Puerto Rico Appraisal License Requirements

Education:

That the applicant has completed the three hundred and fifteen (315) hours/credits with exam in classes, including the fifteen (15) hours/credits with examination of the course of Uniform Rules of Practice (Ethics), known (USPAP), in accordance with the criteria approved by the Appraiser Qualifications Board (AQB) and the 15 hours credits with examination of the course of Laws and Regulations

College Education:

Must have a Bachelor’s degree. For state license applicants, it shall be required that within the courses approved for the bachelor's degree, at least twelve (12) college credits must be in subjects related to real estate appraisal. For the Federal Certification, fifteen (15) college credits shall be required.

Education:

The applicant has completed the two hundred (200) hours credits with exam in classes, including the fifteen (15) hours credits with examination of the course of Uniform Standards of Practice (Ethics), known (USPAP) according to the criteria approved by the Appraiser Qualifications Board (AQB) .

Experience:

Two thousand five hundred (2,500) hours of professional experience obtained in no less than twenty-four (24) months worked. To establish the experience, the applicant will self-evaluate his professional practice to determine the accumulation of two thousand five hundred (2,500) hours obtained in no less than twenty-four (24) months worked. This evaluation of the applicant's professional practice will be based on the criteria of the accompanying Door Table of Hours Credits. The Board will select the reports to be submitted. The two thousand five hundred hours (2,500) of experience provided must be under the L1, L2 and L3 codes

Education:

The applicant has completed the three hundred (300) hours credits with exam in classes, including the fifteen (15) hours credits with examination of the Uniform Rules of Practice (Ethics), known (USPAP) according to the criteria approved by the Appraiser Qualifications Board (AQB).

Experience:

3,000 (3,000) hours of professional experience obtained in no less than thirty (30) months worked. To establish the experience, the applicant will self-evaluate his professional practice to determine the accumulation of 3,000 (3,000) hours obtained in no less than thirty (30) months worked. This evaluation of the applicant's professional practice will be based on the criteria of the accompanying Door Table of Hours Credits. The Board will select the reports to be submitted. For the General Certification Appraiser at least fifty percent (50%) of the practice must be under the G3 codes G12.

If the applicant holds a State license (EPA) and applies for general certification, the Board will require three (3) commercial reports (commercial, industrial, detailed rent study or special prop.) and four (4) residential appraisals. If the candidate has residential certification and applies for general certification, the Board will request three (3) commercial reports.