The information contained below is designed to provide a summary of the minimum education, experience and examination requirements established by the Arkansas Appraiser Licensing and Certification Board (ALCB).

The information can be found in the ALCB Statutes and Amendments and Revised Rules and Regulations. However, we recommend that you contact the Appraisal Board for more detailed information.

Levels of Licensure:

• State Registered Appraiser
• State Licensed Appraiser
• State Certified Residential Appraiser
• State Certified General Appraiser

Licensure Requirements:

• Must be at least 18 year of age
• Must have a good reputation for honesty, truthfulness, and fair dealing, and be competent to transact business
• Complete the education requirements for the applicant's level of licensure
• Complete the experience requirements for the applicant's level of licensure
• For Certified Residential level: Provide proof of satisfactory completion of either a 2 year associates degree or higher, OR a total of 21 semester hours consisting of: English Composition; Principles of Economics, (either Macro or Micro); Finance; Algebra; Geometry or higher mathematics; Statistics; Computer Science; and either Business Law or Real Estate Law
• For Certified General level: Provide proof of satisfactory completion of either a 4 year bachelors degree or higher, OR a total of 30 semester hours consisting of: English Composition; Micro Economics, Macro Economics; Finance; Algebra; Geometry or higher mathematics; Statistics; Computer Science; and either Business Law or Real Estate Law.  Also must include any 2 or the following courses: Accounting; Geography; Agricultural Economics; Business Management. Or Real Estate
• Pass the state examination
• Submit the application, all required documentation and associated fees

Education Requirements:

On February 20, 2004, the Appraiser Qualifications Board of The Appraisal Foundation adopted changes to the Real Property Appraiser Qualification Criteria that went into effect on January 1, 2008. These changes represent the minimum national requirements that each state must implement for individuals applying for a real estate appraiser license or certification as of January 1, 2008. The Real Property Appraiser Qualification Criteria and Interpretations of the Criteria provides in depth information on the new criteria and may be accessed by clicking the hyperlink or is available on The Appraisal Foundation website. The educational hour requirements for AR are:

• State Registered Appraisers must take the 15 hour USPAP course or its equivalent
• State Licensed Appraisers must take 150 hours of education which consist of the following courses:
  • Basic Appraisal Principles (30 hours)
  • Basic Appraisal Procedures (30 hours)
  • The 15 Hour National USPAP course or its equivalent (15 hours)
  • Residential Report Writing and Case Studies (15 hours)
  • Residential Market Analysis and Highest & Best Use (15 hours)
  • Residential Appraiser Site Valuation & Cost Approach (15 hours)
  • Residential Sales Comparison & Income Approach (30 hours)
• 200 hours for the State Certified Residential Appraiser
• 300 hours for State Certified General Appraiser

Experience:

• State Registered Appraiser - no work experience requirement
• Licensed Residential Appraiser - 2000 hours in at least 12 months
• Certified Residential Real Property Appraiser - 2500 hours in not less than 24 months
• Certified General Real Property Appraiser - 3000 hours in not less than 30 months with at least 1500 hours of experience in non-residential appraisals

Continuing Education:

• State Registered Appraiser licenses expire annually on December 31
• All state registered appraisers must complete the 15 hour USPAP or its equivalent prior to their first annual renewal
• In subsequent years, the State Registered Appraisers must complete 14 hours per year of continuing education and must complete the 7 hour National USPAP update course or its equivalent within the two year cycle
• All other licensees expire annually on June 30
• All licensees must complete 28 hours of continuing education during a two year period in an even numbered year
• Of the 28 hours, 7 must cover the National USPAP Update course or its equivalent