Are you interested in becoming an appraiser in Mississippi? If so, you’ve come to the right place. This step-by-step guide will walk you through all the requirements and processes involved in becoming an appraiser in the state.
How to Become an Appraiser in Mississippi
In order to become an appraiser in Mississippi, you must meet certain educational, experience and examination requirements. These requirements are set by the Mississippi Real Estate Appraiser Board (MREAB).
The first step in the process is to complete the appropriate educational courses and pass the exam. The MREAB requires all applicants to take the Appraisal Qualifying Education courses and pass the National Uniform Standards of Professional Appraisal Practice (USPAP) exam.
The educational requirements depend on the type of appraisal you plan to do. If you are considering becoming a general appraiser, you must complete a minimum of 300 hours of qualifying education. This includes courses in appraisal principles, report writing, statistics, economics, and real estate law.
If you are looking to become a residential appraiser, you must complete a minimum of 150 hours of qualifying education. This includes courses in appraisal principles, report writing, and real estate law.
Once you have completed the educational requirements, you must take and pass the USPAP exam. This is a two-part exam, and you must pass both parts in order to become a certified appraiser in Mississippi.
Appraisal Experience Requirements in Mississippi
In addition to the educational requirements, the MREAB requires all applicants to have a certain amount of appraisal experience. This experience must be obtained from a qualified supervisory appraiser.
To become a general appraiser, you must have a minimum of 2,500 hours of appraisal experience. This experience must be obtained over a period of no less than 24 months.
To become a residential appraiser, you must have a minimum of 1,500 hours of appraisal experience. This experience must be obtained over a period of no less than 12 months.
Licensing Requirements in Mississippi
Once you have met the educational and experience requirements, you must apply for a license from the MREAB. To do this, you must complete the application form and submit it to the MREAB.
You must also submit proof of your educational qualifications, experience, and examination results. You must also submit a criminal background check and a copy of your professional liability insurance policy.
Once your application has been approved, you will receive your license and be able to practice as an appraiser in Mississippi.
Frequently Asked Questions About How to Become an Appraiser in Mississippi
What are the educational requirements to become an appraiser in Mississippi?
The educational requirements depend on the type of appraisal you plan to do. If you are considering becoming a general appraiser, you must complete a minimum of 300 hours of qualifying education. If you are looking to become a residential appraiser, you must complete a minimum of 150 hours of qualifying education.
Do I need to take an exam to become an appraiser in Mississippi?
Yes, you must take and pass the USPAP exam in order to become a certified appraiser in Mississippi. This is a two-part exam, and you must pass both parts in order to become a certified appraiser in Mississippi.
How much experience do I need to become an appraiser in Mississippi?
To become a general appraiser, you must have a minimum of 2,500 hours of appraisal experience. To become a residential appraiser, you must have a minimum of 1,500 hours of appraisal experience.
What documents do I need to submit to apply for a license?
You must submit proof of your educational qualifications, experience, and examination results. You must also submit a criminal background check and a copy of your professional liability insurance policy.
Conclusion
Becoming an appraiser in Mississippi can be a rewarding and lucrative career. However, there are certain educational, experience and licensing requirements that you must meet in order to become an appraiser in the state. This guide has provided an overview of the process and the requirements you must meet in order to become an appraiser in Mississippi.
