w/o exam

This course will give students valuable insight and a working knowledge of the various theories and methodologies for arriving at residential site values and applying the cost approach in everyday appraisal work.

Classroom Tuition:
$225 pre-registered or
$265 at the door

Registration Form

Check out the Maine Appraisal Board's website for complete licensing information.
http://www.maine.gov/pfr/professionallicensing/professions/appraisers/index.htm