Title XI of the FIRREA requires all licensed and certified appraisers to successfully pass an examination that’s issued or endorsed by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation. That examination is known as the National Uniform Licensing and Certification Exam. Once you’ve completed your education requirements, you must pass the national exam as the final step toward earning your appraisal license.
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Who needs to take the exam?
Anyone looking to become a licensed or certified real estate appraiser must take and pass the national exam. There are actually three different exams—one for each license level. To become a licensed residential appraiser, you’ll need to take the Licensed Residential Examination. To become a certified residential appraiser, you’ll need to take the Certified Residential Examination. And to become a certified general appraiser (also known as a commercial appraiser), you’ll be required to take the Certified General Examination.
What education requirements do I need to fulfill before taking the exam?
Before you can take the exam, you must meet the AQB’s qualifying education requirements for your specific license level. The requirements are summarized in the following table:
Real property appraiser qualification criteria
What’s on the exam?
The National Uniform Licensing and Certification Exam contains broad conceptual topic areas established by the AQB. The questions are designed to test your understanding of the subject, as well as your ability to problem solve situational and real-life appraisal scenarios.
What is the exam format?
Each certification exam is comprised of 125 questions….