Appraiser

ALERT:  For Rules suspended due to COVID-19 Public Health Emergency under EO 20-06 and EO 20-16

The Department of Labor and Licensing, Arkansas Appraiser Licensing and Certification Board is suspending its rules regarding the following issues.

Both the seven-hour USPAP Update and 15-hour USPAP Course may be completed online until 09/30/2020.  The four-hour Supervisor/Trainee Course may be completed online until 09/30/2020.

Renewals for licensed or certified appraisers renewing on or before June 30, 2020, are allowed a ninety (90) day extension for the submission of continuing education only.

Continuing education offerings that were originally designed to be presented in a traditional classroom setting may be offered remotely via distance education until 09/30/2020, without the delivery mechanism approved subject to the following:

  • The educational offering under consideration is currently approved for traditional classroom presentation;
  • The platform utilized for distance education is live and interactive;
  • The instructor verifies photo identification of the students; and
  • The instructor maintains an attendance roster, which includes verifying 100% classroom attendance by, for example, taking attendance at various established times during the course.

 

How to upgrade my license

 

How to transfer a license from another state

 

Non-Resident/Temporary appraiser information, Newsletters, and Forms

 

Appraiser Statutes and Rules effective December 30, 2019

December 30, 2019 Rules

Arkansas Statutes

 

STATE LICENSED TO CERTIFIED RESIDENTIAL:

 

Required Education

Statistics, Modeling, and Finance 15 hrs
Advanced Residential Applications and Case Studies 15 hrs
Appraisal Subject Matter Electives (must be tested) 20 hrs
Total 50 hrs

 

A. Applicants for a Certified Residential credential must meet the Qualifying Education requirements outlined in Section V (C) of the AALCB Rules.  Please see pages 26 through 29 of the AALCB Rules posted on our website.

 

Required Experience

One thousand five hundred (1,500) hours of experience obtained during no fewer than twelve (12) months is required.  While the hours may be cumulative, the required number of months must accrue before an individual can be certified.

 

 

STATE LICENSED TO CERTIFIED GENERAL:


Required Education

General Appraiser Market Analysis & Highest and Best Use 15 hrs
Statistics, Modeling, and Finance 15 hrs
General Appraiser Sales Comparison Approach 15 hrs
General Appraiser Site Valuation & Cost Approach 15 hrs
General Appraiser Income Approach 45 hrs
General Appraiser Report Writing & Case Studies 15 hrs
Appraiser Subject Matter Electives (must be tested) 30 hrs
Total 150 hrs


A. Applicants for the Certified General license must hold a Bachelor’s Degree or higher from an accredited college or university.
 

Required Experience
Three thousand (3,000) hours of experience obtained during no fewer than eighteen (18) months is required, of which one thousand five hundred (1,500) hours must be in non-residential appraisal work.  While the hours may be cumulative, the required number of months must accrue before an individual can be certified.

 

 

CERTIFIED RESIDENTIAL TO CERTIFIED GENERAL:

 

Required Education

General Appraiser Market Analysis & Highest and Best Use 15 hrs
General Appraiser Sales Comparison Approach 15 hrs
General Appraiser Site Valuation & Cost Approach 15 hrs
General Appraiser Income Approach 45 hrs
General Appraiser Report Writing & Case Studies 10 hrs
Total 100 hrs

A. Applicants for the Certified General license must hold a Bachelor’s Degree or higher from an accredited college or university.

Required Experience

Three thousand (3,000) hours of experience obtained during no fewer than eighteen (18) months is required, of which one thousand five hundred (1,500) hours must be in non-residential appraisal work.  While the hours may be cumulative, the required number of months must accrue before an individual can be certified.

 

How to Apply/Renew Reciprocity or Temporary licenses:

Non-Resident initial application:  As of January 1, 2017, you must submit to a background check.  This will take time, so please plan accordingly.
How to apply (if any of these are missing upon receipt to the Arkansas Board will be returned):

  1. The application must be filled out and notarized prior to submitting to the Arkansas Appraisal Board.  Application
  2. The fee of $340 for non-resident status must accompany the application.


How to renew your non-resident (1 year) license:  Renewing a non-resident 1-year license does not require a background check.   Provided the applicant is within 1 year of their current expiration date.

  1. The application must be filled out and notarized prior to submitting for renewal to the Arkansas Appraisal Board.  Renewal Application
  2. The fee of $265 must accompany the application.
  3. You must have 14 hours of continuing education taken within the last year you have been licensed with Arkansas.

Temporary application: 

  1. The application must be filled out and notarized prior to submitting to the Arkansas Appraisal Board.   Temporary Application
  2. The fee of $150 for temporary status must accompany the application.

 

 

Please send all correspondence to 101 E. Capitol, Suite 430, Little Rock, AR 72201.

Arkansas no longer requires a letter of good standing for new or renewing non-resident or temporary appraisers.

 

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