|
Home
Up
Calendar of Events
Membership
Classroom C.E.
Find an Appraiser
Job Listings
Archives
Links
Board of Governors
Committees
Past Presidents
Bylaws
Code of Ethics
Advertising
Green Building
| |
FAQs - Real Estate Appraiser in New York
(from New York State Dept of State website)
What are the licensure/certification requirements?
There are three basic requirements for a license/certification:
- Education is required of all applicants and is based on the category of
license/certification for which you are applying.
- A written examination is required.
- Experience is required of all applicants and is based on the category of
license/certification for which you are applying. Applicants not meeting the
experience requirements may be eligible for an appraiser assistant license.
What are the categories of licensure/certification, related fees, and
terms of licensure?
| Category |
Fee |
Term |
| State Licensed Real Estate Appraiser |
$325* |
2 years |
| State Certified Residential Real Estate Appraiser |
$325* |
2 years |
| State Certified General Real Estate Appraiser |
$325* |
2 years |
| State Licensed Real Estate Appraiser Assistant |
$275** |
2 years |
| Temporary/Reciprocal |
$125 |
1 year |
* $250 application fee, $50 federal registration fee and $25 examination
application fee
** $250 application fee and $25 examination application fee
What are the educational requirements?
Courses listed in the
Real Estate
Appraiser Law book, 19 NYCRR Part 1103 must be completed sequentially for
the residential and general appraisal classifications.
What are the continuing education requirements?
All real estate appraisers and assistants are required to successfully complete
28 hours of approved appraiser continuing education courses, which must include
the seven-hour National USPAP update course, within their two-year
license/certification period prior to renewal.
What are the experience requirements?
State Licensed Real Estate Appraiser 2,000 hours
of experience over a period of not less than 24 months is required, 75% (1,500
hours) of which must be from appraisals of residential properties listed on
the Appraisal Experience Report (Attachment C).
State Certified Residential Appraiser
2,500 hours of experience over a period of not less than 24 months is
required, 75% (1,875 hours) of which must be from appraisals of residential
properties listed on the Appraisal Experience Report (Attachment C).
Residential experience must contain experience in single family (including
single co-op or condo), two-four family, or other residential experience
(vacant lot/farm). 80% (1,500 hours) of the residential experience must be in
the single family category. 10% (187.5 hours) of the residential experience
must be in each of the two remaining categories.
State Certified General Appraiser
3,000 hours of experience over a period of not less than 30 months is
required, 75% (2,250 hours) of which must be from appraisals of general
properties listed on the Appraisal Experience Report (Attachment C).
General experience must contain experience in multi-family,
commercial/industrial, or other (land/manufacturing/institutional). 60% (1,350
hours) of the general experience must be in one of the above categories. 20%
(450 hours) of the general experience must be in each of the two remaining
categories.
Note: Experience must be obtained within the five-year
period prior to submission of your application. To assure consistency and
fairness in evaluating appraisal experience, the Department of State will use
an "hourly system" that will serve as a guideline. The hourly system takes
into consideration the number and type of appraisals performed and hours
worked (including travel). However, applicants who claim mass
appraisal experience have a waiver of the five-year rule if they apply for
licensure or certification before January 1, 2001.
Do I have to provide experience documentation at the time of
application?
No. However, applicants may be asked to verify claimed experience following
initial licensure/certification. Therefore, you must have documentation in your
possession to support all "claimed experience."
What is considered acceptable experience?
- Standard Appraisals:
If you performed at least 75% of the work associated with an appraisal
(including preparation of the appraisal report), you will receive
full credit for that appraisal, even if your work was reviewed by a
supervising appraiser who signed the appraisal report. You must complete
Attachments C and D. of the application
- Review Appraisals:
If you performed a "review appraisal," whether defined as a "field review"
or a "documentary review" or a combination of both, you will receive
25% of the hours normally assigned for that appraisal. You must
complete Attachments C and D of the application.
- Note: Review Appraisals may be used for
qualifying experience credit only up to a maximum of 25% of the
required hours.
| Class |
Required Experience |
Maximum Credit Allowed for
Appraisal Review |
| State Licensed Real Estate Appraiser |
2,000 hours |
500 hours |
| State Certified Residential Appraiser |
2,500 hours |
625 hours |
| State Certified General Appraiser |
3,000 hours |
750 hours |
Mass Appraisal Experience:
In accordance with 19 NYCRR 1102.7 in the
Real Estate
Appraisal Law Book, applicants for licensure/certification may receive
credit for mass appraisal experience. Please refer to and complete
Attachment E of the application.
