{"id":730,"date":"2024-09-26T16:35:18","date_gmt":"2024-09-26T16:35:18","guid":{"rendered":"https:\/\/ucaptraining.org\/?page_id=730"},"modified":"2025-02-25T23:43:42","modified_gmt":"2025-02-25T23:43:42","slug":"how-to-become-an-appraiser","status":"publish","type":"page","link":"https:\/\/ucaptraining.org\/?page_id=730","title":{"rendered":"How to Become an Appraiser"},"content":{"rendered":"\t\t
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How to Become an Appraiser<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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How to Become an Appraiser<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Real estate appraising can be a rewarding career that has started to attract more people, however with the number of appraisers retiring, this job has never been in more demand in Kentucky. The average age of an appraiser is 58. In time it is possible to make six figures per year while being their own boss?\u00a0

Getting that real estate appraiser license is not really an easy feat and you will be met with many uphill battles along this journey. It takes 2,000 hours of experience to become a licensed appraiser. In some other states, potential appraisers spend a minimum of between 18 and 24 months to obtain these hours,\u00a0 depending on the state.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Some of the question you may want to ask yourself is;

\u00a0 \u00a0 *\u00a0 What type of appraiser do I want to be Residential or Commercial?
\u00a0 \u00a0 *\u00a0 How much do you already know about real estate?\u00a0

If you can answer these questions, you’re on your way.

In Kentucky there are three License Levels:

\u00a0 \u00a0 * License Residential

\u00a0 \u00a0 * Certified Residential\u00a0

\u00a0 \u00a0 * Certified General\u00a0

\u00a0Here are a few basics that you will need;

\u00a0 \u00a0 * Find a mentor
\u00a0 \u00a0
\u00a0 \u00a0 * Register with the Kentucky Appraisers Board

\u00a0 \u00a0 * Complete your required real estate appraisal educational courses\u00a0

\u00a0 \u00a0 * Fulfill your experience hours under a certified appraiser

\u00a0 \u00a0 * PASS THE REAL ESTATE APPRAISAL EXAM

In Kentucky, however, appraisers can gather them in just 12 months! As a result, they can spend extra time in getting their license. However, there may be quite a large number of people who may not know how to become a licensed real estate appraiser in\u00a0 Kentucky. There are some specific requirements that you would need to fulfill, much of this depending on what type of real estate you plan to get into.

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How to Become a Real Estate Appraiser Trainee in Kentucky
\u00a0
Before you obtain any other license level in this career, you have to get your trainee license. This is the first step that you\u2019ll need to take to become a licensed appraiser in Kentucky. These will include a variety of educational and basic requirements, although these shouldn\u2019t be as difficult as you have in mind.

Qualifying Education (90 hours):<\/p>

\u200b<\/p>

  • USPAP \u2013 15 Hours<\/li>
  • Basic Appraisal Principles \u2013 30 hours<\/li>
  • Basic Appraisal Procedures \u2013 30 hours.<\/li>
  • Experience: None! This is your starting line.<\/li>
  • College Education: No college needed. I met appraisal trainees in high school.<\/li><\/ul>

    \u00a0<\/p>

    Alongside this, you\u2019ll need to provide proof of your lawful residence in the United States alongside a copy of your criminal history. Typically, you will also need to pay a $125 fee. Apart from them, you shouldn\u2019t need anything else to become a licensed trainee appraiser in Kentucky.<\/p>

    \u200b<\/p>

    How to Become a Licensed Real Estate Appraiser in Kentucky<\/p>

    \u200b<\/p>

    If you are not going to get a Residential or Commercial license, don\u2019t bother getting this one. You still need to get your trainee license first before you obtain this useless license. Therefore, you need to follow the steps mentioned above before moving on. But again, for the purpose of educating the public, here are the classes that you need to obtain this level of license.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Qualifying Education (150 hours)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    • USPAP \u2013 15 Hours<\/li>
    • Basic Appraisal Principles \u2013 30 hours<\/li>
    • Basic Appraisal Procedures \u2013 30 hours<\/li>
    • Residential Market Analysis & Highest and Best Use \u2013 15 hours<\/li>
    • Residential Appraiser Site Valuation and Cost Approach \u2013 15 hours<\/li>
    • Residential Sales Comparison and Income Approaches \u2013 30 hours<\/li>
    • Residential Report Writing and Case Studies \u2013 15 hours<\/li><\/ul>

