How to Become a Real Estate Appraiser in New Hampshire?


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New Hampshire has approximately 1.35 million of population. It is one the smallest states in the US, but also fairly densely populated in comparison to its size. Concord is the most populous city, followed by Dover, Rochester, and Keene. 

How to become a real estate appraiser in New Hampshire? The short answer is you need to begin working as an Apprentice Appraiser, then upgrade your licenses in becoming a Licensed or Certified Appraiser. You must complete the qualifying appraisal courses and work experience requirement.

You also need to register with the New Hampshire Real Estate Appraiser Board. They are responsible for issuing licenses to appraisers and regulating the appraisal industry. 

Your job as a real estate appraiser to provide a professional estimation of the properties’ market value for your clients. Your appraisal report could be used for home purchasing, getting a mortgage, refinance, estate sales, tax assessment, etc.  

New Hampshire Real Estate Appraiser Licensing Requirement

How to Become an Apprentice Appraiser in New Hampshire?

Becoming an Apprentice Trainee is the first step into the real estate appraisal career. You will be supervised and trained by a certified appraiser. An experienced mentor could guide you into the right direction in this career.

The supervisory appraiser should educate you with appraisal techniques, effective ways to conduct research, and how to analyze the data.  Most importantly, how to develop an objective estimation of the property’s market value.

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

To accelerate your learning, you should walk through each and every step in the appraisal process, and review carefully on how your trainer inspect and evaluate real estate.

4 Steps to Become an Apprentice Appraiser in New Hampshire

Step 1: Fulfill the Basic Requirement

  • At least 18 years old
  • Have a valid Social Security Number
  • No prior related experience is needed

Step 2: Complete the Qualifying Education

You must complete the 75 hours of appraisal courses and the AQB Supervisor/Trainee course.  

Step 3: Submit Application to the New Hampshire Real Estate Appraiser Board

Step 4: Find a Supervising Appraiser

Once you and your trainer decide to work together, you both need to let the Department know about the mentoring relationship. 

You must also keep record of your working hours with the approved experience log. These logs are necessary when you upgrade your appraiser license in the future. In order for them to be valid, make sure you and the supervising appraiser sign on every page of them. 

Some people might have concern about how to locate a supervisory appraiser.  No problem! Here are 10 Tips to Find a Supervisory Appraiser.

How to Become a Licensed Residential Appraiser in New Hampshire?

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

When working as a fee-based appraiser, your assessment could be used by customers such as individuals, lenders, banks, or appraisal management companies (AMC). Your daily activities could include conducting, inspecting properties, analyzing data and writing appraisal reports.

Alternatively, you could also be employed by an appraisal firm, financial institution, government assessor’s office as their in-house appraiser, where you could enjoy the stable income and employee’s benefits.

This license is worth considering if you have not fulfilled the necessary work experience, appraisal courses or college-level education to become a certified appraiser but wish to advance the scope of practice beyond the Apprentice status.

5 Steps to Become a Licensed Residential Appraiser in New Hampshire

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 30 semester credit hours of courses that cover specific subject matter.

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 18 months period.

Step 3: Fulfill the Education Requirement

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

You should have taken some of the courses when becoming an Appraiser Trainee,  so that you are only required to fulfill the additional course works.

Step 4: Submit Application to the New Hampshire Real Estate Appraiser Board

Step 5: Pass the Licensed Residential Appraiser Exam

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 Certified Residential Appraiser in New Hampshire?

As a Certified Residential Appraiser, you can assess for:

  • residential properties with 1 to 4 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

You could a self-employed appraiser where you deal with your own clients, set your working schedule, and have the flexibility to run the business in ways you want .

Alternatively, you could be hired by an appraisal firm or financial institution to as their in-house appraiser, where you could enjoy the stable income and company’s benefits.

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 large lenders and financial institutions only accept appraisal work from Certified Appraisers

So let’s take a look at the steps to become a Certified Residential Appraiser.

5 Steps to Become a Certified Residential Appraiser in New Hampshire

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 courses from an approved provider.

