JMB Real Estate Academy

Trainee License, License and Certification Information

TRAINEE LICENSE CLASSES 75 Classroom Appraisal Course Hours ** Must Be Supervised by Certified Residential Appraiser or Certified General Appraiser
Basic Appraisal Principles	30 Hours
Basic Appraisal Procedures	30 Hours
15-hour USPAP	15 Hours
** Massachusetts now requires 75 classroom hours inclusive of the 15-hour USPAP

APPRAISAL LICENSE CLASSES 150 Classroom Appraisal Course Hours Experience:  2,000 Hours In No Fewer Than 12 Months (ME) 18 Months (NH) 24 Months (MA) Examination Effective 1/1/15 Must have 30 College Credits OR at least an Associates Degree If you have an Associates or Higher the college Credit is Waived
Basic Appraisal Principles	30 Hours
Basic Appraisal Procedures	30 Hours
15-hour USPAP	15 Hours
If you have already taken the above three courses you only need to take the following FOUR classes to obtain your Appraisal License.
Residential Market Analysis and Highest and Best Use	15 Hours
Residential Appraiser Site Valuation And Cost Approach	15 Hours
Residential Sales Comparison and Income Approaches	30 Hours
Residential Report Writing and Case Studies	15 Hours

APPRAISAL CERTIFICATION CLASSES 200 Classroom Appraisal Course Hours Experience:  2,500 Hours In No Fewer Than 24 Months Examination   Applicant must hold an Associate's Degree or higher from an accredited college or shall have acquired 21 Semester Credit Hours in specific classes.  If you have your Associate's Degree the 21 semester hours are waived. Effective 1/1/15 the applicant must have a Bachelor's degree (in any field) or higher
Basic Appraisal Principles	30 Hours
Basic Appraisal Procedures	30 Hours
15-hour USPAP	15 Hours
If you have already taken the above three courses you only need to take the following FOUR classes to obtain your full license.
Residential Market Analysis and Highest and Best Use	15 Hours
Residential Appraiser Site Valuation And Cost Approach	15 Hours
Residential Sales Comparison and Income Approaches	30 Hours
Residential Report Writing and Case Studies	15 Hours
If you are already licensed you only need to take the following THREE classes to upgrade to Residential Certification.
Statistics, Modeling and Finance	15 Hours
Advanced Residential Applications and Case Studies	15 Hours
Other Appraisal Subject Primary Courses - This may include additional hours in above topics	20 Hours
If you are already Residential Certified you need only take the following FIVE (5) courses to upgrade to Certified General.
General Appraiser Market Analysis and Highest and Best Use	15 Hours
General Appraiser Sales Comparison 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 CERTIFICATION CLASSES 300 Classroom Appraisal Course Hours Experience:  3,000 Hours In No Fewer Than 30 Months Examination   Applicant must hold an Bachelor's Degree or higher from an accredited college or shall have acquired 30 Semester Credit Hours in specific classes.  If you have your Bachelor's Degree the 30 semester hours are waived. Effective 1/1/15 a Bachelor's degree (in any field) or higher is required.
Basic Appraisal Principles	30 Hours
Basic Appraisal Procedures	30 Hours
15-hour USPAP	15 Hours
General Appraiser Market Analysis and Highest and Best Use	30 Hours
General Appraiser Site Valuation And Cost Approach	30 Hours
General Appraiser Income Approach	60 Hours
General Appraiser Sales Comparison and Income Approaches	30 Hours
General Appraiser Report Writing and Case Studies	30 Hours
Statistics, Modeling and Finance	15 Hours
Other Appraisal Subject Primary Courses - This may include additional hours in above topics	30 Hours