When you earn your Minnesota Certified Residential Real Property Appraiser classification, you will be permitted to appraise one- to four-unit residential properties without regard to value or complexity.
In order to earn your Certified Residential Real Property Appraiser license classification, you must successfully complete the AQB-approved Certified Residential Real Property Appraiser Exam. To qualify to take the exam, you must complete 200 creditable class hours of education (this includes the 150 hours you completed to become a Minnesota Trainee Real Property Appraiser and Licensed Residential Real Property Appraiser).
You also must hold an associates degree or higher in business administration, accounting, finance, economics or real estate from an accredited college, junior college, community college, or university. In lieu of the degree, you may successfully pass all of the following collegiate subject matter courses from an accredited institution or pass the CLEP exams or a combination of classes and CLEP exams.
If you’ve completed the required education, but still need to pass the exam, check out our Appraisal Review Crammer class.