Real estate appraisers play an important role in the home buying and selling process. They are responsible for determining the fair market value of a property and providing an accurate assessment of its worth. Becoming a real estate appraiser in Washington State is a multi-step process. Here are the steps you need to take to become a real estate appraiser in the state.
Get an Education
The Washington State Department of Licensing (DOL) requires that all applicants for real estate appraiser licenses have at least a high school diploma or equivalent. Additionally, applicants must have completed 90 hours of approved real estate appraisal courses. These courses must be taken from an accredited institution and cover topics such as appraisal principles, appraisal procedures, real estate law, and appraisal report writing.
Get Your Appraisal Experience
The DOL requires that applicants have at least 2 years of experience in the field of real estate appraisal. During this time, applicants must have performed at least 100 appraisals and must have worked under the supervision of a certified real estate appraiser in the state of Washington.
Apply for Your License
Once you have fulfilled the education and experience requirements, you can apply for a real estate appraiser license with the DOL. To do this, you will need to fill out an application and submit it along with supporting documents, such as proof of education and experience, a copy of your resume, and a copy of your criminal background check. You will also need to pay the applicable fees.
Complete the Examination
Once your application is approved, you must pass the national Uniform Standards of Professional Appraisal Practice (USPAP) examination. This exam consists of a written and practical component and covers topics such as appraisal principles, valuation techniques, and appraisal report writing.
Renew Your License
Once you have passed the USPAP examination, you will be issued a real estate appraiser license. This license must be renewed every two years. To renew your license, you must complete at least 28 hours of continuing education courses. Additionally, you must submit a renewal form and pay the applicable fees.
The process of becoming a real estate appraiser in Washington State is lengthy, but it is well worth it in the end. By fulfilling the education and experience requirements, passing the USPAP examination, and renewing your license every two years, you can become a certified real estate appraiser in the state.