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 2,000 hours of appraisal experience in no fewer than 12 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.
|Select Your Course or Package||Credit |
|Live Class||Licensed Residential Real Property Appraiser Essential Package (75-Credit Hours)||75||$1,399.00||View Details|
|Live Class||Licensed Residential Real Property Appraiser Premium Package (75-Credit Hours)||75||$1,449.00||View Details|
|Live Class||Residential Report Writing and Case Studies Classroom Course (15-Credit Hours)||15||$349.00||View Details|
|Live Class||Residential Sales Comparison & Income Approaches Classroom Course (30-Credit Hours)||30||$579.00||View Details|
|Live Class||Residential Site Valuation and Cost Approach Classroom Course (15-Credit Hours)||15||$349.00||View Details|