The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Alaska Board of Certified Real Estate Appraisers. The information provided below can be found on the Board’s website. However, we recommend you contact the Board for more detailed information and for any changes which may have occurred.
Alaska Appraisal Licensure Levels:
- Registered Trainee
- Residential Real Estate Appraiser
- General Real Estate Appraiser
- Institutional Real Estate Appraiser (This is an appraiser who is employed full time by a financial institution with offices in the state. This appraiser may not perform real estate appraisal service for the general public or for a fee other than salary.
Alaska Appraisal Licensure Requirements:
- Must not have committed any crimes of moral turpitude
- Must meet the educational requirement for the applying level of licensure
- Must meet the experience requirement for the applying level of licensure
- For Certified Residential level: A minimum of an Associate’s Degree OR 21 college semester hours in specific subject matters is also required.
- For Certified General level: A minimum of a Bachelor’s Degree OR 30 college semester hours in specific subject matters is also required.
- Satisfactory completion of the state examination
- Submit application, required documents, and associated fees.
Alaska Appraisal Education Requirements:
- 75 hours for the Registered Trainee which consist of the following courses: Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30 hours), 15 Hour National USPAP Course or its equivalent (15 hours)
- 200 Hours for the Residential Real Estate Appraiser which consist of the same 75 hours of Trainee education AND: Residential Market Analysis and Highest and Best Use (15 hours), Residential Appraiser Site Valuation and Cost Approach (15 hours), Residential Report Writing and Case Studies (15 Hours), Residential Sales Comparison and Income Approach (30 hours) Statistics, Modeling and Finance (15 hours), Advanced Residential Application and Case Studies (15 hours), Appraisal Subject Matter Electives (20 hours)
- 300 hours for the General Real Estate Appraiser which includes the same 200 hours for the Residential Real Estate Appraiser education AND: General Appraiser Sales Comparison and Income Approach (15 hours), General Appraiser Site Valuation and Cost Approach (15 hours), General Appraiser Income Approach (45 hours), General Appraiser Report Writing and Case Studies (10 hours), General Appraiser Market Analysis and Highest and Best Use (15 hours)
Appraisal Experience Requirements:
- Registered Trainee – No experience required
- Residential Real Estate Appraiser – 2500 hours in no less than 24 months
- General Real Estate Appraiser – 3000 hours in no less than 30 months with at least 1500 hours of experience in non-residential appraisals
Alaska Appraisal Continuing Education Requirements:
- All licenses expire on June 30th of odd number years
- All licensees must complete 28 hours of continuing education within the renewal cycle
- At least 7 hours of this requirement must cover the USPAP Update course or its equivalent