Montana Appraisal License Requirements
The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Montana Board of Real Estate Appraisers. 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.
Montana Appraisal Licensure Levels:
- Trainee Appraiser
- Licensed Appraiser
- Certified Residential Appraiser
- Certified General Appraiser
Montana 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
- Find an approved mentor for the Trainee Appraiser level
- Satisfactory completion of the state examination
- Submit application, required documents, and associated fees
Montana Appraisal Education Requirements:
- 75 hours for the Trainee 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)
- 150 hours for the Licensed Appraiser which include the same hour requirement as the Trainee Appraiser level 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)
- 200 Hours for the Certified Residential Appraiser which consist of the same 150 hours of Licensed Residential Appraiser education AND: 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: Income Property Appraisal (60 hours), General Appraiser Report Writing and Case Studies (10 hours), General Appraiser Market Analysis and Highest and Best Use (15 hours)
Experience Requirements:
- Trainee Appraiser – No experience required
- State Licensed Appraiser – 2000 hours in no less than 18 months
- Certified Residential Appraiser – 2500 hours in no less than 24 months
- Certified General Appraiser – 3000 hours in no less than 30 months
Montana Appraisal Continuing Education Requirements:
- All appraiser licenses expire annually on March 31st
- Every other renewal, appraisers must complete 28 hours of continuing education courses
- 7 hours must cover the USPAP Update course