Minnesota Licensed Residential Real Property Appraisers are allowed to appraise non-complex, one- to four-unit residential properties having a transaction value of less than $1,000,000. Under this license classification, you will also be licensed to appraise complex one- to four-unit residential properties having a transaction value of less than $250,000.
Candidates seeking the Licensed Residential Real Property Appraiser classification must complete 1,000 hours of appraisal experience in no fewer than 6 months. You must pass the AQB-approved Licensed Residential Real Property Appraiser Exam in order to earn your license. The only alternative to passing the exam is the successful completion of the Certified Residential or Certified General exams.
To qualify for the Licensed Residential Real Property Appraiser Exam, you must complete 150 creditable class hours (this includes the 75 class hours you completed to become a Trainee Real Property Appraiser). For more information, view the Minnesota State Appraisal Licensing Requirements page.
If you’ve completed the required education but still need to pass the exam, check out our Appraisal Review Crammer class.
