How to Become a Real Estate Appraiser in Missouri? (Beginner’s Guide)


(**) Disclosure: This post may contain affiliate links, meaning our company, JCHQ Publishing will get a commission if you decide to make a purchase through the links, but at no additional cost to you.

So you are thinking to become a real estate appraiser in Missouri? That’s great! Then you have landed to the right page.

To become a real estate appraiser in Missouri, an applicant must:

  1. Complete 75-hour of qualifying appraisal courses (including 15 hours of USPAP) and an AQB approved Supervisory/Trainee course)
  2. Apply for the Trainee Appraiser license
  3. Work under the supervision of a Certified Appraiser
  4. Complete the LR/CR/CG appraisal education
  5. Pass the state appraiser exam
  6. Acquire work hours experience (2000 for LR, 2500 for CR, 3000 for CG)
  7. Submit an appraiser license application and fees to the Missouri Real Estate Appraisers Commission
  8. Upgrade to a Licensed Residential/ Certified Residential/ Certified General Appraiser license.

Missouri Real Estate Appraisers Commission is the agency which regulates individuals and companies that appraise the value of real estates, and also appraisal management companies (AMCs), in accordance with federal guidelines.

As a real estate appraiser in Missouri, 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.

If you’re wondering what a real estate appraiser does and if it might be a good career for you, keep reading. You’ll find out all the steps to obtain a real estate appraiser license. Plus everything you need to know about this profession (i.e. pre-licensing course, exam format, income updates). So whether you’re just starting out in your career or you’re looking for a new challenge, read on!

But before we start, I want to give a brief disclaimer. This post is not intended as legal advice or state/federal real estate appraisal training. It is for general information only. Always follow your State Laws and best practices.

The first step to your appraisal career is to complete the pre-licensing courses from a trusted education provider. McKissock received an incredible rating from its students, and their online lessons are taught by instructors who have actual experience in the appraisal industry. You may click here to find out more about their courses. (**)

Info-graphic Missouri real estate appraiser license requirement

How to Become a Trainee Appraiser in Missouri?

To begin your journey as an appraiser, your first step is to become a Trainee Appraiser. At this 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 supervisory 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 trainee stage,  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.

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

Step 2: Complete the appraisal education

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

The 75-hour appraisal education curriculum will include the following:

  • National USPAP Course -15 hours
  • Basic Appraisal Principles- 30 hours
  • Basic Appraisal Principles- 30 hours

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: Register with the Missouri Real Estate Appraisers Commission

Now you have completed the education prerequisites, your next step is to register with Appraiser Commission. If they have the online submission available, then I would strongly encourage you to use that option. Not only this is the quickest and most convenient way, but less paper mailing is also good for the environment.

Step 4: Work under the supervision of a Certified Appraiser

You might wonder how to find a supervisory appraiser. You should start networking with Certified Appraisers as early as possible. You could do so through participating appraisal associations, forums or even on LinkedIn. The more appraisers you connect to, the bigger the chance you could find a supervisor.

Once you start working alongside with a supervisor, you and your supervisor would need to inform the Appraiser Commission about the mentoring relationship. Here’s the Report of Supervisory Relationship form.

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.

Here’s what I asked a Real Estate Appraiser Trainee about working with a supervisor

Katie Holland, Real Estate Appraiser Trainee

Jacob:Is there anything you have learned in the field or from your supervisor that was not covered in the class?” 

Katie: “Yes, I have learned so much through both my supervisor and working in the field. Through this, it has taught me how to properly measure a home, how to notice differences in materials used throughout the home, how to properly deal with clients (answering such questions that may come about or just overall explaining the process of how the appraisal works.)

I conducted a full interview with Katie Holland, where she shared her journey and thought about the real estate appraisal industry. Be sure to check it out!

How to Become a Licensed Residential Appraiser in Missouri?

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 Trainee Appraiser.

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 covering specific subject topics.

