Those wishing
to obtain a Nevada appraiser license and who hold a valid
appraiser license in another state, district, or US territory
have an abbreviated application process. These individuals
must:
·
Submit a completed application;
-
No log is required;
-
No verification of experience is required;
·
Submit a copy of the appraiser license from their home state;
and
·
Show proof of completing 3 hours of education in Nevada
Appraisal Law*
*Nevada has a reciprocal agreement with the State of
Arizona. Applicants from Arizona are not required to show proof
of completing the 3-hour Nevada Law course.
To become a
registered intern, the applicant must meet the following
criteria:
·
Show proof of completion of the following education: (courses
must be approved by the Nevada Commission of Appraisers)
§
30 hours of basic appraisal principles;
§
30 hours of basic appraisal procedures;
§
15 hours of National USPAP;
§
3
hours of Nevada Law.
·
Submit a completed registration application; and
·
Submit required fees
-
$100.00 application fee
-
$190.00 registration fee
·
2-year valid period
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***ATTENTION INTERNS***
Pursuant to NAC 645C.068 Registered interns are required
to attend 6 hours of a Commission hearing prior to
applying for a license/certification.
The
Commission hearing dates for 2008 are now posted.
Click here to view schedule of meetings.
NAC 645C.068
Requirement
for registered intern to attend meetings of Commission.
(NRS
645C.210)
A
registered intern must attend at least 6 hours of
meetings of the Commission before he may apply for a
license or certificate. The Commission will certify to
the attendance of the registered intern.
(Added
to NAC by Comm’n of Appraisers of Real Estate by
R158-05, eff. 9-18-2006)
(NAC 645C.243
Required
instruction: Registration as intern.)
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Applicants for
a residential appraiser license must:
·
Show proof of completion of the following education (courses
must be approved by the Nevada Commission of Appraisers):
-
30 hours basic appraisal principles;
-
30 hours basic appraisal procedures;
-
15 hours National USPAP;
- 15
hours residential market analysis and analysis of the highest
and best use of real estate;
- 15
hours valuation of a site and cost approach for a residential
appraiser;
- 30
hours residential sales comparison and income approaches;
- 15
hours of instruction on residential report writing and case
studies; and
-
3
hours of Nevada Law.
·
Show proof of at least 2 years and 2,400 hours of experience
working as an appraiser or intern; and
·
Submit a completed license application; and
·
Show proof of passing the Appraisal examination or proof of
active licensure in another state.
·
Submit required fees:
-
$100.00 application fee; and
-
$240.00 license fee; and
-
$50.00 Federal Financial Institutions Examination Council fee
·
2-year valid period.
*
EDUCATION
MUST BE COMPLETED PRIOR TO TAKING THE STATE LICENSING EXAM *
(NAC
645C.235 Required instruction: Licensure as residential
appraiser.)
Applicants
must:
·
Show proof of completion of the following courses: (courses must
be approved by the Nevada Commission of Appraisers)
-
30 hours basic appraisal principles;
-
30 hours basic appraisal procedures;
-
15 hours National USPAP;
- 15
hours market analysis and analysis of the highest and best use
of real estate;
- 15
hours residential appraiser valuation of a site and cost
approach;
- 30
hours residential sales comparison and income approaches;
-
15 hours residential report writing and case studies;
-
15 hours statistics, modeling and finance;
-
15 hours advanced residential applications and case studies;
-
3
hours Nevada Law; and
- 20
hours of instruction in elective courses relating to appraisals.
An applicant for a certificate as a residential appraiser must:
(a) Hold
an associate degree or higher from an accredited college or
university; or
(b) Have
earned at least a total of 21 semester credit hours or its
equivalent in the following subjects, with a minimum of 3
semester credit hours or its equivalent in each of the following
subjects, from an accredited college or university:
(1)
English composition;
(2)
Principles of micro- or macroeconomics;
(3)
Finance;
(4)
Algebra, geometry or a higher level of mathematics;
(5)
Statistics;
(6)
Introduction to computers, including word processing and
spreadsheets; and
(7)
Business or real estate law.
·
Show proof of at least 2 years of and 2,500 hours experience
working as an appraiser or intern, including not less that 500
hours of experience relating to complex property
(NRS 645C 0.55 "Complex property" defined);
·
Submit a completed license application;
·
Show proof of passing the Appraisal examination or proof of
active licensure in another state; and
·
Submit required fees:
-
$100.00 application fee; and
-
$240.00 license fee; and
-
$50.00 Federal Financial Institutions Examination Council fee
·
2-year valid period.
*
EDUCATION
MUST BE COMPLETED PRIOR TO TAKING THE STATE LICENSING EXAM *
NAC
645C.237
Required
instruction: Certification as residential appraiser.
Applicants
must:
·
Show proof of completion of the following education: (courses
must be approved by the Nevada Commission of Appraisers)
-
30 hours basic appraisal principles;
-
30 hours basic appraisal procedures;
-
15 hours National USPAP;
-
30 hours general market analysis and highest and best use;
-
30 hours general appraiser valuation of a site and cost
approach;
-
30 hours general appraiser sales comparison approach;
-
60 hours general appraiser income approach;
-
30 hours general appraiser report writing and case studies;
-
15 hours statistics, modeling and finance;
-
3
hours of Nevada Law; and
-
30 hours of instruction in elective courses relating to
appraisals.
An applicant for a certificate as a general appraiser must:
(a) Hold a
bachelor’s degree or higher from an accredited college or
university; or
(b) Have
earned at least a total of 30 semester credit hours or its
equivalent in the following subjects, with a minimum of 3
semester credit hours or its equivalent in each of the following
subjects, from an accredited college or university:
(1)
English composition;
(2)
Principles of microeconomics;
(3)
Principles of macroeconomics;
(4)
Finance;
(5)
Algebra, geometry or a higher level of mathematics;
(6)
Statistics;
(7)
Introduction to computers, including word processing and
spreadsheets;
(8)
Business or real estate law; and
(9)
Two elective courses in accounting, geography, agricultural
economics, business management or real estate.
·
Show proof of at least 3 years working as an appraiser or intern
and 3,600 hours experience, including not less than 1,500 hours
of experience of appraising commercial real estate of experience
;
·
Submit a completed license application; and
·
Show proof of passing the Appraisal examination or proof of
active licensure in another state; and
·
Submit required fees:
-
$100.00 application fee;
-
$340.00 license fee; and
-
$50.00 Federal Financial Institutions Examination Council fee
·
2-year valid period
*
EDUCATION
MUST BE COMPLETED PRIOR TO TAKING THE STATE LICENSING EXAM *
NAC
645C.240
Required
instruction: Certification as general appraiser.
List of Accredited Pre-License Education Providers
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