Illinois Appraisal License Requirements
The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Illinois Department of Financial & Professional Regulation. 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.
Illinois Appraisal Licensure Levels:
- Associate Real Estate Appraiser
- Certified Residential License
- Certified General License
Illinois Appraisal Licensure Requirements:
- Must be at least 18 years of age
- Must have a high school diploma or its equivalent
- 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
Illinois Appraisal Education Requirements:
- 75 hours for the Associate Real Estate 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)
- 200 Hours for the Certified Residential Appraiser which consist of the same 75 hours of Associate Real Estate Appraiser 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 Certified General Appraiser which includes the same 200 hours for the Certified Residential 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)
Illinois Appraisal Experience Requirements:
- Associate Real Estate Appraiser – No experience requirement
- Certified Residential Appraiser – 2500 hours in no less than 24 months
- Certified General Appraiser – 3000 hours in no less than 30 months with at least 1500 hours of experience in non-residential appraisals
Illinois Appraisal Continuing Education Requirements:
- All licensees expire September 30 odd number years
- Appraisers are required to complete 28 hours of continuing education each renewal cycle
- The 7-hour USPAP Update course or its equivalent must be taken every other year