Step 2: Obtain appraisal work 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: Complete the appraisal education

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 a Trainee Appraiser, so that you are only required to fulfill the additional course works.

Step 4: Register with the Missouri Real Estate Appraisers Commission

Once you have fulfilled the education and working experience requirement, you should submit the application to the the Real Estate Appraiser Commission along with other required documents. 

Later in this post, I’ll go over the documents and fees needed for the registration process.

Step 5: Pass the Licensed Residential Appraiser Exam

Now it’s the time to write the exam. The purpose is to test your appraisal knowledge, especially the subjects that are covered in the pre-licensing courses.

Doing multiple sets of practice questions is an excellent way to prepare for the exam and also boost your confidence.

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.

How to Become a Certified Residential Appraiser in Missouri?

Realtors In Front Of A House

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 Missouri only accept assessment work from Certified Appraiser.

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

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: Obtain appraisal work experience

You need to complete a minimum of 2500 hours of acceptable appraisal experience in not less than a 24 months period.

Step 3: Complete appraisal education

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 a Trainee or Licensed Residential Appraiser,  you are only required to complete the extra classes. 

I included some details which could be helpful to your studying on our education resources page. Be sure to check it out.

Step 4: Register with the Missouri Real Estate Appraisers Commission

Once you have fulfilled the education and working experience requirement, it’s time to submit the license application. The Licensing Commission in some states may require you to apply within a specific period after you complete the pre-licensing education. Therefore, don’t wait till it expires!

Step 5: Pass the Certified Residential Appraiser Exam

Cramming for the exam is ineffective. Instead, you should study for 45 to 60 minutes, then take a break. Concentration tends to wander if you study for too long. If possible, focus on studying only one to two topics per day. But be really good at it.

How to Become a Certified General Appraiser in Missouri?

Portrait Of Smiling Young Female Realtor Holding Document With Clients In Background

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.

But first you would need to become a Certified General Appraiser, so let’s go through the steps to get you this credential.

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 appraisal work hours

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 of working experience needs to be from non-residential appraisal work.

Step 3: Fulfill the appraisal 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: Register with the Missouri Real Estate Appraisers Commission

Once you have completed all the education and working experience prerequisites, you should fill out the license application. Most State Commission allow you to apply through their website. Some would even charge a lower registration fee by doing online. You should definitely check out this option.

Step 5: Pass the Certified General Appraiser Exam

The final step is to pass the Certified General Appraiser Exam. Get enough sleep the night before the exam and have a good meal before it. Managing your stress level during the test is another key to passing it.

Table of Missouri Real Estate Appraiser Courses

Trainee Appraiser (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

Starting March 2013, the Appraisers Commission recognizes distance education from approved course providers.

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.

How to Register at the Missouri Real Estate Appraisers Commission?

real estate career studying

Once you have fulfilled all the prerequisites, you could submit your application to the State Commission.

Here are the applications for:

In additional to the application, you must provide the following:

  • Registration fee (Here’s the fee structure)
  • 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 Appraisers Commission at 573.751.0038 or reacom@pr.mo.gov.

Here’s More Info about the Missouri Real Estate Appraiser Exams

Real Estate Exam Study

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 $135. You could find out more details in the Missouri Real Estate Appraiser Program Candidate Handbook. 

Be sure to check out my other post: 10 effective tips to pass the real estate appraiser exam on the first try!

FAQ on Missouri Real Estate Appraiser Career

Real estate appraiser FAQ

How long does it take to become a real estate appraiser in Missouri?

It takes 12 to 30 months to become a real estate appraiser in Missouri. That is the minimum period to complete the work experience so the duration would hugely depend on which appraiser license you are pursuing, the time it takes you to complete the work experience, pre-licensing courses and pass the appraiser exam.

It takes 2,000 hours of work experience to become a Licensed Residential Appraiser in Missouri and 2,500 hours to become a Certified Residential Appraiser, and 3,000 hours to become a Certified General Appraiser.

