How to Earn or Upgrade Your Arkansas Appraisal License
If you’re looking to become an appraiser in Arkansas or aiming to level up your license, learn the state requirements you’ll need to meet. To help you on your journey, McKissock Learning provides the required courses, whether you’re starting from scratch or seeking a higher level of licensure.
Arkansas Appraiser License: Trainee
How to become an appraiser in Arkansas
Get your start as an appraiser as a trainee, also called a Registered Apprentice or a State Registered Appraiser. With this credential, you can start assessing residential properties with the guidance of a Certified Residential or Certified General Appraiser acting as your supervisor. It’s a hands-on way to learn the ropes and gain necessary experience while earning some cash along the way.
To qualify, meet these requirements:
Step 1: Complete 75 hours of required Arkansas appraiser education.
Step 2: Secure a supervisor
Step 3: Complete and submit your application and background check.
What does an Arkansas real estate appraiser do?
A real estate appraiser conducts a thorough analysis of a property to make an estimate of its value, taking into account factors such as its size, condition, and the dynamics of the local market. They compare it with similar properties to ensure accuracy, crafting a report detailing their findings. This provides an objective assessment of the property’s worth, without bias towards buyers or sellers.
Required courses to become an Appraiser Trainee in Arkansas
- Basic Appraisal Principles – 30 hours
- Basic Appraisal Procedures – 30 hours
- National USPAP Course or Equivalent – 15 hours (must be taken in classroom)
Online Info
75 QE Hours.
15-hr Nat’l USPAP Update or Equivalent.
Basic Appraisal Principles – 30 hrs.
Basic Appraisal Procedures – 30 hrs.
2015 AQB Supervisor/Trainee Course Requirement: Both the Trainee Appraiser and Supervisory Appraiser shall be required to complete a course that, at minimum, complies with the specifications for course content established by the AQB. The course must be completed by the Trainee Appraiser prior to obtaining a Trainee Appraiser credential, and completed by the Supervisory Appraiser prior to supervising a Trainee Appraiser.
Experience: N/A
College Education: N/A
Online Limitations
*McKissock requires students to complete a paper examination in order to verify proctor locations.
Roster
Governing Agency
Good to Know: FAQs for how to become an appraiser in Arkansas
Should I get my Arkansas appraiser license?
Launching an appraisal business in Arkansas comes with minimal startup expenses and low risk compared to other professions. Even during market ups and downs, there’s a consistent need for appraisers, particularly for duties like estate settlements or divorce evaluations. Being an appraiser grants you the freedom to set your own schedule while still securing a steady paycheck.
How long does it take to become an appraiser in Arkansas?
Begin your journey by completing 75 hours of qualifying education while connecting with a Certified Residential or Certified General Appraiser to mentor you. You can work on both tasks simultaneously to make the process more efficient. Afterward, submit your application and background check for approval. It’s an easy way to kickstart your career in real estate appraisal.
McKissockLearning allows you to do this on your time, in the comfort of your own home!
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Arkansas Appraiser License: Licensed
Arkansas, state-licensed appraisers can provide valuations and appraisals of non-complex, one-to-four residential units having a transaction value below $1,000,000 and complex one-to-four residential units having a transaction value less than $400,000.Here are the steps that must be taken:
Step 1: Complete 150 hours of education.
Step2: Complete 1,000 hours of experience in a minimum of six months.
Step 3: Pass the National Uniform Licensing and Certification Exam for Licensed Residential Appraisers.
Arkansas Licensed Appraiser (150 hours) – AQB recommended course order
- Basic Appraisal Principles – 30 hours.
- Basic Appraisal Procedures – 30 hours.
- 15-hour Nat’l USPAP or Equivalent. (must be taken in classroom)
- Residential Market Analysis & Highest and Best Use – 15 hours.
- Residential Appraiser Site Valuation and Cost Approach – 15 hours.
- Residential Sales Comparison and Income Approaches – 30 hours.
- Residential Report Writing and Case Studies – 15 hours.
Good to Know: FAQs about becoming an appraiser in Arkansas
Once I earn my license, then what?
After you earn your Arkansas appraisal license, you need to maintain it. To do this, you will need to complete 28 hours of continuing education (CE) each two-year renewal cycle. Your CE must include the 7-hour National USPAP Update Course.
Arkansas Appraiser License: Certified Residential
How to become a real estate appraiser in AR: Certified Residential
Arkansas Certified Residential Appraisers can evaluate any residential property with 1-4 units, regardless of cost or complexity. This includes vacant or unimproved land suitable for 1-4 family units.
Certified Residential Appraiser in Arkansas must complete the following steps:
Step 1: 200 hours of required education
Step 2: 1,500 of acceptable appraisal experience in a minimum 12 months.
Step 3: Pass the National Uniform Licensing and Certification Exam for Certified Residential Appraisers.
