LeMay
School of Real Estate's
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Licensure level | Trainee | Licensed Residential | Certified Residential | Certified General |
Permitted fields of work | May appraise all types of real property under supervision of a certified appraiser in good standing, as long as the supervising appraiser is qualified to perform the appraisal assignment. | May appraise non-complex 1-4 family residential properties worth $1,000,000 or less and complex 1-4 family residential properties worth $250,000 or less. May not appraise subdivisions if development analysis is needed. | May appraise 1-4 family residential property without regard to value or complexity. May not appraise subdivisions if development analysis is needed. | May appraise all type of real property. |
Minimum Experience hours | none | 2,000 hours obtained in no fewer than 18 months | 2,500 hours obtained in no fewer than 24 months | 3,000 hours, 1,500 of which must be non-residential appraisal work (ie, properties exceeding scope allowed under residential licensure or certification) obtained in no fewer than 30 months |
Post-Secondary Education | none | an associates degree or higher
or 30 semester credit hours of college level education from a college, junior college, community college, or university accredited by the Commission on Colleges, a regional or national accreditation association, or by an accrediting agency that is recognized by the U.S. Secretary of Education. |
Bachelors (4-year) degree or higher | Bachelors (4-year) degree or higher |
Pass National Exam | No | Yes | Yes | Yes |
Licensure level | Trainee | Licensed Residential | Certified Residential | Certified General |
Required Education | 75 hours total | 150 hours total | 200 hours total | 300 hours total |
Basic Appraisal Principles 30 hours |
Basic Appraisal Principles 30 hours |
Basic Appraisal Principles 30 hours |
Basic Appraisal Principles 30 hours |
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Basic Appraisal Procedures 30 hours |
Basic Appraisal Procedures 30 hours |
Basic Appraisal Procedures 30 hours |
Basic Appraisal Procedures 30 hours |
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2-day, USPAP 15 hours |
2-day, USPAP 15 hours |
2-day, USPAP 15 hours |
2-day, USPAP 15 hours |
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Residential Market Analysis and Highest and Best Use 15 hours |
Residential Market Analysis and Highest and Best Use 15 hours |
General Appraiser Market Analysis and Highest and Best
Use 30 hours |
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Residential Appraiser Site Valuation and Cost Approach 15 hours |
Residential Appraiser Site Valuation and Cost Approach 15 hours |
General Appraiser Site Valuation and Cost Approach 30 hours |
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Residential Sales Comparison and Income Approaches 30 hours |
Residential Sales Comparison and Income Approaches 30 hours |
General Appraiser Sales Comparison Approach 30 hours |
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Residential Report Writing and Case Studies 15 hours |
Residential Report Writing and Case Studies 15 hours |
General Appraiser Income Approach 60 hours |
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Statistics, Modeling, and Finance 15 hours |
Statistics, Modeling, and Finance 15 hours |
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Advanced Residential Applications and Case Studies 15 hours |
General Report Writing and Case Studies 30 hours |
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Appraisal Subject Matter Electives 20 hours |
Appraisal Subject Matter Electives 30 hours |
The primary source document for this guide: New Hampshire Real Estate Appraiser Board rules http://www.gencourt.state.nh.us/rules/state_agencies/rab100-500.html.
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