Do you need a degree to be an appraiser in Missouri?

You need a Bachelor’s Degree to be a Certified General Appraiser or Certified Residential Appraiser in Missouri. As for becoming a Licensed Residential Appraiser, you must complete one of the six college-level education requirement.

How to renew a real estate appraiser license in Missouri?

All real estate appraisers in Missouri are required to renew their license every two year.  Here’s the website to request for the renewal application

In addition to the renewal application, below are the requirements to renew your appraiser license:

  • Finish 28 hours continuing education every 24 months, of which must include 7 hours of National USPAP Update course.
    • There is no limit on the number of hours permitted online.
  • Pay the $300 renewal fee 

To prevent interruption to your appraisal practice, you should renew it and complete all continuing education requirement before the license expiry date. 

How many real estate appraisers are in Missouri?

According to the Appraisal Subcommittee, there are 1965 real estate appraiser in Missouri. The breakdown is as follow:

  • 818 Certified General Appraiser
  • 1075 Certified Residential Appraiser
  • 72 Licensed Residential Appraiser

Missouri has over 6.1 million people. It is a sparsely populated state. Therefore, when you are targeting your service region, you could consider cities that have higher population such as St.Louis, Kansas City,  Springfield and Columbia, and the capital itself, Jefferson City.

When you are deciding the regions to conduct your appraisal practice, you should target areas that have a high population. After all, businesses can only occur when there are customers.

How much do real estate appraisers make in Missouri?

Missouri Real Estate Appraiser Income Guide

According to the Bureau of Labor Statistics, the average salary of property appraisers in Missouri is $55,280. It typically ranges between $37,700 and $65,530. Top earning property appraisers in Missouri more than $94,350 per year. 

Your yearly income as a real estate appraiser depends on many factors such as your experience, 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.  Therefore, the earning differential among real estate appraisers in Missouri could be large.

Here’s a complete income guide on real estate appraisers in Missouri. In there, I will uncover the income updates, the percentage of appraisers that are making a good living, and whether being a commercial or residential appraisers has any effect on the income. So be sure to check it out!

Helpful Career Tips for Appraisers in Missouri

Tip#1: Take the required appraisal education 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 you 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 Missouri

Networking with other appraisers in Missouri is a good way to gain a better understanding about  the appraisal industry. You could do so by joining industry affiliations, online forums or even LinkedIn groups. For instance,

Begin with a friendly conversation. 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.

In addition, 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 haul.

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.

If you are reading up to this point, I bet you must be interested in the real estate appraiser profession. Your first step is to complete the pre-licensing courses. You should select one that has an excellent reputation and long-term track record of satisfying students. McKissock is exactly that! You may click here to check it out yourself. (**)

(**) Affiliate Disclosure: Please note that some of the links above are affiliate links, and at no additional cost to you. Our company, JCHQ Publishing will earn a commission if you decide to make a purchase after clicking on the link. Please understand that we include them based on our experience or the research on these companies or products, and we recommend them because they are helpful and useful, not because of the small commissions we make if you decide to buy something through the links. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

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 Missouri Real Estate Appraisers Commission.

Reference:

  • Mckissock Learning- Missouri Appraisal License Requirements: (Source)
  • Mckissock Learning- Learn Appraisal Educational Requirements for Missouri: (Source)
  • The Appraisal Foundation- National Uniform Licensing and Certification Examinations: (Source)
  • sokanu – How much does a Real Estate Appraiser make in  Missouri? (Source)
  • salary.com- Salary for Appraiser (Commercial Real Estate) in Missouri: (Source)
  • salary.com- Salary for Appraiser (Residential Real Estate) in Missouri: (Source)
  • Missouri Real Estate Appraisers Commission (Source)
  • Appraisal Subcommittee- Active Appraiser Credentials Summary Report (Source)

Author

  • 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.

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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