What if I have a combination of traditional and mass appraisal
experience?
If you have combined experience, please refer to and complete Attachments C, D,
E, and F of the application.
What is considered unacceptable experience?
- Market value estimates as a real estate
licensee in connection with the listing and/or sale of real estate (i.e.,
"comparative market analysis") are unacceptable.
- Business appraisals are unacceptable. (Credit
will be given for appraisals of individual parcels of commercial
real estate.)
- Personal property appraisals are unacceptable.
- Feasibility or market analysis is
unacceptable, except to the extent that the "market value" of a proposed
real estate project is being estimated
What if I don't meet the necessary experience qualifications?
If you do not meet the experience qualifications, you may apply for an Appraiser
Assistant license.
How do I qualify as a State Licensed Real Estate Appraiser Assistant?
State Licensed Real Estate Appraiser Assistant applicants must do the
following:
- File an appraiser application with the $275 fee,
- Meet the minimum education requirements of a State Licensed Real Estate
Appraiser,
- Be supervised in the conduct of their services by a New York State
licensed or certified appraiser who must cosign any appraisal
report involving a federally related transaction over the deminimus level,
and
- Utilize the same Uniform Standards of Professional Appraisal Practice as
a state licensed or certified appraiser.
Upon satisfaction of the application requirements of the Department of
State, the Department will issue a renewable 2-year State Licensed Real Estate
Appraiser Assistant license.
Should an appraiser assistant acquire experience for licensed or certified
appraiser, his or her application must comply with whatever examination and
education requirements exist for that category at that time.
Is there reciprocity with other states?
Yes. An applicant may be certified/licensed in New York State without
examination and further qualification if the applicant is certified/licensed
in another state or territory:
 | whose program has been officially endorsed by the Federal Appraisal
Subcommittee. |
| whose examination has been approved by the Appraiser Qualification Board
of the Appraisal Foundation. |
| who has entered into a reciprocal agreement with New York State for the
recognition of each others' licensing/certification program. |
Reciprocity applicants must submit the following:
| A certification from the state agency in which they are currently
licensed/certified, indicating current status as an appraiser in good
standing |
| An "Irrevocable Consent" form, if nonresident |
| A completed appraiser application (p. 1) and Attachment G with $300
($250 application and $50 federal registration fee) |
The term for a reciprocal license/certification is 2 years.
How do I apply for a temporary license/certification?
On occasion, a nonresident appraiser may wish to conduct business of a
temporary nature in New York State. The applicant may be issued a temporary
license/certificate to perform appraisals in New York State if the applicant
is certified/licensed in another state or territory:
| whose program has been officially endorsed by the Federal Appraisal
Subcommittee. |
| whose examination has been approved by the Appraiser Qualification Board
of the Appraisal Foundation. |
Nonresident temporary applicants must submit the following:
| A certification from the state agency in which they are currently
licensed/certified, indicating current status as an appraiser in good
standing |
| An "Irrevocable Consent" form |
| A completed appraiser application (p. 1) and Attachment G with $125
application fee |
NOTE: Applicants May Not Maintain an Office that Provides
Appraisal Services to Clients in New York State.
The term is for one year and cannot be renewed.
I am a licensed real estate appraiser. Am I required to identify my
license status on an appraisal report or contract?
Real property appraisal activities, including the appraisal report and contract
for services, must include the title, "State Certified Residential Real Estate
Appraiser," "State Certified General Real Estate Appraiser," or "State Licensed
Real Estate Appraiser," as appropriate. Additionally, the certification or
license number of the appraiser must be set forth adjacent to or immediately
below such title. (Section 160-r of the Executive Law)
How do I renew my real estate appraiser license/certification?
The renewal application is posted to the appraiser approximately three months
prior to the expiration of his or her license/certification. The application
must be completed and submitted with a $300 fee to the Department of State.
Instructions for proper submission are included with the renewal application. To
avoid an additional $200 penalty fee, the renewal must be received by this
office no later than 30 days after the expiration date of your current
license/certification.
Additionally, all real estate appraisers and assistants are required to
successfully complete 28 hours of approved appraiser continuing education
courses which must include the seven-hour national USPAP upddate course, within
their two-year license/certification period prior to renewal.
What if it has been more than two years since my last
license/certification expired?
If it has been more than two years since the expiration of the applicant's last
license, the applicant must file a new application, meet the current qualifying
education requirements, meet the current experience requirements, and pass the
appropriate appraiser examination.
Note: Qualifying experience can never be more than
5 years old. See 19 NYCRR §1102.1. (Dept
of State website)
Return to Previous Page
Return to CSA Home
|
