How to Become a Real Estate Appraiser in Oregon

 

To get started as a real estate appraiser in Oregon, you must first satisfy all the requirements and apply to be a Registered Real Estate Appraiser Assistant.

 

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 Oregon:

1) Real Estate Appraiser Licensing Requirements in Oregon

2) Real Estate Appraiser Job Duties

3) Income Potential

4) Oregon Real Estate Appraisal Schools

 

How to Become a Real Estate Appraiser in Oregon

 

1) Real Estate Appraiser Licensing Requirements in Oregon

In Oregon, real estate appraisers MUST be licensed by the Oregon Appraiser Certification and Licensure Board. 

 

To be registered as an Appraiser Assistant, you must:

 

 

After receiving a minimum of 2000 hours of appraisal experience in no less than 2 years, you may apply to become a Licensed Residential Appraiser. There is a $75 application fee.

There are 3 levels of real estate appraiser licensing in Oregon:

 

 License Levels Education Requirements Experience Requirements Exam Scope of Practice
State Licensed  Appraiser A minimum of 105 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.
State Certified  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.
 State 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 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 Oregon

According to the Oregon Employment Department, the 2005 average annual salary of Real Estate Appraisers in Oregon is approximately $56,198/year.

 

 

4) Real Estate Appraisal Schools in Oregon

If you are interested in becoming a real estate appraiser in Oregon, you will need to take classes that are approved by the Oregon Appraiser Certification and Licensure Board

School status may change so please call them at 503.485.2555 prior to signing up for classes.

 

Real Estate Appraisal Schools in Oregon:
   

American College of Real Estate & Appraisal

6950 SW Hampton St, Suite 314

(503) 968-9737

 

Appraisal & Real Estate School of Oregon

200 W. Barnett Rd

(541) 772-2620

 

Clackamas Community College

19600 South Molalla Avenue

503-657-6958

 

Lane Community College

4000 East 30th

(541) 747-4501

 

Portland Community College

P.O. Box 19000

(503) 977-4393

 

Pro Schools Real Estate School of Oregon

10225 SW Parkway

(503) 297-1344

 

 

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