The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Delaware Council of Real Estate Appraisers

We recommend that you contact the Council for more detailed information and for any law or regulation changes which may have occurred.

Levels of Licensure:

• Appraiser Trainee
• Licensed Real Property Appraiser
• Certified Residential Real Property Appraiser
• Certified General Real Property Appraiser

Licensure Requirements:

• Must be at least 18 years of age
• Must have a high school diploma or its equivalent
• Submit proof of completion of the educational requirements for each level of licensure
• Submit proof of completion of the experience requirements for each level of licensure
• Pass the state examination (no exam requirement for the Provisional Licensed Appraiser)
• For Certified Residential level: Provide proof of satisfactory completion of either a 2 year associates degree or higher, OR a total of 21 semester hours consisting of: English Composition; Principles of Economics, (either Macro or Micro); Finance; Algebra; Geometry or higher mathematics; Statistics; Computer Science; and either Business Law or Real Estate Law
• For Certified General level: Provide proof of satisfactory completion of either a 4 year bachelors degree or higher, OR a total of 30 semester hours consisting of: English Composition; Micro Economics, Macro Economics; Finance; Algebra; Geometry or higher mathematics; Statistics; Computer Science; and either Business Law or Real Estate Law.  Also must include any 2 or the following courses: Accounting; Geography; Agricultural Economics; Business Management. Or Real Estate
• Submit application, required documents, and associated fees

Education Requirements:

On February 20, 2004, the Appraiser Qualifications Board of The Appraisal Foundation adopted changes to the Real Property Appraiser Qualification Criteria that went into effect on January 1, 2008. These changes represent the minimum national requirements that each state must implement for individuals applying for a real estate appraiser license or certification as of January 1, 2008. The Real Property Appraiser Qualification Criteria and Interpretations of the Criteria provides in depth information on the new criteria and may be accessed by clicking the hyperlink or is available on The Appraisal Foundation website. The educational hour requirements for DE are:

• 75 hours for the Appraiser Trainees which consists of the following courses:
  • Basic Appraisal Principles (30 hours)
  • Basic Appraisal Procedures (30 hours)
  • The 15 Hour National USPAP course or its equivalent (15 hours)
• 150 hours for the Licensed Real Property Appraisers which consist of the courses required of the Trainee and the following courses:
  • Residential Report Writing and Case Studies (15 hours)
  • Residential Market Analysis and Highest & Best Use (15 hours)
  • Residential Appraiser Site Valuation & Cost Approach (15 hours)
  • Residential Sales Comparison & Income Approach (30 hours)
• 200 hours for the State Certified Residential Real Property Appraiser
• 300 hours for State Certified General Real Property Appraiser

Experience:

• Appraiser Trainee- no work experience requirement
• Licensed Real Property Appraiser - 2000 hours over at least 24 months since the first appraisal
• Certified Residential Real Property Appraiser - 2500 hours in over at least 24 months since the first appraisal
• Certified General Real Property Appraiser - 3000 hours in over at least 30 months since the first appraisal

Continuing Education:

• Licensees expire October 31st of odd number years
• No continuing education is required for fewer than 16 months of licensure
• Effective with the licensure period beginning November 1, 2007, fourteen (14) hours of continuing education are required after at least 6months but fewer than 24 months of licensure
• Twenty-eight (28) hours of continuing education are required after 24 months of licensure
• 7 hours must over the USPAP Update Course or its equivalent
• 2 hours must cover Delaware Law, Rules, and Regulations