How to Become a Real Estate Appraiser in Hawaii

 

Hawaii is another state that does not license Appraiser Trainees. So, to become a real estate appraiser in Hawaii, you'll have to obtain the required education and experience and then apply as a State Licensed Appraiser.

 

Real estate appraisers inspect and take measurements of real property (land, homes, apartments, office buildings, etc.) in order to arrive at an accurate value of the property.

In any real estate transaction that needs a loan, a real estate appraisal will be required by the bank or lender. This includes purchase as well as refinancing transactions.

Consequently, there are many career opportunities for real estate appraisers in active real estate markets.

Real estate appraisers can be self-employed and work for themselves or they can work for mortgage firms, banks, lenders and government agencies.

 

Here's what you need to know to become a real estate appraiser in Hawaii:

1) Real Estate Appraiser Licensing Requirements in Hawaii

2) Real Estate Appraiser Job Duties

3) Income Potential

4) Hawaii Real Estate Appraisal Schools

 

How to Become a Real Estate Appraiser in Hawaii

1) Real Estate Appraiser Licensing Requirements in Hawaii

In Hawaii, real estate appraisers MUST be licensed by the Hawaii Department of Commerce and Consumer Affairs

To become an appraiser, you'll first have to find and work under a licensed or certified appraiser

After receiving 2000 hours of appraisal experience and completing 90 hours of approved education,  you may apply to become a State Licensed Appraiser.

You must also take and pass a state exam. There is a $25 application fee and a license fee of $245.

 

The levels of real estate appraiser licensing in Hawaii:

 

 License Levels Education Requirements Experience Requirements Exam Scope of Practice
 State-Licensed

Appraiser

A minimum of 90 hours of required appraisal  education , including 15 hours on USPAP. Minimum 2,000 hours of acceptable appraisal experience over at least 2 years. Must pass the AQB approved residential examination. May appraise non-complex 1-to-4 unit residential property up to a transaction value of $1 million, and commercial properties up to $250,000.
Certified  Appraiser A minimum of 135 hours of approved appraisal  education, with at least 15 hours on USPAP. Minimum 2,500 hours of acceptable appraisal experience over at least 2 years. Must pass the AQB approved certified residential examination. May appraise all 1-to-4 unit residential property.
Certified General  Appraiser A minimum of 180 hours of approved appraisal  education  and 15 hours on USPAP. Minimum 3,000 hours of acceptable appraisal experience, over at least 2.5  years. Must pass the AQB approved certified general examination. May appraise all types of real estate.



 

NOTE: Education, Experience, Testing, and Continuing Education are subject to change based upon criteria established by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation

 

 

2) Duties of Real Estate Appraisers

A real estate appraiser's job is to estimate the value of real property. Real property consists of land, buildings, and even natural resources such as water, oil, or minerals.

The estimate of value is known as an appraisal. A real estate appraisal is made when real property is bought, sold, assessed, taxed, condemned, insured, or mortgaged.

A real estate appraiser's job duties also include:

 

 

3) Income Potential in Hawaii

According to the Hawaii Workforce Informer, the 2003 median salary of Real Estate Appraisers in Washington was approximately $50,300/year.

Salaries ranged from under $37,000/year to over $64,000/year.

 

4) Real Estate Appraisal Schools in Hawaii

If you are interested in becoming a real estate appraiser in Hawaii, you will need to take classes that are approved by the Hawaii Department of Commerce and Consumer Affairs.

Please call the Board at (808) 586.3000  prior to signing up for classes.
 

Name of Provider

Real Estate Appraisal Schools for Hawaii

 

Acheson Appraisal Classes
(714) 935-1161

Appraisal Institute - Honolulu, HI
808.532.8960

Beckman Company
425.271.2402

Foundation of Real Estate Appraisers

714.935.1161

Hawaii CCIM Chapter - Honolulu, HI

808.528.2246

 

 

 

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