      Experience:\u00a02,000 hours of acceptable appraisal experience. The fastest this can be done is one year (although most people take longer).<\/p>

      \u200bCollege Education:\u00a0This is the only license level that does not need any sort of college education or college classes.<\/p>

      \u200bAfter you\u2019ve completed the requirements stated above, you would need to contact the\u00a0 Kentucky Real Estate Appraisers Board and set up a time to pass your appraisal exam. There is normally a fee of around $125 to take this test.<\/p>

      \u200b<\/p>

      \u200bHow to be a Residential Real Estate Appraiser in Kentucky<\/p>

      \u200bThis is the license level that you would want to get if your goal is to be a residential real estate appraiser in Kentucky. The difference between a licensed real estate appraiser and a residential one is massive. With this license level, you can appraise almost any residential property in the USA and your income will be significantly higher too. To get this license, you\u2019ll need all of the same things mentioned above, plus an extra 500 hours of experience. You\u2019ll also need at least a Bachelor\u2019s degree or higher. You should also be able to pass a state exam and pay a $125 fee. If you do not have a degree, the number of approved course hours required in getting this license will increase significantly.<\/p>

      \u00a0How to be a Residential Real Estate Appraiser in Kentucky<\/p>

      This is the license level that you would want to get if your goal is to be a residential real estate appraiser in Kentucky. The difference between a licensed real estate appraiser and a residential one is massive. With this license level, you can appraise almost any residential property in the USA and your income will be significantly higher too. To get this license, you\u2019ll need all of the same things mentioned above, plus an extra 500 hours of experience. You\u2019ll also need at least a Bachelor\u2019s degree or higher. You should also be able to pass a state exam and pay a $125 fee. If you do not have a degree, the number of approved course hours required in getting this license will increase significantly.<\/p>

      Qualifying Education (200 hours)<\/p>

      \u200b<\/p>

      USPAP \u2013 15 hours<\/p>

      • 15-hour Nat\u2019l USPAP or Equivalent<\/li>
      • Basic Appraisal Principles \u2013 30 hours<\/li>
      • Basic Appraisal Procedures \u2013 30 hours<\/li>
      • Residential Market Analysis & Highest and Best Use \u2013 15 hours<\/li>
      • Residential Appraiser Site Valuation and Cost Approach \u2013 15 hours<\/li>
      • Residential Sales Comparison and Income Approaches \u2013 30 hours<\/li>
      • Residential Report Writing and Case Studies \u2013 15 hours<\/li>
      • Statistics, Modeling, and Finance \u2013 15 hours<\/li>
      • Advanced Residential Applications and Case Studies \u2013 15 hours<\/li>
      • Appraisal Electives \u2013 20 hours.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        Experience: 2,500 hours of acceptable appraisal experience. This can not be completed quicker than two years.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        College Education:\u00a0You have a few options here.<\/p>

        Easiest route:\u00a0CLEP exams equivalent to the 30 college hours needed.<\/p>

        Hardest route:\u00a0Bachelor\u2019s Degree (does not matter the major)<\/p>

        Most popular route:\u00a0Associate\u2019s Degree in something like economics, real estate, or business.<\/p>

        Most people don\u2019t know this, but if you obtain your licensed residential appraisal license (the worthless one) and keep it in good standing, you can upgrade to a certified residential after 5 years without doing anything in college or taking any exams.<\/p>


        How to be a Kentucky Certified General Appraiser (Commercial Real Estate)<\/p>


        It\u2019s no secret that\u00a0commercial real estate appraisers make a LOT of money.\u00a0A\u00a0 commercial appraiser can appraise anything. There are no limits. With this comes great responsibility and as you can imagine, it is much harder to achieve. The certified general license is for commercial real estate appraisers. There is no limit on this license and appraisers can appraise whatever they want! Though due to the lack of restrictions, as you can imagine, the requirements are much harder.<\/p>

