On September 14, 2015 revised standards were issued by the Federal Housing Administration (FHA) concerning single family appraisals subject to Housing and Urban Development (HUD) regulations. See generally, FHA Single Family Housing Policy Handbook, or Handbook 4000.1 (the “Handbook”) (Last Revised: 12/30/2016 - available at http://portal.hud.gov/hudportal/documents/huddoc?id=40001HSGH.pdf). The Handbook requires, among other things, that appraisers operate all conveyed appliances and observe their performance, ensure that electrical receptacles are working and analyze and report all repairs necessary for the subject property to meet HUD’s minimum property requirements (MPR) for existing properties or minimum property standards (MPS) for new construction.
It has come to the attention of the Department of State (DOS) that licensed and certified appraisers within the State of New York are concerned that compliance with the updated HUD regulations would violate state law regarding licensure of home inspection professionals. Insomuch as DOS regulates and has jurisdiction over both appraisal and home inspection professionals, we have reviewed the laws applicable to both practices and do not believe that licensed and certified appraisers violate the standards set forth for home inspectors by complying with the HUD regulations while performing an FHA appraisal. Appraisers should be aware of these requirements before accepting any FHA appraisal assignment, and should not accept any assignment that is beyond the appraiser’s ability to perform.
|State Licensed Real Estate Appraiser||$355*||2 years|
|State Certified Residential Real Estate Appraiser||$355*||2 years|
|State Certified General Real Estate Appraiser||$355*||2 years|
|State Licensed Real Estate Appraiser Assistant||$250*||2 years|
What are the educational requirements?
Courses are listed in the Real Estate Appraiser Law book, 19 NYCRR Part 1103. It is recommended that residential courses be taken sequentially.
What are the continuing education requirements?
All real estate appraisers and assistants are required to successfully complete 28 hours of approved appraiser continuing education courses, which must include the seven-hour National USPAP update course, within their two-year license/certification period prior to renewal. Please note that you must complete an additional 14 hours of approved continuing education for each year that has lapsed if you renew 185 days after the expiration date of your license.
State Licensed Real Estate Appraiser 2,000 hours of experience over a period of not less than 24 months is required.
State Certified Residential Appraiser
2,500 hours of experience over a period of not less than 24 months is required.
State Certified General Appraiser
3,000 hours of experience over a period of not less than 30 months is required.
Note: Experience must be obtained within the five-year period prior to submission of your application. To assure consistency and fairness in evaluating appraisal experience, the Department of State will use an "hourly system" that will serve as a guideline. The hourly system takes into consideration the number and type of appraisals performed and hours worked (including travel).
Do I have to provide experience documentation at the time of application?
No. However, applicants may be asked to verify claimed experience following initial licensure/certification. Therefore, you must have documentation in your possession to support all "claimed experience."
Experience credit will only be granted for hours actually worked on an appraisal assignment provided that no applicant shall be permitted to claim experience hours in excess of the maximum hours per assignment as provided for by Section 1102.3 of 19NYCRR.
Note: Review Appraisals may be used for qualifying experience credit only up to a maximum of 25% of the required hours.
Class Required Experience Maximum Credit Allowed for Appraisal Review State Licensed Real Estate Appraiser 2,000 hours 500 hours State Certified Residential Appraiser 2,500 hours 625 hours State Certified General Appraiser 3,000 hours 750 hours
Mass Appraisal Experience:
In accordance with 19 NYCRR 1102.7 in the Real Estate Appraisal Law Book, applicants for licensure/certification may receive credit for mass appraisal experience. Please refer to and complete Attachment E of the application.
- Market value estimates as a real estate licensee in connection with the listing and/or sale of real estate (i.e., "comparative market analysis") are unacceptable.
- Business appraisals are unacceptable. (Credit will be given for appraisals of individual parcels of commercial real estate.)
- Personal property appraisals are unacceptable.
- Feasibility or market analysis is unacceptable, except to the extent that the "market value" of a proposed real estate project is being estimated
State Licensed Real Estate Appraiser Assistant applicants must do the following:
- File an appraiser application with the $250 fee,
- Meet the minimum education requirements of a State Licensed Real Estate Appraiser,
- Be supervised in the conduct of their services by a New York State certified appraiser, who is approved by the Department of State as a Supervisory Appraiser. The Supervisory Appraiser must cosign the appraisal reports, and
- Utilize the same Uniform Standards of Professional Appraisal Practice as a state licensed or certified appraiser.
Upon satisfaction of the application requirements of the Department of State, the Department will issue a renewable 2-year State Licensed Real Estate Appraiser Assistant license.
Should an appraiser assistant acquire experience for licensed or certified appraiser, his or her application must comply with whatever examination and education requirements exist for that category at that time.
Yes, with the exception of Appraiser Assistants. An applicant may be certified/licensed in New York State without examination and further qualification if the applicant provides proof and is certified/licensed in another state or territory:
- Whose licensing program is in compliance with the provisions of Title XI of The Financial Institutions Reform, Recovery and Enforcement Act of 1989.
- Whose examination has been approved by the Appraiser Qualification Board of the Appraisal Foundation.
- Who has licensing and certification qualification requirements that meet or exceed those of New York State.
Reciprocity applicants must submit the following:
- A completed appraiser application (p. 5 and 6) with $330 (application and federal registration fee)
The term for a reciprocal license/certification is 2 years.
On occasion, a nonresident appraiser may wish to conduct business of a temporary nature in New York State. The applicant may be issued a temporary license/certificate to perform appraisals in New York State if the applicant is certified/licensed in another state or territory:
- whose program has been officially endorsed by the Federal Appraisal Subcommittee.
- whose examination has been approved by the Appraiser Qualification Board of the Appraisal Foundation.
Nonresident temporary applicants must submit the following:
- A completed appraiser application (p. 5 and 6) with $125 application fee
NOTE: Applicants May Not Maintain an Office that Provides Appraisal Services to Clients in New York State.
The term is for one year and cannot be renewed.
I am a licensed real estate appraiser. Am I required to identify my license status on an appraisal report or contract?
Real property appraisal activities, including the appraisal report and contract for services, must include the title, "State Certified Residential Real Estate Appraiser," "State Certified General Real Estate Appraiser," or "State Licensed Real Estate Appraiser," as appropriate. Additionally, the certification or license number of the appraiser must be set forth adjacent to or immediately below such title. (Section 160-r of the Executive Law)
How do I renew my real estate appraiser license/certification?
The renewal application is posted to the appraiser approximately three months prior to the expiration of his or her license/certification (with the exception of nonresident temporary licensed appraisers). The application must be completed and submitted with the appropriate fee to the Department of State. Instructions for proper submission are included with the renewal application. To avoid an additional $200 penalty fee, the renewal must be received by this office no later than 30 days after the expiration date of your current license/certification.
Additionally, all real estate appraisers and assistants are required to successfully complete 28 hours of approved appraiser continuing education courses which must include the seven-hour national USPAP upddate course, within their two-year license/certification period prior to renewal.
What if it has been more than two years since my last license/certification expired?
If it has been more than two years since the expiration of the applicant's last license, the applicant must file a new application, meet the current qualifying education requirements, meet the current experience requirements, and pass the appropriate appraiser examination.
Note: Qualifying experience can never be more than 5 years old. See 19 NYCRR §1102.1.
* Experience credit will only be granted for hours actually worked on an appraisal assignment provided that no applicant shall be permitted to claim experience hours in excess of the maximum hours per assignment as provided by Section 1102.3 of 19 NYCRR.