Introduction

Real estate appraisers play a crucial role in the real estate industry. They determine the value of properties, which is essential for buyers, sellers, and lenders. Becoming a real estate appraiser in Kentucky requires specific education, experience, and examination. In this article, we will discuss the process of becoming a real estate appraiser in Kentucky and how long it takes.

Requirements to become a real estate appraiser in Kentucky

Education

• 75 hours of qualifying education for the trainee level
• 150 hours of qualifying education for the licensed level
• 200 hours of qualifying education for the certified residential level
• 300 hours of qualifying education for the certified general level

Experience

• 2,000 hours of experience as a trainee appraiser for the licensed level
• 2,500 hours of experience for the certified residential level
• 3,000 hours of experience for the certified general level

Examination

After completing the required education and experience, you must pass the National Uniform Licensing and Certification Exam.

The time it takes to become a real estate appraiser in Kentucky varies depending on the level you want to achieve and your commitment to the process. Generally, it takes around 1-2 years to complete the education and experience requirements for the trainee level. It can take an additional 1-2 years to complete the requirements for the licensed level. Becoming a certified residential or certified general appraiser can take up to 5 years.

FAQs

What is the difference between a trainee, licensed, certified residential, and certified general appraiser?

A trainee appraiser is someone who is working towards becoming a licensed or certified appraiser. A licensed appraiser can appraise non-complex properties worth less than $1,000,000. A certified residential appraiser can appraise non-complex properties worth less than $1,000,000 and complex properties worth less than $250,000. A certified general appraiser can appraise any type of property.

What is the salary of a real estate appraiser in Kentucky?

The average salary of a real estate appraiser in Kentucky is $56,760 per year.

Can I become a real estate appraiser without a college degree?

Yes, you can become a real estate appraiser without a college degree. However, you must complete the required education and experience and pass the National Uniform Licensing and Certification Exam.