Step 4: Submit Application to the New Hampshire Real Estate Appraiser Board

Step 5: Pass the Certified Residential Appraiser Exam

How to Become a Certified General Appraiser in New Hampshire?

So you want to further expand your scope of appraisal work? Then becoming a Certified General Appraiser would be the option!

This is the highest license type you could obtain in the appraisal industry. You could assess all types of real estate regardless of the transaction value or complexity. 

Although you still could evaluate for residential properties, many would choose to focus on the commercial line of work. 

Commercial Real Estate Appraisal

Since the transaction values involve could be significant, 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 expectation of low margin of error in assessment, 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 over the steps to get you this credential.

5 Steps to Become a Certified General Appraiser in New Hampshire

Step 1: Meet the Basic Requirement:

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

Step 2: Complete the Required Hours of Working Experience

You must have at least 3000 hours of acceptable appraisal experiencewhere they need to be obtained for over a 18 months period. At least 1500 hours of the working experience needs to be from non-residential appraisal work.

Step 3: Fulfill the Education Requirement

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

Step 4: Submit Application to the New Hampshire Real Estate Appraiser Board

Step 5: Pass the National Certified General Appraiser Exam

Courses Requirement for New Hampshire Appraiser

 Apprentice 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

Distance education is not permitted. 

Registration with the New Hampshire Real Estate Appraiser Board

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

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

  • Registration fee (Here’s the fee schedule)
  • Supporting legal documents
  • Education 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)

Then you could mail the documents to the Office of Professional Licensure and Certification. The addresses are printed on the applications. 

If you have any questions, you could contact the NH Real Estate Appraiser Board.

New Hampshire Real Estate Appraiser Exam

Certified General Appraiser

Once the 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 New Hampshire need to renew their license every two years.

In addition to the online renewal application, below are the other requirements:

  • Complete 28 hours continuing education every 24 months, of which must include 7 hours of National USPAP Update course 
    • You must take at least half of the CE credit hours in a classroom setting
    • The board will randomly select licensees to audit their CE credits. Therefore, you need to retain the proof of CE courses completion for at least 4 years. 
  • Pay the renewal fee

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

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

How Much Does a Real Estate Appraiser Make in New Hampshire?

Your earning as a real estate appraiser depends on many things. For instance, your experience, licensing level, the type of properties you specialize in appraising, the company size, its location.

Here’s an article where we discussed in depth of the different factors that could affect the real estate appraisers salary. 

According to the figures on Sokanu.com, the average annual salary of real estate appraisers in New Hampshire is $62,870,  which is higher than 91% similar careers in the same state.

The starting annual salary of a real estate appraiser in New Hampshire is around $38,530, it has the potential to go up to $94,880. Of which some appraisers could be working full-time or part-time.

Based on the Dec 1st, 2018 figures on Salary.com, appraisers who focus their practice on commercial properties tend to have a compensated better financially than residential real estate appraisers.

  • The average salary for Residential real estate appraisers is $54,501. The range mostly falls between $44,917 and $62,971.
  • The average salary for Commercial real estate appraisers is $101,561. The range generally falls between $87,355 and $116,504.

Is commercial real estate appraisal a good career? Check out this complete guide. In it, you’ll find the type of work involved as a commercial real estate appraiser, the income potential, and the training you need to have to become one.

Helpful Tips for Appraisers in New Hampshire

Tip#1: Complete the Appraisal Courses Asap

You could read as much as you want, but your career 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.

However, the NH has restriction that the courses must be taken in a classroom setting. Before you enroll to a course, check out whether it is listed as one of the approved courses

Tip#2: Build Your Network with Other Real Estate Professionals in New Hampshire 

Talking to other appraisers in New Hampshire is a good way to gain a better understanding about the appraisal industry. You could do so by joining appraiser coalitions, online forums or even LinkedIn groups – for instance, the NH-VT Chapter of the Appraisal Institute.

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!

Current Real Estate Appraiser Jobs Opportunity Available in New Hampshire

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 New Hampshire Real Estate Appraiser 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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