Licensed Residential Appraiser
The Associate in Applied Science (AAS) in Licensed Residential Appraiser program equips students with the skills needed to appraise residential land and properties. Graduates will be prepared to take the Appraisal Qualification Board (AQB) approved National Uniform Licensing and Certification Examination. The program fulfills the educational and experience requirements set by the AQB and the Arizona Department of Insurance and Finance Institution (DIFI). Students interested in registering for licensure in other states please visit the list of state boards at https://www.mesacc.edu/about/professional-licensure. Licensed Residential Appraisers can evaluate non-complex residential units (1-4 units) with transaction values under $1,000,000 and complex residential units (1-4 units) with transaction values below $400,000. This certification does not cover the appraisal of subdivisions.
In addition to meeting the educational requirements, graduates can also satisfy the 1,000 hours of practical experience needed for licensure through the Practical Applications of Real Estate Appraisal (PAREA) program. PAREA offers a modern pathway for aspiring appraisers to fulfill their experience requirements using innovative technology. It provides practical experience in a virtual environment, combining appraisal theory and methodology through real-world simulations. This experience is delivered via a range of online and virtual reality technologies.
The Appraiser Qualifications Board developed PAREA as an alternative to the traditional supervisor/trainee model for gaining appraisal experience. To meet the experience requirements for the Licensed Residential and the Certified Residential credential levels, students can choose between PAREA or the supervisor/trainee model.
Details
Field of Interest
Business, Entrepreneurialism and Management
Degree Type
Associate in Applied Science (AAS)
Academic Plan
Licensed Residential Appraiser (DEG)
Academic Plan Code
3104
Total credits required
61.5-73.5
Catalog Year
2023-2024
Effective Term
Summer 2024
Notes
Students must earn a grade of C or better in all courses within the program.
What You'll Learn
- Explain the nature, importance, and purposes of residential real estate appraisal.
- Collect, analyze, and interpret data in preparation for completing a URAR form.
- Communicate effectively orally and in writing with a diverse audience.
- Employ ethical practices and standards according to the Uniform Standards of Professional Appraisal Practice (USPAP).
- Demonstrate a proficiency in all three approaches to value: Cost approach, income approach, and data approach.
- Write a form appraisal report using all the three approaches to value, site analysis, economic analysis, and reconciliation.
- Describe both social and economic determinant of value.
- Examine case studies related to the appraisal process.
Career statistics
Successful completion of this degree may lead to employment in a variety of different occupations and industries. Below are examples of related occupations with associated Arizona-based annual median wages* for this program. Education requirements vary for the occupations listed below, so you may need further education or degrees in order to qualify for some of these jobs and earn the related salaries. Please visit with an academic advisor and/or program director for additional information.
Property Appraisers and Assessors
$50,590 Show expanded career information for Property Appraisers and Assessors
* Wage information sourced from the Bureau of Labor Statistics, Occupational Employment Statistics Program. Updated May 2022.
Course Sequence by Term
The following is the suggested course sequence by term. Please keep in mind:
- Students should meet with an academic advisor to develop an individual education plan that meets their academic and career goals. Use the Degree Progress Report Tool in your Student Center to manage your plan.
- The course sequence is laid out by suggested term and may be affected when students enter the program at different times of the year.
- Initial course placement is determined by current district placement measures and/or completion of 100-200 level course and/or program requirements.
- Degree and transfer seeking students may be required to successfully complete a MCCCD First Year Experience Course (FYE) within the first two semesters at a MCCCD College. Courses include FYE101 and FYE103. Course offerings will vary by college. See an academic, program, or faculty advisor for details.
- Consult with your faculty mentor or academic advisor to determine educational requirements, including possible university transfer options, for your chosen career field.
Full-time Sequence
Full-time status is 12 credits to 18 credits per semester.
