Illinois Applicant Appraisal Form
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How to fill out Applicant Appraisal Form?
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FAQ
To become a State Licensed Real Estate Appraiser, a person must meet the following qualifications: completion of 75 hours of appraisal coursework and 1,000 hours of experience; passage of an examination; and payment of the required fees.
Certified General Appraiser (153) Three thousand hours of appraisal experience during no fewer than 30 months, of which 1,500 hours shall be in non-residential appraisal work. College-level requirements: Bachelors degree or higher.
Illinois Appraisers are required to take 28 continuing education hours every 24 months including National USPAP Update (or Equivalent). (The 7-hour National USPAP Update Course or its equivalent must be completed within 6 months after the effective date of USPAP).
Real estate appraisers need skills in areas including customer service and mathematics.
Trainee appraiser: No college degree is required. Licensed residential appraiser: No college degree is required. Certified residential appraiser: The AQB requires a bachelor's degree, associate degree in an approved field, or 30 college semester credit hours in specific topics or completion of CLEP exams.
Who Pays for Appraisal in Illinois? Generally, a buyer pays the home appraisal fees before buying a house. These fees are considered a part of the buyer's closing costs in Illinois. Borrowers pay the house appraisal fees in Illinois where a mortgage is involved.
How Long Does It Take to Get an Illinois Certified Residential Real Estate Appraiser License? Between the 1,500 hours of mandatory appraisal experience and over 200 hours of appraisal and trainee education, you're looking at anywhere between 13 and 26 months.