How to Become a Real Estate Appraiser in Nevada?


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There are over 3 million people living in Nevada. A significant of the population is concentrated in the largest metropolitan areas, such as Las Vegas, Henderson and North Las Vegas in Clark County and Reno in Washoe County.

As a real estate appraiser in Nevada, your job is to evaluate the properties’ market value for your clients. The demand of appraisal works could be due to home purchasing/selling, refinancing, investments, tax assessment, divorce settlement, etc.

Regardless of who is in needs of your appraisal services, your assessment must always remain objective and unbiased.

To become a real estate appraiser in Nevada, you would start off in working as a Registered Intern, then work your way up toward other credential such as the Licensed Residential Appraiser, Certified Residential Appraiser, and the Certified General Appraiser. 

You must fulfill the qualifying appraisal education, work experience prerequisite and meet the college-level education requirement specific to the license you’re applying.

You also need to register with the Nevada Real Estate Appraisal Division. This is the division that handles the administrative works of licensing and regulate the appraisal industry according to the rules set out by the Appraisal Commission.

Nevada Real Estate Appraiser Licensing Requirement Info-graphic

How to Become a Registered Intern in Nevada?

Becoming a Registered Intern is the first step in your appraisal career. 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 learn phase,  you should 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 a Registered Intern in Nevada

Step 1: Meet the Basic Requirement:

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

Step 2: Complete the Pre-License Education

You need to complete the 75 hours of qualifying appraisal-related education, Trainee/Supervisor course and the Nevada Appraisal Law class. Here’s a chart with the specific courses requirement.

(Here’s a review of an appraisal courses provider that I like).

Step 3: Submit Application to the Nevada Real Estate Appraisal Division  

Now you have taken the required qualifying course works, your next step is to get registered. You’ll find more details about the registration process later in this post.

Step 4: Find a Certified Appraiser to be Your Supervisor

So how do you find a supervisory appraiser?  You could start networking 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 Real Estate Division about the mentoring relationship.

You also need to keep track of your working hours with the 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.

How to Become a Licensed Residential Appraiser in Nevada?

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.

Although you could assist in the communication and preparation of an appraisal that is outside the scope of this license, you’ll have do so under the direct supervision of a certified appraiser, where he/she must have the authority in assessing such properties.

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.

5 Steps to Become a Licensed Residential Appraiser in Nevada

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: 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 24 months period.

Step 3: Fulfill the Education Requirement

You’ll need to complete 150 hours of qualifying appraisal education from an approved course provider and the Nevada Appraisal Law class.

You should have taken some of the courses when becoming a Registered Intern,  so that you are only required to fulfill the additional course works. Here is list of qualifying appraisal classes.

Step 4: Submit Application to the Nevada Real Estate Appraisal Division

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

Step 5: Pass the Licensed Residential Appraiser Exam

Writing the exam would be your next step. Here are more details about the National Uniform Licensing and Certification Examinations,

How to Become a Certified Residential Appraiser in Nevada?

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).

(If you are interested in running your own appraisal business, here’s an article that could be helpful to you.)

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 hold a high standard and only accept assessment work from Certified Appraisers.

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 Nevada

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

Step 3: Fulfill the Education Requirement

You’ll need to complete 200 hours of qualifying appraisal education from an approved course provider and the Nevada Appraisal Law class.

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 Nevada Real Estate Appraisal Division  

Once you have fulfilled the education and working experience prerequisite, it’s time to fill out the license application. Here are the submission steps.

Step 5: Pass the Certified Residential Appraiser Exam

Click here for more details to schedule the exam writing.

How to Become a Certified General Appraiser in Nevada?

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.

5 Steps to Become a Certified General Appraiser in Nevada 

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 3600 hours of acceptable appraisal experience where they need to be obtained for over a 36 months period. At least 1,500 hours of the working experience needs to be from non-residential appraisal work.

This is actually one of the highest working experience requirement when comparing to other states.

Step 3: Fulfill the Education Requirement

You’ll need to take the 300 hours of qualifying appraisal education from an approved course provider and the Nevada Appraisal Law class.

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 Nevada Real Estate Appraisal Division

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

Now it’s the time to write the Certified General Appraiser Exam.

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

Courses Requirement for Nevada Appraiser Licenses

 Registered 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

In addition to the above qualifying education, you’ll need to take a 3 hours course of Nevada Appraisal Law.

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.

Register at the Nevada Real Estate Division

Once you have fulfilled all the prerequisites, you could submit your application to the Real Estate Division. Here are the applications for:

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

  • Registration fee payable to Nevada Real Estate Division
    • $290 for Registered Intern
    • $420 for Licensed/Certified Residential Appraiser
    • $520 for Certified General Appraiser
  • 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 college-level education requirement for your specific 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 Nevada Real Estate Appraisal Division at

  • Phone: (702) 486-4033
  • E-mail: [email protected]
  • 3300 W. Sahara Ave., Suite 350, Las Vegas, Nevada 89102

Write the Real Estate Appraiser Exam

real estate exam

Once the State Board accepts your application, they will send you a notice with instruction to schedule the exam. Pearson-Vue 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.

You could find out more details in the National Appraiser Examination Candidate Handbook.

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.

Appraiser License Renewal and Continuing Education Requirements

All real estate appraisers in Nevada are required to renew their license every two year. There is no grace period for renewal. 

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

  • Finish 30 hours continuing education every 24 months, of which must include 7 hours of National USPAP Update course in every 2 years.
    • There’s no limitation to the number of courses you could take online.
  • Pay the renewal fee ($190 for Intern, $320 for Licensed/Certified Residential, $420 for Certified General)

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

How Much Does a Real Estate Appraiser Make in Nevada?

Realtors In Front Of A House

Your earning potential in the appraisal industry 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.

According to the figures on Sokanu.com, despite the starting annual salary is only around $31,680, it has the potential to go up to $100,930 for high earners. Of which some appraisers could be working full-time or part-time.

The average annual salary of real estate appraisers in Nevada is $61,790,  which is higher than 85% of similar careers.

However, when you read the Oct 31, 2018 figures on Salary.com, you could see that there is significant earning gap among residential and commercial real estate appraisers in Nevada. 

The average annual salary of residential real estate appraisers is $53,031. The range generally is between $43,701 and $61,272.

Whereas, appraisers who devote their practice to commercial real estate has an average annual salary of  $98,793 . The range is mostly between $84,974 and $113,331.

(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 Nevada

Tip#1: Start taking the appraiser 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: Build your network with other real estate professionals in Nevada

Connecting with other appraisers in Nevada 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.

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

Tips#3: Consider the commercial real estate career Path

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.

Tip#4: Read the Nevada Customary and Reasonable Appraisal Fee Study

We found an interesting study conducted at the Nevada Real Estate Division website. It was prepared by the Center for Business and Economic Research and was published on 2016.

It discussed the typical appraisal fees charged according to different scenarios. For example, whether the client was AMC or not, the property was located in an urban or rural area, is it a full appraisal for FHA or an exterior-inspection.

It also illustrated some important figures such as whether the appraiser’s experience and designation would have an impact on the appraisal fees.

Since this study has 63 pages, so I won’t go over all the details here. But here’s the link for your reference.

Current Real Estate Appraiser Jobs Opportunity Available in Nevada

[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 Nevada Real Estate Appraisal Division.

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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