As a New Mexico Certified Residential Appraiser, you will be allowed to appraise residential properties of one to four units, regardless of complexity or value.
If you’re interested in becoming a Certified Residential Appraiser, you have to complete 200 hours of creditable class hours (which includes the 150 hours you’ve already completed to become a New Mexico Residential Licensed Appraiser). This education will qualify you to sit for the AQB-approved Certified Residential Appraiser Exam. You must also complete an additional 500 hours of work experience under the direction of a supervisor to qualify for Level 3 licensure. When you successfully complete the exam, you will become licensed.
If you’re interested in becoming a Certified Residential Appraiser, you have to complete 200 hours of creditable class hours (which includes the 150 hours you’ve already completed to become a New Mexico Licensed Residential Appraiser). This education will qualify you to sit for the AQB-approved Certified Residential Appraiser Exam. You must also have completed a total of 1,500 hours of experience in real property appraisal obtained during no fewer than twelve months, submitted on a form prescribed by the board and attested to by the supervising appraiser under whose supervision the experience was obtained.
You must also complete college-level education experience. Please refer to the state board’s website for more information at http://www.rld.state.nm.us/boards/Real_Estate_Appraisers.aspx
Have you already completed the required education? If you still need to pass the exam, check out our Appraisal Review Crammer class.
