Board of Certified Real Estate Appraisers Frequently Asked Questions 1. What does the Board mean by “Core Curriculum”? The Appraisal Subcommittee (ASC) establishes the minimum requirements for certification via the Appraisal Qualifications Board (AQB). They have determined that in order to become a: Certified General Real Estate Appraiser 300 hours in core curriculum courses must be completed: Certified Residential Real Estate Appraiser 200 hours in core curriculum courses must be completed: Registered Trainee 75 hours in core curriculum courses must be completed: 2. What is the timeframe in which the core curriculum hours must be completed? 150 hours out of the total hours required must have been completed within 5 years preceding the date of application. 3. How do I find/participate in core curriculum courses? Core curriculum and continuing education courses must first be approved by the Board of Certified Real Estate Appraisers and issued a unique course approval number. Providers of continuing education submit course approval applications for various courses to be reviewed/approved by the Board. Once approved, courses are updated to the Board’s Continuing Education Website. 4. What does the Board mean by “Experience”? The Appraisal Subcommittee (ASC) establishes the minimum requirements for certification via the Appraisal Qualifications Board (AQB). They have determined that in order to become a Certified General Real Estate Appraiser, a total of 3,000 hours of experience in property appraisal be completed in no fewer than 30 months. A minimum of 1,500 hours of experience must be related to non-residential appraising. To become a Certified Residential Real Estate Appraiser, a total of 2,500 hours of experience in property appraisal be completed in no fewer than 24 months. If applying by Examination, a copy of an appraisal review must be submitted along with the initial application to verify USPAP compliance. When filling out the “Work Log Verification” form (included at the end of the application), choose one work product from your work log to submit to the Board for review. The Board will need to review this work product before an applicant is approved to take the national examination. 5. Where can I find additional information on certification requirements? Statutes and regulations pertaining to certification requirements can be found at our website as well as on the applications. 6. If I am an out-of-state certified appraiser employed by a financial institution, do I have to obtain a certificate or courtesy license in order to conduct an appraisal in Alaska? No, Alaska does not require an appraiser be credentialed in Alaska to perform an appraisal or appraisal review, provided the appraiser does not represent her/himself as a certified appraiser, and the appraisal is not required by law. Per AS 08.87.100, it is considered a class B misdemeanor if an individual states that s/he is certified in Alaska when in fact they are not. 7. What is required for continuing education requirements? Licenses lapse on June 30th of odd-numbered years, at which time those who are certified must submit an application for renewal. Certified Real Estate Appraisers who have been licensed for at least two years must complete 28 hours of continuing education, including the required 7-hour USPAP course. Those who have been licensed for less than 2 years must complete 14 hours of continuing education, including the required 7-hour USPAP course. Only half of the required courses can be taken via online or distance methods. In other words, if you are licensed for at least 2 years, a maximum 14 hours of continuing education can be taken online. Trainees are not required to complete continuing education, but are required to submit a renewal if intending on maintaining trainee registration status. Core curriculum and continuing education courses must first be approved by the Board of Certified Real Estate Appraisers and issued a unique course approval number. Providers of continuing education submit course approval applications for various courses to be reviewed/approved by the Board. Once approved, courses are updated to the Board's Continuing Education Website. 8. Is it required to become registered as a trainee in Alaska? At its meeting on January 15th, 2016, the Board of Certified Real Estate Appraisers resolved to not require registration as a trainee in order for experience to count for certification as a general or residential appraiser. Documentation of work experience would still need to be completed on the work verification log provided by the Division. 9. What is the required course for Trainees and Supervisors? Trainee and Supervisory appraisers must participate in and submit a certificate showing completion of a Supervisory Appraiser/Trainee Appraiser course. The course must be previously approved by the Board of Certified Real Estate Appraisers. Note that this course is acceptable for qualifying education only, not continuing education. 10. How do I become a Board-approved supervisor? Certificate holders who have been licensed in Alaska for at least 3 years (and are in good standing) qualify to become a Board-approved supervisor. To submit an application, fill out form 08-4663, and include a copy of a certificate demonstrating completion of a Supervisory Appraiser/Trainee Appraiser course. Supervisory Appraisers are limited to no more than 3 trainees. 11. What is a supervisor responsible for? A Board-approved supervisor should become familiar with 12 AAC 70.935 (located in the statutes/regulations booklet). Supervisors are responsible for signing/certifying that appraisal reports are USPAP compliant, reviewing/signing the trainee’s appraisal report(s), inspecting appraised property until it is determined that the individual is competent to independently do so, and submitting a Determination of Competency form on behalf of the trainee. The Determination of Competency form is located within the Certified General Real Estate Appraiser application and Certified Residential Real Estate Appraiser Application. 