        A commercial appraiser can appraise anything. There are no limits. With this comes great responsibility and as you can imagine, it is much harder to achieve. The Certified General license is for commercial real estate appraisers. There is no limit on this license and appraisers can appraise whatever they want! Though due to the lack of restrictions, as you can imagine, the requirements are much harder.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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        Qualifying Education (300 hours)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        • USPAP \u2013 15 hours<\/li>
        • Basic Appraisal Principles \u2013 30 hours<\/li>
        • Basic Appraisal Procedures \u2013 30 hours<\/li>
        • General Appraiser Market Analysis & Highest and Best Use \u2013 30 hours<\/li>
        • General Appraiser Site Valuation and Cost Approach \u2013 30 hours<\/li>
        • General Appraiser Sales Comparison Approach \u2013 30 hours<\/li>
        • General Appraiser Report Writing and Case Studies \u2013 30 hours<\/li>
        • Statistics, Modeling, and Finance \u2013 15 hours.<\/li>
        • General Appraiser Income Approach 1 & 2 \u2013 60 hours<\/li>
        • Appraisal Electives \u2013 30 hours<\/li><\/ul>

          \u00a0<\/p>

          Experience:\u00a03,000 hours of acceptable appraisal experience. You cannot finish these hours in less than 2.5 years. At least half of this experience must be commercial (non-residential).<\/p>

          \u200b<\/p>

          \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0College Education: Bachelor’s degree required<\/p>

          \u200b<\/p>

          How Much Do Real Estate Appraisers Make In Kentucky?<\/p>

          \u200b<\/p>

          This is perhaps one of the most common questions that many people have about the profession. There can be quite a large number of factors at play here, which means that there may not be a fixed answer. However, there are different income ranges that people should expect once they\u2019re fully licensed appraisers and understand how much appraisers make. Typically, you should expect to earn anywhere between $41,083 and $69,416 per year once you\u2019re licensed. There will be a variety of factors in KY that will affect this, including the city that you live in, and how long you\u2019ve been working in the niche. Alongside this, several other things will play a role in how much you could earn, including:<\/p>

          \u200b<\/p>

          • Experience<\/li>
          • Certificates<\/li>
          • Licenses<\/li>
          • Qualifications<\/li><\/ul>

            \u00a0<\/p>

            This could mean that it\u2019s recommended that you work on obtaining as many certificates and skills as possible. While you may not be able to get all of this at the start of your career, they will add up significantly over the following years. Coupled with your growing experience, this will naturally mean that you\u2019ll see your salary go up massively within a few years of starting. Much of this is similar to many other professions, so you\u2019ll need to spend a considerable amount of time making sure that you obtain as many certificates and qualifications related to the niche as possible.\u00a0 While you shouldn\u2019t expect to get rich quickly as a licensed real estate appraiser in\u00a0 Kentucky, it should prove to have quite a high income. With the ever-growing possibility of a larger salary in the future, this should mean that you\u2019ll start seeing a\u00a0 noticeable change in your income over time.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

            How to Become an Appraiser How to Become an Appraiser Real estate appraising can be a rewarding career that has started to attract more people, however with the number of appraisers retiring, this job has never been in more demand in Kentucky. The average age of an appraiser is 58. In time it is possible […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-730","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/ucaptraining.org\/index.php?rest_route=\/wp\/v2\/pages\/730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ucaptraining.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ucaptraining.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ucaptraining.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ucaptraining.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=730"}],"version-history":[{"count":19,"href":"https:\/\/ucaptraining.org\/index.php?rest_route=\/wp\/v2\/pages\/730\/revisions"}],"predecessor-version":[{"id":2550,"href":"https:\/\/ucaptraining.org\/index.php?rest_route=\/wp\/v2\/pages\/730\/revisions\/2550"}],"wp:attachment":[{"href":"https:\/\/ucaptraining.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}