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:

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.

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

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	Area	Credits
ENG101 or ENG107	First-Year Composition or First-Year Composition for ESL	Prerequisites: Appropriate writing placement or a grade of C or better in ENG091 or ESL097. or Prerequisites: Writing test score or (C or better in ENG091 or ESL097or WAC101) or (B or better in ALT100) or (ALT100 & Corequisites: ENG101LL or ENG107LL or WAC101 or ENG100A+) or (ESL202 & Corequisites: ENG101LL or ENG107LL or WAC101 or ENG100A+).	FYC or FYC	3
REA270	Basic Appraisal Principles			2
REA271	Basic Appraisal Procedures	Prerequisites: A grade of C or better in REA270 or permission of Instructor.		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	Prerequisites: (A grade of C or better in ENG101 or ENG107) and (appropriate reading placement test score or a grade of C or better in RDG095 or RDG100 or RDG111 or RDG112 or RDG113 or permission of Instructor).	OR Equivalent as indicated by assessment	L	0–3
ENG102 or ENG108	First-Year Composition or First-Year Composition for ESL	Prerequisites: Grade of C or better in ENG101. or Prerequisites: A grade of C or better in ENG107.		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	Prerequisites: A grade of C or better in REA179 or permission of Instructor.			3
HU	Humanities, Fine Arts, and Design				3
PSY230 or (PSY230 and PSY231)	Introduction to Statistics or (Introduction to Statistics and Laboratory for Statistics)	Prerequisites: A grade of C or better in (PSY101 and eligibility for MAT14+ or higher as indicated by appropriate district mathematics placement) or permission of Instructor. or Prerequisites: A grade of C or better in (PSY101 and eligibility for MAT14+ or higher as indicated by appropriate district mathematics placement) or permission of Instructor. and Corequisites: PSY230.		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

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	Prerequisites: A grade of C or better in REA179 or permission of Department or Division.			3
REA180 or REA201	Real Estate Principles II or Real Estate Principles I and II	Prerequisites: A grade of C or better in REA179 or permission of Instructor. or No requisites	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	Prerequisites: A grade of C or better in REA179 or permission of Instructor.			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.