THE REAL PROPERTY APPRAISER QUALIFICATION CRITERIA AND INTERPRETATIONS OF THE CRITERIA

JANUARY 2020

VISION STATEMENT To ensure public trust in the valuation profession.

Mission StatementThe Appraisal Foundation is dedicated to promoting professionalism and ensuring public trust in the valuation profession. This is accomplished through the promulgation of standards, appraiser qualifications, and guidance regarding valuation methods and techniques.

The Appraisal Foundation is the nation’s foremost authority on the valuation profession. The organization sets the Congressionally-authorized standards and qualifications for real estate appraisers, and provides voluntary guidance on recognized valuation methods and techniques for all valuation professionals. This work advances the profession by ensuring appraisals are independent, consistent, and objective. More information on The Appraisal Foundation is available at www.appraisalfoundation.org.

VISION AND MISSION STATEMENT OF THE APPRAISAL FOUNDATION

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WHAT IS THE AQB?

REAL PROPERTY APPRAISER QUALIFICATION CRITERIA, INTERPRETATIONS OF THE CRITERIA, GUIDE NOTES, AND Q&As

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WHAT IS THE APPRAISER QUALIFICATIONS BOARD?

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REAL PROPERTY APPRAISER QUALIFICATION CRITERIAEFFECTIVE JANUARY 1, 2020

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DEFINITIONS:

GENERAL INTERPRETATIONS

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CRITERIA APPLICABLE TO ALL APPRAISER CLASSIFICATIONS

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AQB

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REAL PROPERTY APPRAISER QUALIFICATION CRITERIA EFFECTIVE MAY 1, 2018

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SUPERVISORY APPRAISERREQUIREMENTS

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REAL PROPERTY APPRAISER QUALIFICATION CRITERIA EFFECTIVE MAY 1, 2018

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TRAINEE REAL PROPERTY APPRAISER

REAL PROPERTY APPRAISER CLASSIFICATIONS

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REAL PROPERTY APPRAISER QUALIFICATION CRITERIA EFFECTIVE MAY 1, 2018

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LICENSED RESIDENTIAL REAL PROPERTY APPRAISER

I.

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REAL PROPERTY APPRAISER QUALIFICATION CRITERIA EFFECTIVE MAY 1, 2018

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CERTIFIED RESIDENTIAL REAL PROPERTY APPRAISER

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CERTIFIED GENERAL REAL PROPERTY APPRAISER

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Appraisers

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REQUIRED CORE CURRICULUM

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CERTIFIED GENERAL

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COURSE OBJECTIVES

SUPERVISORY APPRAISER / TRAINEE APPRAISER COURSE OBJECTIVES AND OUTLINE

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COURSE CONTENT OUTLINE

AQB

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APPENDIX GUIDE NOTES

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AQB GUIDE NOTE 1 (GN-1)AQB GUIDANCE FOR REQUIRED CORE CURRICULUM CONTENT

GUIDE NOTES

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III.

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AQB GUIDE NOTE 2 (GN-2)AQB GUIDANCE FOR CRITERIA IMPLEMENTATIONRETIRED, OCTOBER 2005

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AQB GUIDE NOTE 3 (GN-3)AQB GUIDANCE FOR CRITERIA IMPLEMENTATIONTHIS GUIDE NOTE RELATES TO THE SCOPE OF PRACTICE FOR THE LICENSED RESIDENTIAL AND CERTIFIED RESIDENTIAL CLASSIFICATIONS IN THE REAL PROPERTY APPRAISER QUALIFICATION CRITERIA.

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AQB GUIDE NOTE 4 (GN-4)AQB GUIDANCE FOR CRITERIA IMPLEMENTATIONTHIS GUIDE NOTE RELATES TO PRACTICUM COURSES TO BE USED FOR EXPERIENCE CREDIT, AS SPECIFIED IN THE REAL PROPERTY APPRAISER QUALIFICATION CRITERIA.

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AQB GUIDE NOTE 5 (GN-5)AQB GUIDANCE FOR CRITERIA IMPLEMENTATIONTHIS GUIDE NOTE RELATES TO RECIPROCITY, TEMPORARY PRACTICE, RENEWALS, AND APPLICATIONS FOR THE SAME CREDENTIAL IN ANOTHER JURISDICTION, AS SPECIFIED IN THE REAL PROPERTY APPRAISER QUALIFICATION CRITERIA.

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AQB GUIDE NOTE 6 (GN-6)AQB GUIDANCE FOR CRITERIA IMPLEMENTATIONTHIS GUIDE NOTE RELATES TO THE VERIFICATION OF EXPERIENCE CREDIT AS SPECIFIED IN THE REAL PROPERTY APPRAISER QUALIFICATION CRITERIA.

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Report

Property Property

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appraisal report

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appraisal report

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appraisal report

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Retail

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Retail

appraisal report

appraisal

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AQB GUIDE NOTE 7 (GN-7)THIS GUIDE NOTE RELATES TO DEGREE PROGRAMS IN REAL ESTATE REVIEWED BY THE AQB, AND THEIR APPLICABILITY TOWARDS THE QUALIFYING EDUCATION SPECIFIED IN THE REQUIRED CORE CURRICULUM. RETIRED, JANUARY 2015

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AQB GUIDE NOTE 8 (GN-8)THIS GUIDE NOTE RELATES TO THE COLLEGE-LEVEL EDUCATIONAL REQUIREMENTS AS SPECIFIED IN THE REAL PROPERTY APPRAISER QUALIFICATION CRITERIA THAT BECAME EFFECTIVE ON JANUARY 1, 2008.RETIRED, JANUARY 2015

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AQB GUIDE NOTE 9 (GN-9)THIS GUIDE NOTE RELATES TO THE BACKGROUND CHECK REQUIREMENTS AS SPECIFIED IN THE REAL PROPERTY APPRAISER QUALIFICATION CRITERIA EFFECTIVE ON JANUARY 1, 2017.

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AQB GUIDE NOTE 10 (GN-10)THIS GUIDE NOTE RELATES TO THE COLLEGE-LEVEL EDUCATION REQUIREMENTS FOR THE CERTIFIED RESIDENTIAL CLASSIFICATION AS SPECIFIED IN THE REAL PROPERTY APPRAISER QUALIFICATION CRITERIA THAT BECAME EFFECTIVE MAY 1, 2018.

Real Property

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Real Estate

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MARK A. LEWIS, CHAIRJOHN F. RYAN, VICE CHAIR

WILLIAM FALLGREG HARDINGBRAD SWINNEY

SHAWN TELFORDJERRY YUREK

APPRAISER QUALIFICATIONS BOARD

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THE APPRAISAL FOUNDATIONThe Madison Building

1155 15th Street NW, Suite 1111Washington, DC 20005

tel 202 347 7722

www.appraisalfoundation.org

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