How to Get a Residential Real Estate Appraiser's License in New York

The many real estate transactions that occur in the state of New York every month require knowledgeable individuals to determine the fair market value of that real estate. Banks want to lend money to buyers of homes, but only if those homes are worth the money being lent. Homeowners want to borrow money against the value of their homes and buyers want confirmation that the money that they're offering to buy their homes for are priced fairly. All of these parties use residential real estate appraisers who are licensed by the New York State, Department of State, Division of Licensing Services.

In New York, there are five different appraisal designations, each with its own educational and experience requirements. These designations are "State Licensed Residential Real Estate Appraiser," "State Certified Residential Real Estate Appraiser," "State Certified General Real Estate Appraiser," "State Licensed Real Estate Appraiser Assistant" and a "Temporary/Reciprocal" status.

Every applicant for each of these five designations must meet the following requirements:

* Take the minimum number of required classroom hours of education
* Pass a written examination
* Provide the minimum number of required hours of appraisal experience

Each one of these different designations requires a different level of requirements.

* State Licensed Residential Real Estate Appraiser
* Education - 90 hrs
* 30 hrs of Introduction to Real Estate Appraisal
* 30 hrs of Valuation Principles and Procedures
* 15 hrs of Fair Housing, Fair Lending, and Environmental Issues
* 15 hrs of National USPAP Course (or its equivalent)
* Experience within 24 months
* 2,000 hrs of which 1,500 hrs must be from residential property appraisals