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Rhode Island Appraisal License Requirements
The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the State of Rhode Island Department of Business Regulation - 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.
Rhode Island Appraisal Licensure Levels:
Certified Residential Appraiser
Certified General Appraiser
Rhode Island 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 (Trainees are not required to take the state exam)
Submit application, required documents, and associated fees
Rhode Island Appraisal Education Requirements:
75 hours for the Trainee 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)
150 hours for the Licensed Appraiser which include the same hour requirement as the Trainee Appraiser level 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)
200 Hours for the Certified Residential 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 Appraiser which includes the same 200 hours for the Certified Residential Appraiser education AND: Income Property Appraisal (60 hours), General Appraiser Report Writing and Case Studies (10 hours), General Appraiser Market Analysis and Highest and Best Use (15 hours)
Trainee Appraiser - No experience required However, the trainee must gain experience within a two year period working for a certified appraiser
Licensed Appraiser - 2000 hours in no less than 24 months
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
Rhode Island Appraisal Continuing Education Requirements:
All licenses expire two years from the date of issuance
All licensees must complete 28 hours of continuing education during the two year cycle
7 hours must include the USPAP Update course or its equivalent