You must also meet one of the following college education criteria:
- Bachelor’s degree from an accredited college or university in any field of study
- Associate’s Degree from an accredited college or university in a focused field of study, such as economics or real estate
- Successfully complete 30 hours of college credit in specified topics
- Complete at least 30 semester units of College Level Examination Program (CLEP) examinations that cover specified topics
- Any combination of college credit or CLEP credit in specified topics
Arkansas Certified Residential Appraiser (200 hours) – AQB recommended course order
- Basic Appraisal Principles – 30 hours
- Basic Appraisal Procedures – 30 hours
- National USPAP Course or Equivalent – 15 hours (must be taken in classroom)
- Residential Appraiser Site Valuation and Cost Approach – 15 hours
- Residential Sales Comparison and Income Approaches – 30 hours
- Residential Report Writing and Case Studies – 15 hours
- Statistics, Modeling and Finance – 15 hours
- Advanced Residential Applications and Case Studies – 15 hours
Appraisal Subject Matter Electives – 20 hours
Online Info
Qualifying Education:
200 QE Hours.
15-hour Nat’l USPAP or Equivalent.
Basic Appraisal Principles – 30 hours.
Basic Appraisal Procedures – 30 hours.
Residential Market Analysis & Highest and Best Use – 15 hours.
Residential Appraiser Site Valuation and Cost Approach – 15 hours.
Residential Sales Comparison and Income Approaches – 30 hours.
Residential Report Writing and Case Studies – 15 hours.
Statistics, Modeling and Finance – 15 hours.
Advanced Residential Applications and Case Studies – 15 hours.
Appraisal Subject Matter Electives – 20 hours.
Experience: 2,500 hours of acceptable appraisal experience in not less than 24 months.
College Education: Must have a Bachelor’s degree or higher.
Online Limitations
*McKissock requires students to complete a paper examination in order to verify proctor locations.
Roster
Governing Agency
Good to Know – FAQs to become a Certified Residential Appraiser in Arknasas
Why become a Certified Residential Appraiser in Arkansas
As a Certified Residential Appraiser, you have the ability to evaluate a variety of residential properties with up to four units, without limitations on their complexity or worth. This expands your chances to earn more, and gives you more flexibility to work on your own schedule.
How much do residential appraisers earn in Arkansas?
While salary depends on a variety of factors, including location and experience, the average residential appraiser in Arkansas earns between $47,000 and $64,0001.
Arkansas Appraiser License: Certified General
Certified General Appraisers in Arkansas hold a certification with no limitations. They’re trained to evaluate a range of properties, including single-family homes, apartment buildings, farmland, factories, and commercial spaces. This comprehensive certification offers diverse opportunities for appraisal work.
Earn your credential with the following steps:
Step 1: Complete 300 hours of qualifying education
Step 2: Finish 3,000 hours of acceptable appraisal experience within 18 months, with at least 1,500 hours in non-residential property.
Step 3: Pass the Exam: Successfully pass the National Uniform Licensing and Certification Exam for Certified General Appraisers.
Also, you must old a bachelor’s degree from an accredited college or university.
Arkansas Certified General Appraiser (300 hours) – AQB recommended course order
- Basic Appraisal Principles – 30 hours
- Basic Appraisal Procedures – 30 hours
- National USPAP Course or Equivalent – 15 hour (must be in classroom)
- General Appraiser Market Analysis and Highest and Best Use – 30 hours
- Statistics, Modeling and Finance – 15 hours
- General Appraiser Site Valuation and Cost Approach – 30 hours
- General Appraiser Sales Comparison Approach – 30 hours
- General Appraiser Income Approach – 60 hours
- General Appraiser Report Writing and Case Studies – 30 hours
- Appraisal Subject Matter Electives – 30 hours
Online Info
300 QE Hours.
15-hour Nat’l USPAP or Equivalent.
Basic Appraisal Principles – 30 hours.
Basic Appraisal Procedures – 30 hours.
General Appraiser Market Analysis & Highest and Best Use – 30 hours.
General Appraiser Site Valuation and Cost Approach – 30 hours.
General Appraiser Sales Comparison Approach – 30 hours.
General Appraiser Report Writing and Case Studies – 30 hours.
Statistics, Modeling and Finance – 15 hours.
General Appraiser Income Approach – 60 hours.
Appraisal Subject Matter Electives – 30 hours.
Experience: 3,000 hours of acceptable appraisal experience in no less than 30 months. A minimum of 1,500 hours of the required experience must be in non-residential appraisal work.
College Education: Must have a Bachelor’s degree or higher.
Online Limitations
*McKissock requires students to complete a paper examination in order to verify proctor locations.
Roster
Governing Agency
Good To Know- Frequently asked questions to become a Certified General Appraiser in Arkansas
Do I need a college degree to be a Certified General Appraiser?
Yes, you will need a bachelor’s degree from an accredited college or university.
How much do Certified General Appraisers earn in Arkansas?
Certified General Appraisers’ median salary in Arkansas is around $82,0002.
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