How to Become a Real Estate Appraiser in Mississippi?


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There are nearly 3 million people reside in Mississippi. The population has modest growth since 2000 and has a widely spread population density. Jackson is the only one city which resides more than 100,000 people, followed by two Hattiesburg and Gulfport, which have a population over 50,000.

As a real estate appraiser in Mississippi, your job is to provide an assessment of the properties’ market value for your clients. Your appraisal report could be used by a home buyer or seller, a mortgage lender who wants to understand the value of the collateralize assets, an individual who needs it for tax assessment or even lease negotiation.

Regardless of who is in needs of your appraisal services, your work products must remain objective, unbiased and professional.

To become a real estate appraiser in Mississippi, you would start off in working as a Intern, then work your way up toward other designations. There are four types of licenses in Mississippi, they are:

  1. Appraiser Intern
  2. Licensed Residential Appraiser
  3. Certified Residential Appraiser
  4. Certified General Appraiser

You must fulfill the qualifying appraisal education, work experience requirement and register with the Mississippi Appraisal Board. This is the regulatory body which governs the appraisal industry and issue licensing for appraisers.

Mississippi Real Estate Appraiser Licensing Requirement

How to Become an Appraiser Intern in Mississippi?

To begin your career in the appraisal field, your first step is to become an Appraiser Intern.

At this early stage, you will be trained and supervised by a certified appraiser. An experienced supervisor could guide you into the right direction in this career.

The supervising appraiser should provide you with hands-on appraisal techniques, effective ways to research on a property, and how to analyze the data.  Most importantly, how to determine an unbiased estimation of the property’s market value.

Your daily routine could include doing property research, working on appraisal reports, or inspecting real estate together with the supervisor.

To get out the most from this training phase,  it is recommended you to walk through each and every step in the appraisal process, observe carefully on how your supervisor inspect and evaluate real estate, and always raise your questions.

4 Steps to Become an Appraiser Intern in Mississippi

Step 1: Meet the Basic Requirement:

  • You must be at least 18 years old
  • Have a valid Social Security Number
  • No prior related experience is needed
  • No college-level education is required

Step 2: Complete the Pre-License Education

You need to complete the 75 hours of qualifying appraisal-related education and the Trainee/Supervisor course. 

Study tip: Whenever possible, I prefer to take online courses. You can study at your own pace at the convenient of your home, library, or wherever there is internet access. Here’s an article review of an online school that I like.

Step 3: Submit Application to the the Mississippi Appraisal Board  

Now you have completed the education prerequisites, your next step is to get registered. Here is the way to do it.

Step 4: Find a Certified Appraiser to be Your Supervisor

So how do you find a supervisory appraiser?  You could start connecting with Certified Appraisers through industry associations in your city, forums or even on LinkedIn. The more appraisers you connect to, the bigger the chance you could find a supervisor. Here are the Top 10 Tips to Find a Supervisory Appraiser.

Once you start working alongside with a supervisor, you and your supervisor would need to inform the Appraisal Board about the mentoring relationship. Here’s the form to do so.

You also need to keep track of your working hours with the board-approved experience log. This document is important for the purpose of upgrading your appraiser license in the future.

Keep in mind that you and the supervising appraiser are required to sign on every page of the experience log.

Is real estate appraiser a good career? This is one of the common questions I hear a lot. Therefore, I spent months and months in connecting with different real estate appraisers. Here are their valuable insights about this profession. Make sure to check it out!

How to Become a Licensed Residential Appraiser in Mississippi?

Real Estate Appraiser Continuing Education

As a Licensed Residential Appraiser, you can evaluate non-complex residential properties with 1-4 units, while the transaction value is cannot be more than $1,000,000. Although you can also evaluate complex properties, the maximum value is up to $250,000.

When working as a fee-based appraiser, you could be writing appraisal reports for clients such as individuals, lenders, banks, or appraisal management companies (AMC). Your job duties could include doing research online, going on the field to inspect properties, and writing the appraisal reports.

