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How do I get my
appraiser license?
Illinois offers
three ranks of appraiser licensure: Associate, Certified Residential and
Certified General Real Estate Appraiser. To obtain an appraisal license for
the state of Illinois, you must:
-
be
at least 21 years old
-
be a
high school graduate or equivalent (G.E.D.)
-
successfully complete the required classroom hours of state-approved
appraisal licensure curricular (75 hours for Associate Real Estate
Appraiser, 120 hours for Certified Residential Real Estate Appraiser,
180 hours for Certified General Real Estate Appraiser)
- pass
the state of Illinois exam
About the Associate Appraiser
To be
eligible for this license, candidates must complete 75 hours of
pre-license coursework from an approved Illinois appraisal provider as
follows: USPAP, 15 hours; basic real estate appraisal principles, 30
hours; basic appraisal procedures, 30 hours.
In addition to
proof of successful completion of the coursework (original sealed school
transcript), candidates must submit paperwork including the appraisal
application and non-resident consent form (if applicant has listed an
out-of-state address). These application materials can be found in the
Illinois Real Estate Appraisers Program Candidate Handbook
(pdf).
About the Certified Residential Appraiser
To be
eligible for this license, candidates must complete 120 hours of
pre-license coursework from an approved Illinois appraisal provider as
follows: USPAP, 15 hours; basic real estate appraisal principles, 30
hours; basic appraisal procedures, 30 hours; appraisal approaches, 30
hours; appraisal statistics, valuation cores, finance, USPAP update and
report writing, 15 hours.
In addition to
proof of successful completion of the coursework (original sealed school
transcript), candidates must submit paperwork including the appraisal
application, non-resident consent form (if applicant has listed an
out-of-state address), and the LOG-APP form (which documents evidence of
obtaining 2,500 hours of appraisal experience during no fewer than 24
months). These application materials can be found in the
Illinois Real Estate Appraisers Program Candidate Handbook.
About the Certified General
Appraiser
To be
eligible for this license, candidates must complete 180 hours of
pre-license coursework from an approved Illinois appraisal provider as
follows: USPAP, 15 hours; basic real estate appraisal principles, 30
hours; basic appraisal procedures, 30 hours; appraisal approaches, 30
hours; appraisal statistics, valuation cores, finance, USPAP update and
report writing, 15 hours; market analysis and highest and best use, 15
hours; appraisal income approach, 15 hours; report writing, 15 hours;
elective course, 15 hours.
In addition to
proof of successful completion of the coursework (original sealed school
transcript), candidates must submit paperwork including the appraisal
application, non-resident consent form (if applicant has listed an
out-of-state address), and the LOG-APP form (which documents evidence of
obtaining 3,000 hours of appraisal experience during no fewer than 30
months). These application materials can be found in the
Illinois Real Estate Appraisers Program Candidate Handbook
(pdf).
Where can I find of list of pre-license providers?
Visit the
Ill. Dept. of Financial and
Professional Regulation
for a complete list of licensed Illinois appraisal pre-license providers
and courses.
Which states does Illinois have reciprocity
for appraisal licenses?
Candidates
applying for licensure on the basis of reciprocity need only take the
Illinois State Supplemental examination. Documentation is required: the
certification from each state of licensure. Visit
Ill. Dept. of Financial and
Professional Regulation for
an updated list of states.
Taking the exam
As you
prepare for the Illinois Real Estate Appraiser examination, it is wise
to read Candidate Handbook to the Illinois Real Estate Appraisers
Program, a step-by-step guide published by AMP, Inc. the state of
Illinois’ authorized administrator for its real estate exams.
Download the guide (pdf) free-of-charge. You can also reach AMP
by calling 1-800-345-6559 or
info@goAMP.com.
The guide provides
detailed requirements for registering for the exam, how to schedule an
exam appointment as well as a detailed outline of the contents of the
text, sample exam questions, rules for the examination, as well as what
happens after the exam.
Proctored testing
is available at 12 AMP Assessment Center located throughout the state.
The exam is administered by appointment only Monday through Friday at 9
a.m. and 1:30 p.m. Saturday testing will also be available in the
Chicago area, Springfield and St. Louis. You will have 3˝ hours to complete
the exam.
What if I fail the exam?
There is
no limit to the number of times that you may take the examination. You
simply can reregister for the exam by calling AMP, 1-800-345-6559 or
www.goAMP.com.
Last step, obtaining your official real estate
appraiser license
After you
pass the Illinois Real Estate Appraiser exam you can apply for your real
estate appraisal license from the
Ill. Dept. of Financial and
Professional Regulation, 217/782-3414.
What about continuing education?
Real
estate appraisers are required by the state of Illinois to take 28 total
hours of continuing education for each renewal (equivalent of 14 hours
per year). At least 7 of those hours must be in a USPAP course. Contact
the
Ill. Dept. of Financial and
Professional Regulation for
details.
Do I have to renew my license every year?
Real
estate appraisal licensees are required to apply for a license renewal
every two years. Visit the
Ill. Dept. of Financial and
Professional Regulation for more information.
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