Appraisal Continuing Education - Common Questions
If you have questions or concerns, please contact our Business Services department at
educate@wra.org or
800-279-1972.
General Questions
Distance Learning Option
General Questions
|
Q.
Is an
appraiser, who is a member of NAR, who has a REALTORŪ
member status, required to take the ethics requirement
as passed by NAR to fulfill their membership
obligation? |
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A. If your local board
allows an appraiser to join the association as a
REALTORŪ member, they are subject to the same
requirements as real estate licensees. All members who
have REALTORŪ status must take the ethics requirement
as passed by NAR to fulfill their membership
obligation. |
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| Q. When did these
requirements become effective? |
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A. Effective February 1, 1998, the
education and experience requirements for licensed,
certified residential and certified general
appraisers have changed. |
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| Q. What are the
requirements to become a Licensed Appraiser? |
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A. A licensed appraiser may appraise
complex 1-to-4 family residential property having a
transactional value of not more that $250,000,
non-complex 1-to-4 family residential property with a
transactional value of not more than $1 million, and
commercial real estate having a transactional value of
not more than $250,000.
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Education: At least 90 hours of
approved courses, including at least 15 hours of
professional standards and ethics (USPAP
instruction), and at least 20 hours of
instruction regarding the income approach as
used in commercial appraisals.
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Experience: At least 2000 hours of
appraisal experience, including not more than 25
percent commercial appraisal experience. All
claimed experience must be in writing and on
file.
- Continuing Education: 28 hours every
two years
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| Q. What are the
requirements to become a Certified General Appraiser? |
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A. A certified general appraiser may
conduct appraisals of residential real estate and commercial
real estate without regard to transaction value.
- Education: At least 180 hours of
approved courses, including at least 15 hours of
professional standards and ethics (USPAP)
instruction, and at least 40 hours of
instruction regarding the income approach as
used in commercial appraisals.
- Experience: At least 3,000 hours of
appraisal experience in not less than 30 months,
including not more than 50 percent residential
appraisal experience. All claimed experience
must be in writing and on file.
- Continuing Education: 28 hours every
two years
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Distance Learning Option
| Q. What is Distance
Learning and how can I participate? |
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A. To participate in this
continuing education distance learning program you
will first need to register for the desired course(s).
Once you are registered you will receive materials
(DVD and outline) via UPS. After reviewing a portion
of the course you will connect to the WRA's Web site
and complete a 25 question multiple-choice quiz. You
have 60 minutes to complete the quiz and must score a
70 percent or better to proceed to the next section
of the course. You have two chances to pass a quiz.
There is a quiz after approximately every hour of
video. After you pass all quizzes, you will be able
to print your certificate.
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| Q. What is the fee for
the Distance Learning option? |
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A. Appraisal section
member: $60; WRA member: $65; Non-Member: $70
USPAP Course fee: Appraisal section member: $130;
WRA member: $140; Non-Member: $150 |
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| Q. What are the equipment
requirements for the Distance Learning option? |
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A. VCR/DVD player, Television,
Computer with Internet Access (minimum 28.8kps
modem), Printer. |
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