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Iowa Appraisal License Requirements
The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Iowa Division of Banking Real Estate Appraiser Board. The information provided below can be found on the Board’s website. However, we recommend you contact the Board for more detailed information and for any changes which may have occurred.
Iowa Appraisal Licensure Levels:
Certified Residential Appraiser
Certified General Appraiser
Iowa Appraisal Licensure Requirements:
Must be at least 18 years of age
Must have a high school diploma or its equivalent
Must meet the educational requirement for the applying level of licensure
Must meet the experience requirement for the applying level of licensure
For Certified Residential level: A minimum of an Associate’s Degree OR 21 college semester hours in specific subject matters is also required.
For Certified General level: A minimum of a Bachelor’s Degree OR 30 college semester hours in specific subject matters is also required.
Satisfactory completion of the state examination (no exam requirement for the Associate Appraiser)
Submit application, required documents, and associated fees.
Iowa Appraisal Education Requirements:
75 hours for the Associate Appraiser which consist of the following courses: Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30 hours), 15 Hour National USPAP Course or its equivalent (15 hours)
200 Hours for the Certified Residential Appraiser which consist of the same 90 hours of Associate Appraiser education AND: Residential Market Analysis and Highest and Best Use (15 hours), Residential Appraiser Site Valuation and Cost Approach (15 hours), Residential Report Writing and Case Studies (15 Hours), Residential Sales Comparison and Income Approach (30 hours) Statistics, Modeling and Finance (15 hours), Advanced Residential Application and Case Studies (15 hours), Appraisal Subject Matter Electives (20 hours)
300 hours for the Certified General Appraiser which includes the same 200 hours for the Certified Residential Appraiser education AND: General Appraiser Sales Comparison and Income Approach (15 hours), General Appraiser Site Valuation and Cost Approach (15 hours), General Appraiser Income Approach (45 hours), General Appraiser Report Writing and Case Studies (10 hours), General Appraiser Market Analysis and Highest and Best Use (15 hours)
Associate Appraiser – No experience requirement
Certified Residential Appraiser – 2500 hours in no less than 30 months
Certified General Appraiser – 3000 hours in no less than 30 months with at least 1500 hours of experience in non-residential appraisals
Iowa Appraisal Continuing Education Requirements:
Appraisers are required to complete 28 hours of continuing education each renewal cycle
Licensees renew every two years by July 30th
7-hour USPAP Update course or its equivalent must be taken every other year