If the Oregon job market has you looking for more financial stability than your current employer has to offer, you might consider a career with an Oregon real estate appraisal license. At a time when the real estate market is beginning to see recovery, the need for licensed real estate appraisers is greater than ever.
The Oregon real estate appraisal entry-level license is the Oregon Appraiser Assistant. For this first license, you must complete 75 hours of real estate appraisal courses. This includes the 15 USPAP hours that are required as a part of the educational hours needed for every level of Oregon real estate appraiser license and 60 hours of real estate appraisal courses.
Once you have completed the 150 real estate appraisal course hours, an additional 135 hours of approved real estate appraisal courses and have earned 2000 hours of verifiable appraisal experience, you qualify for your certification as an Oregon State Licensed Real Estate Appraiser. This is the last level of Oregon real estate appraisal license that you can earn without a college education. Higher levels of licensure require a college degree or course equivalent to qualify.
To become a Oregon State Certified Residential Real Estate Appraiser license you will need to have either an Associate’s Degree or 21 semester units in Business or Real Estate Law, English Composition, Principles of Economics, Finance, Algebra, Geometry (or a higher level of mathematics course), Statistics, and Computer Sciences. In addition to the required college education, there will be 200 hours of qualified appraisal courses including the USPAP 15 hours. The experience requirements at this level are 2500 appraisal hours within a two-year timeframe.
Earning an Oregon State Certified General Appraiser license requires that you have a Bachelors Degree, or 31 units that include the same courses required to obtain a State Residential Real Estate Appraiser license as well as two elective courses in accounting, geography, agricultural economics, business management, or real estate. The appraisal course requirements for this appraisal license level are 300 hours, which include the 15 USPAP hours. You will have to earn 3000 hours of appraisal experience, and 1500 hours must be in non-residential properties.
Professionals with an Oregon real estate appraiser licenses are in demand for more than just real estate sales transactions. Mortgage refinancing and home equity loans are just two examples of transactions that will require the services of licensed real estate appraisers to accurately estimate a property’s value. The opportunities available to individuals who have earned their Oregon real estate appraisal license are numerous, something that cannot be said of very many industries in todays shaky job market.
There has never been a time where properly calculating a property’s value been more in demand as it is right now. The post-mortgage crisis regulations that all appraisers must follow has level the field of opportunity for the experienced and the newly licensed. The timing is perfect for earning an Oregon real estate appraisal license.
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