Certified Residential Appraiser (200 Hrs.)
350 S .Rohlwing Rd. Second Floor Addison Il. 60101
In no fewer than 24 months and 2,500 hours of experience, an Associate Real Estate Trainee Appraiser may become a real estate appraiser and upgrade to a Certified Residential Appraiser by successfully completing a total of 200 hours of state-approved coursework and passing a state examination for an Illinois appraisal license. These 200 hours include the original 75 hours taken to receive the Associate Real Estate Trainee Appraisal license. The Certified Residential Appraiser candidate is solely responsible for his or her own work and can if they wish open their own appraisal company. Certified Residential Appraisers may appraise single family homes and 2-4 residential income units without regard to transaction value or complexity, as long as candidates meet the USPAP competency rules. This classification does not include the appraisal of subdivisions.
Title 
Hours
Hours - IL 1 National Uniform Standards of Professional Appraisal Practice (USPAP) Course 15
- IL 2 Basic Appraisal Principles 30
- IL 3 Basic Appraisal Procedures30
Credit for Appraisal Trainee License 75
75 If you wish to become a Certified Residential Appraiser and begin work as a real estate appraiser in Illinois, you must take the following 125 hrs of additional coursework:
- IL 4 Residential Market Analysis and Highest & Best Use
- IL 5 Residential Site Valuation and Cost Approach
- IL 6 Residential Sales Comparison and Income Approaches
- IL 7 Residential Report Writing and Case Studies
- IL 8 Advanced Residential Applications and Case Studies
- IL 9 Real Estate, Statistics, Modeling and Finance
- IL RE Mastering Unique and Complex Property Appraisals
TOTAL HOURS 125hrs $2875
125hrs $2875 125hr Package $2595.00 (save 10% or $260.00) Includes all Textbooks and materials.
Call today! (630) 627-0101
Certified Residential Appraiser Course Schedule
Course Times: Classes meet consecutively from 8:30 a.m. to 5:00 p.m.
Additional Requirements for the General Residential Certification:
Be at least 21 years old
College-level requirements: Associate degree or higher. In lieu of the required degree, 21 semester credit hours covering the following subject matter courses: English Composition; Principles of Economics (Micro or Macro); Finance; Algebra, Geometry or higher mathematics; Statistics; Computer Science; and Business or Real Estate Law.
Provide the state with a two-year Experience Log. LOG-APP – 2,500 hours of appraisal experience. Obtain the form at http://www.obre.state.il.us/realest/Forms/logapp.pdf
Submit proof of course work in the form of an original sealed school transcript. Transcripts, for all curriculums, are valid indefinitely.
Take the Certified Residential Exam. For a copy of the Appraiser Candidate Handbook go to www.goamp.com.
Complete an appraisal application which can be found at www.goamp.com.
October 2012
Il 4 Residential Market Analysis and Highest & Best Use Oct 6-7 Saturday and Sunday Il 5 Residential Site Valuation and Cost Approach Oct 11-12 Thursday Friday
Il 6 Residential Sales Comparison and Income Approaches Oct 13, 14, 20, 21 Saturdays and Sundays
Il 7 Residential Report Writing and Case Studies Oct 25-26 Thursday and Friday
Il 8 Advanced Residential Applications and Case Studies Oct 27-28 Saturday and Sunday
Il 9 Real Estate, Statistics, Modeling and Finance Nov 3-4 Saturday and Sunday
Il RE Mastering Unique and Complex Property Appraisals Nov 9-11 Friday through Sunday
Addison
350 S. Rohlwing Rd
Second Floor
Addison, IL 60101
125 Hr. Program
(8:30 am-5:00- pm)
Students may enroll in any of the 6 courses, in any order on any date and still receive the discounted tuition. Classes subject to minimum enrollments.
15 $375
30 $525
15 $375
15 $375
15 $375
15 $375
20 $475
Copyright 2011 Illinois Appraisal Education, Inc.: Become A Real Estate Appraiser. All Rights Reserved
Certified Residential Appraiser Course Requirements
