How to Become a Real Estate Appraiser in Louisiana

 

To become a real estate appraiser in Louisiana, you must first be licensed as a Real Estate Appraiser Trainee.

 

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 Louisiana:

1) Real Estate Appraiser Licensing Requirements in Louisiana

2) Real Estate Appraiser Job Duties

3) Income Potential

4) Louisiana Real Estate Appraisal Schools

 

How to Become a Real Estate Appraiser in Louisiana

 

1) Real Estate Appraiser Licensing Requirements in Louisiana

In Louisiana, real estate appraisers MUST be licensed by the Louisiana Real Estate Appraisers Board. 

 

To be a licensed Real Estate Appraiser Trainee, you must:

 

After receiving a minimum of 2500 hours of appraisal experience in no less than 2 years,  a Trainee may apply to become a Licensed Real Estate Appraiser. There is a $245 license fee.

There are 2 levels of real estate appraiser licensing in Louisiana:

 

 

 License Levels Education Requirements Experience Requirements Exam Scope of Practice
Certified Real Estate Appraiser A minimum of 120 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 Real Estate 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 3 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 Louisiana

According to the Louisiana Department of Labor, the 2004 average salary of Real Estate Appraisers in Maryland was approximately $43,298 per year.

Salaries were reported to range from under $20/hour to over $28/hour.

 

4) Real Estate Appraisal Schools in Louisiana

If you are interested in becoming a real estate appraiser in Louisiana, you will need to take classes that are approved by the Louisiana Real Estate Appraisers Board.

School status can change so please call the Board at 225-765-0191 prior to signing up for classes.

  

BURK BAKER SCHOOL OF REAL ESTATE AND APPRAISING

2834 South Sherwood Forest Blvd., Suite B-9

Baton Rouge, LA  70816

(800) 222-3295 or (225) 293-6000    

 

BAKER’S PROFESSIONAL REAL ESTATE COLLEGE

1612 Fairfield Avenue

Shreveport, LA  71101

(318) 222-7459

 

BOSSIER PARISH COMMUNITY COLLEGE

2719 Airline Drive

Bossier City, LA  71111

(318) 746-6120

 

DELGADO COLLEGE

501 City Park Avenue

New Orleans, LA  70119-4399

(504) 388-4083

  

DONALDSON REAL ESTATE SCHOOL, INC.

2540 Severn Avenue, Suite 103

Metairie, LA  70002

(800) 257-2741 or (504) 456-1785 

 

EXECUTIVE TRAINING CENTERS, LLC
4200 South I-10 Service Road West, Suite 134
Metairie, LA  70001
(800) 966-9866 or (504) 454-9866   
 

LOYOLA UNIVERSITY

6363 St. Charles Avenue

New Orleans, LA  70118

(504) 865-2011 

 

LOUISIANA STATE UNIVERSITY

College of Business Administration

Baton Rouge, LA  70803

(225) 578-3211

  

LOUISIANA STATE UNIVERSITY –Shreveport

Department of Economics and Finance

One university Place

Shreveport, LA  71115-2399

(318) 797-5241

  

LOUISIANA TECH UNIVERSITY

College of Administration and Business

Department of Economics and Finance

Ruston, LA  71271

(318) 257-4149

  

NICHOLLS STATE UNIVERSITY

Department of Economics and Finance

P. O. Box 2015

Thibodaux, LA  70310

(985) 448-4232

  

NORTHEAST LOUISIANA UNIVERSITY

College of Business Administration

Department of Economics and Finance

Monroe, LA  70129

(318) 342-1150

  

NORTHWESTERN STATE UNIVERSITY

College of Business and Applied Sciences

Division of Business

Natchitoches, LA  71497

  

SOUTHERN UNIVERSITY (New Orleans)

6400 Press Drive

New Orleans, LA  70126

(504) 286-5000

  

TULANE UNIVERSITY

6823 St. Charles Avenue

New Orleans, LA  70118

(504) 865-5555

  

UNIVERSITY OF LOUISIANA – LAFAYETTE

College of Business Administration

ULL Box 40200

Lafayette, LA  70504

(337) 472-6662

  

UNIVERSITY OF NEW ORLEANS

Department of Economics and Finance

Lakefront Campus

New Orleans, LA

(504) 280-6485

  

UPTOWN PROFESSIONAL REAL ESTATE SCHOOL

4640 South Carrollton Avenue Suite 2B-204

New Orleans, LA  70119

(504) 482-0109

 

W. ROSS SHUFFIELD

2133 Silverside Drive, Suite L

Baton Rouge LA  70808

(225) 769-8284

 

 

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