How to Become a Real Estate Appraiser in New Hampshire

 

To get started as a real estate appraiser in New Hampshire, you must first apply for an Appraiser Apprenticeship.

 

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 New York:

1) Real Estate Appraiser Licensing Requirements in New Hampshire

2) Real Estate Appraiser Job Duties

3) Income Potential

4) New Hampshire Real Estate Appraisal Schools

 

How to Become a Real Estate Appraiser in New Hampshire

 

1) Real Estate Appraiser Licensing Requirements in New Hampshire

In New Hampshire, real estate appraisers MUST be licensed by the New Hampshire Real Estate Appraiser Board. 

 

To apply to be an Appraiser Assistant, you must:

 

 

The 3 levels of real estate appraiser licensing in New Hampshire are:

 

 License Levels Education Requirements Experience Requirements Exam Scope of Practice
 Licensed

Residential Real Estate Appraiser

A minimum of 90 hours of required appraisal  education , with 30 hours in residential and 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 Residential

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 30 months. 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 New Hampshire

According to the January 2005 New Hampshire Economic and Labor Market Information, the average salary of Real Estate Appraisers in New Hampshire is approximately $29.94/hour.

Salaries range from under $16.38/hour for entry-levels to over $36/hour for those with experience.

 

4) Real Estate Appraisal Schools in New Hampshire

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

School status may change so please call them at 603.271.6186 prior to signing up for classes.

 

Real Estate Appraisal Schools in New Hampshire:
   

Appraisal Institute

603.783.0030

 

Brooks Real Estate Services

603.537.1144

 

NH Community Technical College

603.668.6706x222

 

 

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