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Real Estate Appraiser

Description:

A real estate appraiser provides analyses, opinions or conclusions relating to the nature, quality, value or utility of specified interests in, or aspects of, identified real estate. An appraisal may be classified by the subject matter into either a valuation or an analysis. There are four different categories of licensure or certification for real estate appraisers in New York State:

  1. Certified General Real Estate Appraiser: may appraise all types of real property.
  2. Certified Residential Real Estate Appraiser: may appraise 1-4 family residential units without regard to value or complexity.
  3. Licensed Residential Real Estate Appraiser: may appraise non-complex, 1-4 family residential units having a transaction value of less than $1,000,000; may appraise complex, 1-4 family residential units having a transaction value of less than $250,000.
  4. Licensed Real Estate Appraiser Assistant: may appraise real properties that a supervising appraiser is permitted to appraise.

Age Requirement:

Currently, there is no age requirement.

Licensing/Certification Requirements:

  1. There are mandatory, variable education requirements for all applicants seeking a license to practice real estate appraisal in New York State. The specific content and amount of education required of an individual applicant is determined by the category of real estate appraisal license being pursued.
  2. All prospective New York State real estate appraiser licensees must pass a written examination.
  3. Experience is required of all applicants. Both the quantity and quality of experience is determined by the category of license/certificate for which an applicant is applying. Applicants who do not meet the experience requirements may be eligible for an appraiser assistant license.

The latest information and requirements for licensure/certification are available on the New York State Department of State website at http://www.dos.ny.gov/licensing/

Examination Description:

A completed exam application package must be submitted to the New York State Department of State, Business and Licensing Services Office, for review and processing before an applicant for licensure will be issued an examination admission notice. The exam notice will include information regarding approved AQB test providers.

Fees: (as of August 1, 2012)

  • $25 -- Examination application fee (plus an additional exam fee charged by test providers)
  • $250 -- 2-year license for appraiser assistant application
  • $300 -- 2-year license/certification ($250 application fee; $50 registration) for other titles

Licenses Issued and Active:

From January 1, 2011 to December 31, 2011, there were 2,359 licenses issued for this occupation.
As of June 25, 2012, there were 4,891 active licenses outstanding for this occupation.

Licensing Authority:

New York State Department of State
Division of Licensing Services
One Commerce Plaza
99 Washington Avenue
P.O. Box 22001
Albany, New York 12201-2001
Phone: (518) 474-4429
Fax: (518) 473-6648
E-mail: licensing@dos.ny.gov

Standard Occupational Classification:

13-2021 - Appraisers and Assessors of Real Estate
To learn more about this occupation search the Occupational Information Network (O*Net).

Additional Information:

New York State Association of Realtors, Inc.
130 Washington Avenue
Albany, New York 12203
Phone: (518) 463-0300

Disclaimer:

Fees stated and other information contained in this report are subject to change. Please contact the licensing authority listed above for the most current information.

This page was last updated on 11/6/12.

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