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Arkansas Appraisal License Requirements
The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Arkansas Appraiser Licensing & Certification Board. 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.
Arkansas Appraisal Licensure Levels:
State Registered Appraiser
State Licensed Appraiser
State Certified Residential Appraiser
State Certified General Appraiser
Arkansas Appraisal Licensure Requirements:
Must be at least 18 years of age
Must have a good reputation for honesty, truthfulness, and fair dealing and be competent to transact business
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
Arkansas Appraisal Education Requirements:
State Registered Appraisers must take the 15 hour USPAP course or its equivalent
150 hours for the State Licensed Appraiser 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), 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)
200 Hours for the Certified Residential Real Property Appraiser which consist of the same 150 hours of Licensed Appraiser education AND: Statistics, Modeling and Finance (15 hours), Advanced Residential Application and Case Studies (15 hours), Appraisal Subject Matter Electives (20 hours)
300 hours for the Certified General Real Property Appraiser which includes the same 200 hours for the Certified Residential Real Property 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)
State Registered Appraiser – no work experience requirement
Licensed Residential Appraiser – 2000 hours in no less than 12 months
Certified Residential Real Property Appraiser – 2500 hours in no less than 24 months
Certified General Real Property Appraiser – 3000 hours in no less than 30 months with at least 1500 hours of experience in nonresidential appraisals
State Registered Appraiser licenses expire annually on December 31st
All State Registered Appraisers must complete the 15 hour National USPAP or its equivalent prior to their first annual renewal
In subsequent years, the State Registered Appraiser must complete 14 hours per year of continuing education and must complete the 7 hour National USPAP Update course or its equivalent with the two year cycle
All other licensees expire annually on June 30th
All licensees must complete 28 hours of continuing education within a two year cycle in an even numbered year
At least 7 hours of this requirement must cover the USPAP Update course or its equivalent