Term 1
| Course Number | Course Name | Requisites | Notes | Area | Credits |
|---|---|---|---|---|---|
| ENG101 or ENG107 |
First-Year Composition or First-Year Composition for ESL | FYC or FYC | 3 | ||
| REA270 | Basic Appraisal Principles | 2 | |||
| REA271 | Basic Appraisal Procedures | 2 | |||
| REA272 | Uniform Standards of Professional Appraisal Practice (USPAP) | 1 | |||
| MA | Mathematics | 3–6 | |||
| REA150 | Supervisory Appraiser/Appraiser Trainee | 1 | |||
| CIS105 | Survey of Computer Information Systems | CS | 3 | ||
| FYE101 or FYE103 |
Introduction to College, Career and Personal Success or Exploration of College, Career and Personal Success | 1–3 |
Term 2
| Course Number | Course Name | Requisites | Notes | Area | Credits |
|---|---|---|---|---|---|
| CRE101 | College Critical Reading and Critical Thinking | OR Equivalent as indicated by assessment | L | 0–3 | |
| ENG102 or ENG108 |
First-Year Composition or First-Year Composition for ESL | FYC or FYC | 3 | ||
| REA273 | Residential Market Analysis Highest And Best Use | 1 | |||
| REA274 | Residential Appraiser Site Valuation And Cost Approach | 1 | |||
| COM | Any approved General Education course in the Oral Communications area | COM | 3 | ||
| NS | Natural Sciences | 4 | |||
| PSY101 | Introduction to Psychology | OR Permission of Program Director | SB | 0–3 | |
| REA275 | Residential Sales Comparison and Income Approaches | 2 |
Term 3
| Course Number | Course Name | Requisites | Notes | Area | Credits |
|---|---|---|---|---|---|
| REA276AA | Residential Report Writing And Case Studies I | 1 | |||
| REA283 | Property Management | 3 | |||
| HU | Humanities, Fine Arts, and Design | 3 | |||
| PSY230 or (PSY230 and PSY231) |
Introduction to Statistics or (Introduction to Statistics and Laboratory for Statistics) | CS or CS | 3–4 | ||
| REA179 | Real Estate Principles I | Complete either (REA179 and REA180) OR REA201 | 0–3 | ||
| OAS108 | Business English | 3 |
Term 4
| Course Number | Course Name | Requisites | Notes | Area | Credits |
|---|---|---|---|---|---|
| REA281 | Principles Of Real Estate Law | 3 | |||
| REA180 or REA201 |
Real Estate Principles II or Real Estate Principles I and II | REA180 should be taken if REA179 was completed in Term 3 | 3–6 | ||
| REA290AH | Real Estate Seminar: Contract Writing | 0.5 | |||
| ECN211 or ECN212 |
Macroeconomic Principles or Microeconomic Principles | SB or SB | 3 | ||
| MKT271 | Principles of Marketing | 3 | |||
| REA282 | Real Estate Finance | 3 |
Course Area Key
- COM = Oral Communication
- CS = Computer/Statistics/Quantitative Application
- FYC = First Year Composition
- L = Literacy & Critical Inquiry
- SB = Social-Behavioral Sciences
Disclaimer
Students must earn a grade of C or better for all courses required within the program.
Course Sequence total credits may differ from the program information located on the MCCCD curriculum website due to program and system design.
View MCCCD’s official curriculum documentation for additional details regarding the requirements of this award (https://aztransmac2.asu.edu/cgi-bin/WebObjects/MCCCD.woa/wa/freeForm3?id=981551).
At Maricopa, we strive to provide you with accurate and current information about our degree and certificate offerings. Due to the dynamic nature of the curriculum process, course and program information is subject to change. As a result, the course list associated with this degree or certificate on this site does not represent a contract, nor does it guarantee course availability. If you are interested in pursuing this degree or certificate, we encourage you to meet with an advisor to discuss the requirements at your college for the appropriate catalog year.
Previous Catalog Years
The pathway map presented above is for the current catalog year and is the intended pathway map for new students. All previous catalog years for this pathway map are available at the link below.
Previous catalog years for Associate in Applied Science (AAS) in Licensed Residential Appraiser