How to Become a Real Estate Appraiser in Washington
The Washington State Department of Licensing does not provide an official Trainee Classification. So, to become a real estate appraiser in Washington, you'll have to obtain the required education and experience and then apply as a State-licensed Real Estate 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 Washington:
1) Real Estate Appraiser Licensing Requirements in Washington
2) Real Estate Appraiser Job Duties
3) Income Potential
4) Washington Real Estate Appraisal Schools
How to Become a Real Estate Appraiser in Washington
1) Real Estate Appraiser Licensing Requirements in Washington
In Washington, real estate appraisers MUST be licensed by the Washington Department of Licensing.
After receiving 2000 hours of appraisal experience and completing 90 hours of approved education, you may apply to become a State Licensed Real Estate Appraiser.
You will have to obtain approval to take the state exam and pass it before the license will be issued.
There is a $246 fee.
The levels of real estate appraiser licensing in Washington:
- State-Licensed Real Estate Appraiser
- State-Certified Residential Real Estate Appraiser
- State-Certified General Real Estate Appraiser
| License Levels | Education Requirements | Experience Requirements | Exam | Scope of Practice |
|
State-Licensed
Real Estate 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. |
| State-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. |
| State-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 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:
- obtaining land values from county sources and sales information about nearby properties to help establish property value
- examining the income records and operating costs of income properties
- estimating building replacement costs using building valuation manuals and professional cost estimators.
- examining the type and location of nearby services such as shopping centers, schools, parks, and other neighborhood features in order to evaluate their impact on property values.
- verifying legal descriptions of property with county records, measuring the property and comparing the measurements with the legal descriptions.
- photographing interiors and exteriors of properties to help estimate property value, substantiate findings and complete appraisal reports
- preparing written reports that estimate the property value, outline methods used in estimations and meet appraisal standards
3) Income Potential in Washington
According to the Washington State Employment Security Department, the 2003 median salary of Real Estate Appraisers in Washington was approximately $48,700/year.
Salaries ranged from under $32,000/year to over $80,000/year.
4) Real Estate Appraisal Schools in Washington
If you are interested in becoming a real estate appraiser in Washington, you will need to take classes that are approved by the Washington State Department of Licensing.
Please call the Board at (360) 664-6504 prior to signing up for
classes.
Name of Provider
Real Estate Appraisal Schools for Washington
Acheson Appraisal Classes
(714) 935-1161
Adriatic Inc.
(253) 884-5082
Allied Business Schools, Inc.
1-800-542-5543
American College Of Appraisal
(503) 968-9737
American Home Appraisals
(206) 236-3037
American Society Of Appraisers
(703) 478-2228
Appraiser's Coalition Of Washington (ACOW)
(206) 622-8425
Appraisal Institute
(312) 335-4217
Appraisal Institute (Columbia Basin)
(509) 527-3556
Appraisal Institute (Inland NW)
(509) 489-2208
Appraisal Institute (Oregon)
(503) 316-1979
Appraisal Institute (Seattle Chapter)
(206) 622-8425
Appraisal Institute (Southern Idaho)
(208) 345-1175
Appraisal Institute (W Puget Sound)
(360) 377-0123
ASFMRA
(303) 758-3513
Association Management Alliance Inc.
(303) 758-3513 Ext 22
Beckman Company
(206) 271-2402
Bob Keith Appraisal Seminars
(503) 949-7727
Building Industry Assn of WA
(360) 352-7800
Career WebSchool (formerly Computaught, Inc.)
(770) 218-9000
Dearborn Financial Publishing
(312) 836-4400
Dynasty School
1-800-888-8827
First American Real Estate Solutions
(formerly Transamerica Intellitech)
(360) 458-9789
Future Value LLC
(303) 758-3513 x22
Homefocus Valuation Services
(704) 387-3954
IAAO
(312) 819-6133
Institute For Real Estate and Appraisal Studies (formerly
Chicopee Group)
1-800-886-6566
IRWA (International Right of Way Assn)
(310) 538-0233
JVI
(407) 774-3344
Kitsap Conservation District
(360) 337-7171
Law Seminars International
(formerly CLE)
1-800-854-8009
Lincoln Graduate Center
1-800-531-5333
Mckissock Data Systems
(800) 328-2008
Mykut R E School/Appraisal School Of WA
1-800-605-6645 / (425) 775-6645
NAIFA
(314) 781-6688
NEFSI
(888) 549-6531
Northwest Property Consultants
(206) 383-6978
Northwest Property Tax Conference
(503) 244-4294
Northwest Territories Appraisal Education
(208) 664-2939
PGP Seminars
(503) 226-0983
PGP Valuation Inc.
(206) 343-7477
Pohll & Associates
(541) 342-7752
Real Estate Communication Resource
(303) 758-3513x22
Real Estate School Of Washington/Oregon
Fife WA (253) 926-0921
Portland OR (503) 297-1344/1-800-452-4879
Spokane WA (509) 325-2587/1-800-272-8802
Vancouver WA (360) 693-9123/1-800-863-2114
Real Estate Qualification Inspectors Inc.
(877) 922-8727
Rockwell Institute
(206) 747-7272
School Of Real Estate Appraisers
(509) 924-3885
Spokane Association Of Realtors
(509) 326-9222
Spokane/Kootenai R E Research Committee
(509) 747-0999
Still Training, Inc.
1-800-648-8475
The Academy
(253) 284-9300
The Appraisal Academy
(309) 681-8100
The Seminar Group
(206) 463-4400
US Dept of HUD, Santa Ana Homeownership Center
1-888-827-5604x3450
Van Education Center
1-800-455-8348
Washington Association Of Realtors
(360) 943-3100
Washington Mortgage Lenders
(360) 943-9205
Washington MUTUAL
(206) 461-4722
Washington Real Estate Academy
(206) 366-6762
Washington State Bar Association
(206) 727-8202
William King & Associates
(253) 925-5017
World Savings
(210) 543-4256
WSU Extension
(360) 679-7391 (Island County)
(360) 379-5610 (Jefferson County)
(360) 786-5445 EXT. 7911 (Lacey)
(360) 379-5610 EXT. 204 (Port Hadlock)
WSU Learning Center
(360) 416-7605
Back to Washington Real Estate Agent