12. Registered trainees must be supervised by a certified real estate appraiser—how do I find an approved supervisor? The licensing examiner keeps an internal list of Board-approved supervisors. Refer to the contact information for the examiner assigned to this program on the Board Home Page. A trainee can have unlimited supervisory appraisers. 13. I would like to add a supervisory appraiser and keep my current supervisory appraiser—how do I do this? The new supervisor must complete the required Supervisory Appraiser/Trainee Appraiser course and submit an application (form 08-4663), if not already a Board-approved supervisor. The trainee must then submit a Change of Supervisor form ( 08-4597). 14. I am currently a Trainee Appraiser—what additional qualifications do I need in order to transition to a certified general or residential real estate appraiser? Depending on whether you wish to transition to a Certified Residential Real Estate Appraiser, or Certified General Real Estate Appraiser, you will need to complete 225 or 125 additional core curriculum hours, respectively. A trainee transitioning to a residential real estate appraiser will need 2,500 total hours of experience; a trainee transitioning to a general real estate appraiser will need 3,000 total hours of experience in which no less than 1,500 hours is in non-residential work. Please see the respective applications 08-4663 and 08-4164) for a breakdown on core curriculum requirements. 15. Do I have to become registered as a Trainee before I become a certified real estate appraiser? It is not required to become registered as a Trainee, however, it is recommended that the trainee register with a supervisory appraiser and follow the criteria under that relationship. This is particularly helpful for the trainee to receive full experience credit when applying for certification. 16. I am currently a Certified Residential Real Estate Appraiser—what additional qualifications do I need in order to transition to a Certified General Real Estate Appraiser? An additional 100 hours related to general real estate appraising, 1,500 hours of general appraisal experience, passing score on the Certified General Real Property Exam, and transcripts showing completion of a college degree are required. The application for this transition is form 08-4163. 17. What do I need to know about applying for a courtesy license? Applicants should note that no more than 2 courtesy licenses can be issued within a 12-month period. A license verification from one state is sufficient and must be submitted directly from the state licensing agency/board to our office. These must be mailed, not e-mailed. The courtesy license is valid for a maximum of 180 days, after which time a copy of the appraisal report must be submitted to this office. The Board of Certified Real Estate Appraisers is required by the ASC to issue courtesy licenses within 5 days of the complete application. At the time of initial application, the properties listed will fall into one “assignment”, however, if the courtesy license applicant wishes to add a new property after the license has already been issued, the applicant will need to re-apply. 18. Are Appraisal Management Companies (AMCs) subject to regulations? No, regulations are being drafted now by the board’s task group; however, no "draft" regulations are available for dissemination. Regulations will be reviewed/approved by the board, then published for public comment, with enactment prior to the federally mandated implementation date. 19. Are background checks and/or fingerprints required as part of the application process for certification? Alaska Statute AS 12.62.400(a)(8) requires that applicants submit fingerprints for a background check, however, this has not yet been implemented in the Board’s specific program statutes and regulations yet. A change to this requirement is expected on or around January 1st, 2017. Currently, as part of the application process you will be asked for specific background details including criminal and disciplinary incidents which require explanations and may initiate investigations. 20. I have a concern about a certified appraiser, how do I file a complaint? Complaints are addressed via the Investigations Section. To file a complaint, fill out a “Request for Contact” form. The investigator assigned to the Board of Certified Real Estate Appraisal will conduct the investigation based on the information provided on the form. 21. What type of land appraisals is a Certified Residential Appraiser allowed to do? A Residential credentialed appraiser is allowed to appraise vacant or unimproved land that is utilized for one-to-four family purposes or for which the highest and best use is for one-to-four family purposes. The appraisal of subdivisions is not allowed where a development analysis/appraisal is necessary. 22. Am I allowed to take my core curriculum (qualifying education) and/or continuing education online? The Appraisal Qualifications Board allows an applicant for certification as a general, residential, or trainee appraiser to complete qualifying education online, so long as the course provides verbal or written communication from the instructor and if it is specifically approved by the AQB and the Alaska Board of Certified Real Estate appraisers. The Board will allow applicants to complete up to half of the hours required online, for both qualifying and continuing education. The AQB further requires that for qualifying education, online courses must include a closed-book proctored examination. An online continuing education course must be at least 2 hours in length and approved by the AQB, IDECC and the Board. 23. Is board approval required prior to scheduling an examination? If you are applying via examination, your application must be complete and a sample work product must be reviewed and approved by the board prior to scheduling an examination (see FAQ #4). Examinations are scheduled with our contracted testing service provider, Pearson Vue. You may be asked by a Pearson Vue representative to bring a copy of your board approval letter before taking the examination.