What is the required amount of hours for a Certified Residential Appraiser?

The required amount of hours for a Certified Residential Appraiser is established by the Appraisal Qualifications Board (AQB) and is set at 200 hours of education. This training includes a combination of general appraisal concepts, specialized coursework, and hands-on experience through mentorship or fieldwork.

The rationale behind the 200-hour requirement is to ensure that appraisers have a solid foundation in real estate valuation principles, ethics, and the legal aspects of appraisal practice. The AQB believes this level of education is necessary for appraisers to competently assess residential properties and provide accurate, unbiased appraisals that comply with industry standards.

In comparison, the other options do not align with the recognized national standards for appraisal education, making 200 hours the definitive requirement for obtaining a Certified Residential Appraiser designation.