BECOMING A PROFESSIONAL REAL PROPERTY APPRAISER
The process to attain professional appraiser status involves both formal education and on the job training. The first step is to become a Candidate Member (CM) where you will undertake a minimum of two years of practical training and extensive appraisal education leading to advancement to Designated Appraiser Residential Member (DAR). This will enable you to complete all residential appraisal assignments of properties consisting of no more than four residential dwellings.
DAR members can advance to Designated Appraiser Commercial (DAC) by completing further education and experience requirements. The DAC designation permits you to complete any appraisal assignment.
Both DAR and DAC members can advance to Certified Appraisal Reviewer by completing the Review Appraiser Program. This professional designation permits you to become a CNAREA Supervisor and complete any type of appraisal review assignment.
Candidate Member Requirements:
- 18 years of age
- have a high school diploma at the university entrance level
- not have a criminal record
- must successfully complete the CAAT Pre-Qualification Exam
Designated Appraiser Residential Requirements:
- completion of 3000 hours of full time appraisal experience under the training of a qualified Supervisor, over a minimum of 2 years
- completion of 300 classroom hours of specified appraisal education (administered by CNAREA)
- successfully complete the DAR final examination
Designated Appraiser Commercial Requirements:
- hold the DAR professional designation (or equivalent)
- completion of 5 years full time appraisal experience
- completion of 400 classroom hours of specified appraisal education (administered by CNAREA)
- successfully complete the DAC final examination
Certified Appraisal Reviewer Designation Requirements:
- hold the DAR or DAC professional designation.
- completion of 33 classroom hours of specified review appraisal education
- successfully complete the review program final review examination and examination report