LREAB

Qualifying Education

Credit toward the qualifying education requirement for appraiser trainee, licensed residential, certified residential and certified general appraiser licensing will only be granted for courses that consist of at least 15 instructional hours, including successful completion of a final examination.

Real Estate Appraiser Trainee
Seventy five (75) hours of AQB required Core Curriculum courses as listed below. To complete the 75 hours of pre-licensing education, applicants for Registered Trainee must complete the Louisiana Supervisor/Trainee class before registration will be granted.

Basic Appraisal Principles	30 hours
Basic Appraisal Procedures	30 hours
15-Hour National USPAP or Equivalent	15 hours
Total Hours Required	75 hours

Licensed Residential Real Property Appraiser
150 hours of AQB required Core Curriculum courses as listed below AND a High School Diploma.

Basic Appraisal Principles	30 hours
Basic Appraisal Procedures	30 hours
15-Hour National USPAP or Equivalent	15 hours
Residential Market Analysis and Highest and Best Use	15 hours
Residential Appraiser Site Valuation and Cost Approach	15 hours
Residential Sales Comparison and Income Approaches	30 hours
Residential Report Writing and Case Studies	15 hours

Total Hours Required	150 hours

Certified Residential Real Estate Appraiser
200 hours of AQB required Core Curriculum courses as listed below AND satisfy at least one of the following five options below:

III.B.1. Possession of a Bachelor's Degree in any field of study;
III.B.2. Posession of an Associate's Degree in a field of study related to Business Administration, Accounting, Finance, Economics, or Real Estate;
III.B.3. Successful completion of 30 semester hours of college-level courses that cover each of the following specific topic areas and hours: English Composition (3 hours); Microeconomics (3 hours); Macroeconomics (3 hours); Finance ( 3 hours); Algebra, Geometry, or higher mathematics (3 hours); Statistics (3 hours); Computer Science (3 hours); Business or Real Estate Law (3 hours); and two elective courses in any of the topics listed above or in accounting, geography, agricultural econmics, business management, or real estate (3 hours each).
III.B.4. Successful completion of at least 30 semester hours of College Level Examination Program (CLEP) examinations from each of the following subject matter areas: College Alegbra (3 hours); College Composition (6 hours); College Composition Modular ( 3 hours); College Mathematics (6 hours); Principles of Macroeconomics (3 hours); Principles of Microeconomics (3 hours); Introductory Business Law (3 hours); and Information Systems (3hours.
III.B.5. Any combination of III.B.3 and III.B.4 above that ensures coverage of all topics and hours identified in III.B.3.

As an alternative to the requirements in Section III.B. above, individuals who have held a Licensed Residential credential for a minimum of five years may qualify for a Certified Residential credential by satisfying all of the following:
1. No record of any adverse, final, and non-appealable disciplinary action affecting the Licensed Residential appraiser’s legal eligibility to engage in appraisal practice within the five (5) years immediately preceding the date of application for a Certified Residential credential;
2. Successful completion of the additional required qualifying education as specified in Section III.F. below;
3. Successful completion of the required experience as specified in Section IV below; and
4. Successful completion of the Certified Residential Real Property Appraiser examination as specified in Section II above.

The Certified Residential Real Property Appraiser classification requires completion of two hundred (200) creditable class hours as specified in the Required Core Curriculum. As part of the 200 required hours, the applicant shall successfully complete the 15-Hour National USPAP Course, or its AQB-approved equivalent, and the examination. There is no alternative to successful completion of the USPAP Course and examination.

Basic Appraisal Principles	30 hours
Basic Appraisal Procedures	30 hours
15-Hour National USPAP or Equivalent	15 hours
Residential Market Analysis and Highest and Best Use	15 hours
Residential Appraiser Site Valuation and Cost Approach	15 hours
Residential Sales Comparison and Income Approaches	30 hours
Residential Report Writing and Case Studies	15 hours
Statistics, Modeling and Finance	15 hours
Advances Residential Applications and Case Studies	15 hours
Appraisal Subject Matter Electives (may include hours over minimum shown above in other modules)	20 hours
Total Hours Required	200 hours

Certified General Real Estate Appraiser
300 hours of AQB required Core Curriculum courses as listed below AND a Bachelors Degree.

Basic Appraisal Principles	30 hours
Basic Appraisal Procedures	30 hours
15-Hour National USPAP or Equivalent	15 hours
General Appraiser Market Analysis and Highest and Best Use	30 hours
General Appraiser Site Valuation and Cost Approach	30 hours
General Appraiser Sales Comparison Approach	30 hours
General Appraiser Income Approach	60 hours
General Appraiser Report Writing and Case Studies	30 hours
Statistics, Modeling and Finance	15 hours
Appraisal Subject Matter Electives (may include hours over minimum shown above in other modules)	30 hours
Total Hours Required	300 hours

Approved Qualifying Education Providers and Courses

Louisiana Real Estate Appraisers Board
Address: 9071 Interline Avenue ~ Baton Rouge, LA 70809	Phone: (225) 925-1923 Toll Free (In Louisiana Only): 1-800-821-4529 Fax: 225-925-4501
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