On the other hand, you could also be hired by an appraiser company or financial institution as their in-house appraiser, where you could enjoy the stable income and employee’s benefits.

This license could be worth considering for those who have not fulfilled the necessary work experience or college-level education to become a certified appraiser but wish to excel their career from the Appraiser Trainee.

Note that unlike most other states, you do need to become a Licensed Residential Appraiser first before you could upgrade your license in being Certified.

5 Steps to Become a Licensed Residential Appraiser in Mississippi

Step 1: Meet the Basic Requirement:

  • You must be at least 18 years old
  • Have a valid Social Security Number
  • Hold an Associate Degree or higher. Or complete 30 semester credit hours which cover specific subjects recognized by the Appraisal Board.

Step 2: Complete the Required Hours of Working Experience

You must have at least 2000 hours of acceptable appraisal experience, where they need to be acquired for over a 12 months period.

Step 3: Fulfill the Education Requirement

You’ll need to complete 150 hours of qualifying appraisal education from an approved course provider.

You should have taken some of the courses when becoming an Intern,  so that you just need to make up for the additional courses required. Here is list of qualifying appraisal courses.

Step 4: Submit Application to the Mississippi Appraisal Board

Once you have fulfilled the education and working experience requirement, you should submit the application to the the Appraisal Board along with other necessary documents. Click here to view the registration procedure.

Step 5: Pass the Licensed Residential Appraiser Exam

Now it’s the time to write the exam! Here are the information about the National Uniform Licensing and Certification Examinations.

How to Become a Certified Residential Appraiser in Mississippi?

As a Certified Residential Appraiser, you can assess for:

  • residential properties with 1 to 4 residential units regardless of the transaction value or complexity.
  • non-residential 1-4 units property given that the transaction value is no more than $250,000

Just like a Licensed Residential Appraiser, you could a self-employed appraiser running your own practice, servicing clients such as individuals, lenders, banks, or appraisal management companies (AMC).

Alternatively, you could work for an appraiser firm or financial institution to become their in-house appraiser, where you could enjoy the stable income and company’s benefits.

However, there is no restriction on the transaction value of residential properties you could assess. The scope of your practice and business opportunity would be a lot wider than being a Licensed Residential Appraiser. In fact, many reputable lenders and financial institutions in only accept assessment work from Certified Appraiser.

That being said, let’s review the steps for you to become a Certified Residential Appraiser.

5 Steps to Become a Certified Residential Appraiser in Mississippi

Step 1: Meet the Basic Requirement:

  • You must be at least 18 years old
  • Have a valid Social Security Number
  • Hold a Bachelor’s Degree or higher

Step 2: Complete the Appraisal Work Experience

You need to complete at least of 2500 hours of acceptable appraisal experience in not less than a 24 months period. Of which a minimum of 1,250 of the required hours must be in the residential category. Also, you cannot have more than 1,600 hours being credited during a 12 months period.

Step 3: Fulfill the Education Requirement

You’ll need to complete 200 hours of qualifying appraisal education from an approved course provider.

Since you should have taken some of the courses when becoming an Intern or Licensed Residential Appraiser,  you are only required to complete the extra classes. Click here to view the specific courses requirement.

Step 4: Submit Application to the Mississippi Appraisal Board  

Once you have fulfilled the education and working experience requirement, it’s time to submit the license application. More details will be discussed later in this post.

Step 5: Pass the Certified Residential Appraiser Exam

Here are more details about the exam writing.

How to Become a Certified General Appraiser in Mississippi?

So you want to explore appraising for commercial real estate? Then becoming a Certified General Appraiser would be the way to go!

This designation is the highest credential you could get in the appraisal industry. You could assess all types of real estate regardless of the transaction value or complexity. There is no limitation on the scope of your appraisal work.

Although you still could evaluate for residential properties, you could also be appraise a portfolio of commercial real estates for institutional investors.

Since your clients depend on your appraisal reports in making an informed investment decision, you must be extremely careful and responsible when handling your work. Extensive research and site inspections are often required. It is your responsibility to provide your clients with an objective appraised value as accurate as possible.

