Yes, all appropriate qualifying education needs to be completed before you can enroll. Here are the requirements for the Licensed Residential and Certified Residential tracks:
Licensed Residential
158 hours total of QE courses or approved university equivalents
- Valuation Bias and Fair Housing Laws and Regulations (8 hours)
- Basic Appraisal Principles (30 hours)
- Basic Appraisal Procedures (30 hours)
- 15-Hour National USPAP Course (15 hours)
- Residential Market Analysis and Highest & Best Use (15 hours)
- Residential Site Valuation and Cost Approach (15 hours)
- Residential Sales Comparison and Income Approaches (30 hours)
- Residential Report Writing and Case Studies (15 hours)
AI offers discounted online packages for the required PAREA courses.
1st Half Course Package (15% off):
✔ Basic Appraisal Principles
✔ Basic Appraisal Procedures
✔ 15-Hour Equivalent USPAP® Course
✔ Valuation Bias and Fair Housing Laws and Regulations
2nd Half Course Package (15% off):
✔ Residential Market Analysis and Highest & Best Use
✔ Residential Report Writing and Case Studies
✔ Residential Site Valuation and Cost Approach
✔ Residential Sales Comparison and Income Approaches
Full Course Package (15% off):
✔ Basic Appraisal Principles
✔ Basic Appraisal Procedures
✔ 15-Hour Equivalent USPAP® Course
✔ Valuation Bias and Fair Housing Laws and Regulations
✔ Residential Market Analysis and Highest & Best Use
✔ Residential Report Writing and Case Studies
✔ Residential Site Valuation and Cost Approach
✔ Residential Sales Comparison and Income Approaches
Certified Residential
208 hours total of QE courses or approved university equivalents
The required hours are the same as Licensed Residential (LR) above, but with three additional course requirements:
- Real Estate Finance, Statistics, and Valuation Modeling (15 hours)
- Advanced Residential Applications and Case Studies
- Appraisal Subject Matter Electives (20 hours)
⚠️ To enroll in the Certified Residential track, you must also already have:
- A valid Licensed Residential (LR) credential; or
- Successful completion of a PAREA program for Licensed Residential (LR)