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

Offered At
Mesa
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
2024-2025
Effective Term
Summer 2024
Notes

Students must earn a grade of C or better in all courses within the program.

What You'll Learn

This pathway map will help you gain the expertise needed to:

  1. Explain the nature, importance, and purposes of residential real estate appraisal.
  2. Collect, analyze, and interpret data in preparation for completing a URAR form.
  3. Communicate effectively orally and in writing with a diverse audience.
  4. Employ ethical practices and standards according to the Uniform Standards of Professional Appraisal Practice (USPAP).
  5. Demonstrate a proficiency in all three approaches to value: Cost approach, income approach, and data approach.
  6. Write a form appraisal report using all the three approaches to value, site analysis, economic analysis, and reconciliation.
  7. Describe both social and economic determinant of value.
  8. Examine case studies related to the appraisal process.

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.

* 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 Pathway Planner 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

A sequence of suggested courses that should be taken during 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

A sequence of suggested courses that should be taken during 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

A sequence of suggested courses that should be taken during 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 and 3–4
REA179 Real Estate Principles I Complete either (REA179 and REA180) OR REA201 0–3
OAS108 Business English 3

Term 4

A sequence of suggested courses that should be taken during 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
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.