Due to the requirement of low margin of error in your work products, the amount of work experience and education required to become a Certified General Appraiser is the most challenging among all the levels of licensing.

So let’s go through the steps to help you obtain this designation.

5 Steps to Become a Certified General Appraiser in Mississippi

Step 1: Meet the Basic Requirement:

  • You must be at least 18 years old
  • Have a valid Social Security Number
  • Bachelor’s Degree in any field of study; or higher

Step 2: Complete the Required Hours of Working Experience

You must have at least 3000 hours of acceptable appraisal experience where they need to be obtained for over a 30 months period. At least 1500 hours needs to be from non-residential appraisal work.

In addition, no more than 1,900 hours may be counted during any 12 months period.

Step 3: Fulfill the Education Requirement

You’ll need to complete 300 hours of qualifying appraisal education from an approved course provider.

You should have completed some of the courses when the previous license(s). Therefore, you are only required to complete the extra classes.

Step 4: Submit Application to the Mississippi Appraisal Board

Once you have completed all the education and working experience prerequisites, you should fill out the license application.

Step 5: Pass the Certified General Appraiser Exam

The last step is to pass the Certified General Appraiser Exam. You’ll find more details about later in this post.

Courses Requirement for Mississippi Real Estate Appraiser 

 Appraiser Intern (Credit Hours)Licensed Residential Appraiser
(Credit Hours)
Certified Residential Appraiser
(Credit Hours)
Certified General Appraiser
(Credit Hours)
National USPAP Course or Equivalent15 15 15 15
Basic Appraisal Principles30 30 30 30
Basic Appraisal Procedures3030 3030
Residential Market Analysis and Highest & Best Use 1515
Residential Appraisal Site Valuation and Cost Approach 1515
Residential Sales Comparison and Income Approaches 3030
Residential Report Writing and Case Studies 1515
Statistics, Modeling and Finance15 15
Advanced Residential Applications and Case Studies15
Appraisal Subject Matter Electives 20 30
General Appraiser Market Analysis and Highest & Best Use 30
General Appraiser Site Valuation and Cost Approach 30
General Appraiser Sales Comparison Approach 30
General Appraiser Report Writing and Case Studies 30
General Appraiser Income Approach 60
Total75 hours150 hours200 hours300 hours

(Click here to find out why so many people love taking courses with this appraisal education provider.)

Register at the the Mississippi Appraisal Board

Once you have fulfilled all the prerequisites, you could submit the application to the Appraisal Board. In additional to the application, you must provide the following:

  • Registration fee ($50 for Intern, $225 for Licensed/Certified)
  • Supporting legal documents
  • Evidence which shows you have completed the required hours of Board-approved appraisal courses. (i.e., Official transcripts, course completion certificates).
  • Proof that you have fulfilled the specific requirement of post-secondary education for your license (i.e.: Diploma, official transcripts, certificates.)
  • Stated Approved Appraiser Experience Log  (Only if you are applying to become Licensed/Certified Appraiser)

If you have any questions, you could contact the the Mississippi Appraisal Board.

Write the Real Estate Appraiser Exam

real estate application

Once the State Board accepts your application, they will send you a notice with instruction to schedule the exam. PSI will administer the exam, where you can take it on a computer at their examination center.

  • Licensed Residential Appraiser Exam is a 4 hours exam,
  • Certified Residential Appraiser Exam is a 4 hours exam;
  • Certified General Appraiser Exam is a 6 hours exam

The licensed and certified exams consist of 125 questions. Only 110 questions will be scored, the other 15 are pretest questions. The required passing score is 75. You will immediately know your score once you finish writing the test.

The exam fee is $125. You could find out more details in Mississippi Real Estate Appraisers Candidate Information Bulletin.

To increase your chance in passing the exam on the first time, make sure to check out our exam hacks. In there, not only you will find the content of the exam, but also 10 effective tips on how to prepare for it.

