Earn Your Real Estate Appraisal License!

LIBOR Offers Real Estate Appraisal Licensing and Appraisal Continuing Education Courses through McKissock Learning — ONLINE!

An appraiser is one who develops and reports an opinion of value on a specific type of property. Appraisers may opt to specialize in various disciplines such as:

Real Property appraisal, which is the valuation of real estate. Real Property appraisers can choose specialties to practice within such as residential, commercial and agricultural.
Personal Property appraisal, which encompasses all types of personal property such as fine and decorative arts, antiques, gems and jewelry and machinery and equipment.
Business Valuation which is the valuing of businesses including all tangible and intangible assets ranging from the value of the equipment to the value of the business name or logo.
Mass Appraisal which encompasses techniques that are used when valuing multiple types of real property or personal property using general recognized formulas.

While most appraisers choose to specialize in just one area of practice, many appraisers practice in more than one discipline.

The Appraiser Qualifications Board (AQB) of The Appraisal Foundation recommends the following minimum criteria for assistant, state licensed and state certified real property appraisers.

Appraiser Assistant

Education: 87 hours

In this category only: Qualifying education must be completed within the five year period prior to the date of application

R-1 and R-2 are not accepted as equivalent for R-5 and R-6.

Basic Appraisal Principles (R-5) 30 hours
Basic Appraisal Procedures (R-6) 30 hours
National USPAP 15 hours
Supervisory Appraiser/Trainee Appraiser Course 4 hours
Valuation Bias and Fair Housing Laws and Regulations 8 hours

Supervisory Appraiser: You must find a Certified Residential or Certified General Appraiser to act as your supervisory appraiser.

Exam Required: No

College: No college-level education is required

State Licensed Residential
Real Estate Appraiser

Education: 158 hours

Experience: 1000 hours over a period of not less than 24 months

Basic Appraisal Principles (R-5) 30 hours
Basic Appraisal Procedures (R-6) 30 hours
National USPAP 15 hours
Supervisor/Trainee Course for New York – 4 hours
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

Exam Required: Yes

College: No college-level education is required

State Certified Residential
Real Estate Appraiser

Education: 204 hours plus one of the following

Bachelor’s Degree in any field of Study;
Associate’s Degree in a field of study related to:
1. Business Administration;
2. Accounting;
3. Finance;
4. Economics; or
5. Real Estate
30 semester hours of college-level courses that cover each of the following specific topic areas and hours:
1. English Composition (3 semester hours);
2. Microeconomics (3 semester hours);
3. Macroeconomics (3 semester hours);
4. Finance (3 semester hours);
5. Algebra, Geometry, or higher mathematics (3 semester hours);
6. Statistics (3 semester hours);
7. Computer Science (3 semester hours);
8. Business or Real Estate Law (3 semester hours); and
9. Two elective courses in any of the topics listed above or in accounting, geography, agricultural economics, business management, or real estate (3 semester hours each).
Successful completion of at least 30 semester hours of College Level Examination Program (CLEP) examinations from each of the following subject matter areas;
1. College Algebra (3 semester hours);
2. College Composition (6 semester hours);
3. College Composition Modular (3 semester hours);
4. College Mathematics (6 semester hours);
5. Principles of Macroeconomics (3 semester hours);
6. Principles of Microeconomics (3 semester hours);
7. Introductory Business Law (3 semester hours); and
8. Information Systems (3 semester hours).
Any combination of 3 and 4 above that ensures coverage of all topics and hours identified in 3.
Held a Licensed Residential credential for a minimum of five (5) years with no record of any adverse, final, and non-appealable disciplinary action affecting the Licensed Residential appraiser’s legal eligibility to engage in appraisal practice within the five (5) years immediately preceding the date of application for a Certified Residential Credential.

Basic Appraisal Principles (R-5) 30 hours
Basic Appraisal Procedures (R-6) 30 hours
National USPAP 15 hours
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
Valuation Bias and Fair Housing Laws and Regulations 8 hours
Introduction to Residential Income Properties (RE-1) 15 hours

State Certified General
Real Estate Appraiser

Education: (308 hours) plus Bachelor’s Degree or higher in any field

In this category: R-1 and R-2 are accepted as equivalent to R-5 and R-6

AQ1 is accepted as equivalent for GE-1
Basic Appraisal Principles (R-5) 30 hours
Basic Appraisal Procedures (R-6) 30 hours
National USPAP 15 hours
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
Valuation Bias and Fair Housing Laws and Regulations 8 hours
Environmental Issues (GE-1) 15 hours
Specialty Appraisals (GE-2) 15 hours OR Using the HP12C Financial Calculator (GE-3) 15 hours

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Continuing Education Requirements?

All real estate appraisers with a license or certification that expires on or after January 1, 2026, or who renew on or after that date will be required to successfully complete 28 hours of approved appraiser continuing education courses within their two year license renewal period. The education must include the 7-Hour National USPAP Continuing Education Course and an approved course of study in Valuation Bias and Fair Housing Laws and Regulations. Course work in Valuation Bias and Fair Housing Laws and Regulations must be a minimum of 7 hours for a first license renewal and a minimum of 4 hours for subsequent renewals. NOTE: If an appraiser completed an 8-hour course (7 hours of instruction plus 1 hour exam) as part of their qualifying education, they have met this requirement.

Please note that if you renew 185 days or more after your license expires, you must complete an additional 14 hours of approved continuing education for each year or partial year that has passed since the expiration date.

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Helpful Links to NY Department of State Appraisal Licensing Requirements and FAQs

NY Department of State Contact Center

1-518-474-4429
More Contact Info
Monday - Friday: 9:00 AM - 4:30 PM

McKissock Learning Technical Support

1-800-328-2008
Weekdays 8:00am - 8:00pm
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