Mississippi Appraiser License Renewal and Continuing Education Requirements

All real estate appraisers in Mississippi are required to renew their license every two year. In addition to the application, below are the requirements to renew your appraiser license:

  • Finish 28 hours continuing education every 2 years, of which must include 7 hours of National USPAP Update course.
    • There is no restriction in the number of courses you can take online. 
  • Pay the $325 renewal fee 

To prevent interruption to your appraisal practice and paying the late fee, you should renew it and complete all continuing education requirement before the license expiry date. But keep in mind, you cannot do so 120 days earlier than the expiry date. 

How Much Does a Real Estate Appraiser Make in Mississippi?

Your income as a real estate appraiser depends on many factors such as your skills, licensing level, the type of properties you specialize in appraising, the company size, its location, and most importantly, the amount of effort you are willing to put into this career.

According to the figures on Sokanu.com, despite the starting annual salary is only around $24,870, it has the potential to go up to $79,980. Of which some appraisers could be working full-time or part-time.

The average annual salary of real estate appraisers in Mississippi is $45,310,  which is higher than 82% of similar careers in the same state.

However, there is a significant earning gap depending on the type of real estate that you specialize in assessing.

Based on the Oct 31, 2018 figures on Salary.com, being an appraiser who primarily works on commercial properties seem to be more financial rewarding than a residential real estate appraiser.

The average annual salary of appraisers who primarily devote their practice to residential real estates is $46,514. The range generally is between $38,330 and $53,742.

On the other hand, a commercial real estate appraiser has an average yearly salary of $86,651 . The range is mostly between $74,531 and $99,403.

(No doubt, the income potential is an important factor in deciding the career path. Therefore, I wrote a complete guide which covers the different factors that could influence it. You will also find how to become six figures earning real estate appraiser.)

Helpful Tips for Appraisers in Mississippi

Tip#1: Take the Appraisal Courses Asap

You could read as much about the appraisal career as you want, but your journey would not begin unless you start taking action.

Taking the real estate appraiser classes would be your first step. Not only you could gain valuable knowledge and practical skills, but you will also have a better understanding about what is like to be an appraiser.

Besides, most states would require you to complete all the trainee education before your working experience could count toward the licensing requirement.

To assist in the selection process, here’s a review of the appraisal courses provider that I like.

Tip#2: Network with Other Real Estate Professionals in Mississippi

Getting to know other appraisers in Mississippi could help you gain a better understanding about the appraisal industry. You could do so by joining industry associations, online forums or even social media groups. For instance,

Let them know that you are starting your career as an appraiser, ask them if they have any tips or advice for newbies to the industry.

Furthermore, you should network with other professionals in the real estate field. Mortgage agents, lenders, and realtors can all provide you with valuable insight, which could be very helpful to your career building in the long run.

Here’s a list of real estate professional groups on our resource page. Remember to check it out!

Tip#3: Consider the Commercial Real Estate Route

Just like many other states, the business to appraise for residential properties could be quite competitive. Well, as you could imagine, there is a considerable overlap of targeted customers for the first three levels of licensing.

To differentiate your skills and broaden your scope of practice, you could consider pursuing the Commercial General Appraiser designation as your long-term goal.

Here’s an article you might be interested: “Is Commercial Real Estate Appraisal a Good Career?” In there, a CRE appraiser shared his view on what he thinks about this profession.

Current Real Estate Appraiser Jobs Opportunity Available in Mississippi

Note: The list of Appraiser Jobs Opportunity is coming soon. Please stay tune

Disclaimer: The information in this post is for general information only, and not intend to provide any advice. They are subjected to change any notice, and not guaranteed to be error-free. For full and exact details, please contact the Mississippi Appraisal Board .

Reference:

Jacob Coleman

Jacob is a content writer and a real estate investor. He has experience working with different real estate professionals throughout the years. (i.e., appraisers, real estate agents, property managers, home inspectors.) In order to build a career you love, Jacob believes not only you need a thorough understanding about the profession, but you also have to find out what type of jobs could match your personality, lifestyle and expectation.

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