Upgrade Your Michigan Real Estate Appraiser License

Move from a MI limited appraiser to a licensed appraiser with AQB-approved online appraisal courses

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Choose the Michigan online appraisal courses that are right for you

All individual Michigan appraisal courses are online, AQB-approved and conveniently available anytime, anywhere.

Residential Sales Comparison and Income Approaches

Format | Online Self-Paced

Credit Hours | 30

Category | Upgrade License

SKU | 558MI019001

$349.00

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Get an understanding of the fundamental concepts of appraising with this online appraisal course. It guides you through the different data that needs to be collected and reviewed during the appraisal process. This course explains how to use sales comparison grids and how to search for public comparable sales data in a computerized database. You'll learn the process and steps in the income appoach. Completion of Basic Appraisal Principles and Basic Appraisal Procedures courses are a prerequisite for this course. This course fulfills 30 hrs of the Real Property Appraiser Qualification Criteria for the Licensed Appraiser level.

Residential Market Analysis and Highest and Best Use

Format | Online Self-Paced

Credit Hours | 15

Category | Upgrade License

SKU | 558MI012001

$199.00

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This appraisal course prepares you to make solid decisions in the valuation process. You'll get a solid understanding of the interdependence within the application of market analysis. This online course meets the 15-hours of Real Property Appraiser Qualification Criteria for the Licensed Appraiser level. It highlights the association between cost, income capitalization and sales comparison (the three valuation concepts), highest and best use reasoning and analysis of the market. Prerequisites: Successful completion of Basic Appraisal Principles and Basic Appraisal Procedures.

Residential Report Writing and Case Studies

Format | Online Self-Paced

Credit Hours | 15

Category | Upgrade License

SKU | 558MI013001

$199.00

More Info

Want to produce professional, thorough appraisal reports? Then this appraisal course is for you! You'll get a crash-course on the numerous writing exercises needed to be a successful appraiser. This online course covers residential valuation procedures, numerous writing techniques, and a review of grammar and writing assignments focused around a residential case study. With is hands-on course, you'll retain information better as you complete the exercises, including: compiling of competent and practical narrative comments to be included in appraisal reports as well as how to interpret valuation procedures and conclusions for people who use the reports. You'll get 15 hours of Real Property Appraiser Qualification Criteria for the Licensed Appraiser level upon completion of this appraisal class.

Michigan Appraisal License Requirements

The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the LARA Department of Licensing and Regulatory Affairs. The information provided below can be found on the Board’s website. However, we recommend you contact the Board for more detailed information and for any changes which may have occurred.

Michigan Appraisal Licensure Levels:

  • Limited Real Estate Appraiser
  • State Licensed Real Estate Appraiser
  • Certified Residential Appraiser
  • Certified General Appraiser

Michigan Appraisal Licensure Requirements:

  • Must be at least 18 years of age
  • Must have a high school diploma or its equivalent
  • Must be of good moral character
  • Must meet the educational requirement for the applying level of licensure
  • Must meet the experience requirement for the applying level of licensure
  • For Certified Residential level:  A minimum of an Associate’s Degree OR 21 college semester hours in specific subject matters is also required
  • For Certified General level:  A minimum of a Bachelor’s Degree OR 30 college semester hours in specific subject matters is also required
  • Satisfactory completion of the state examination (Limited Real Estate Appraisers are not required to take a state exam)
  • Submit application, required documents, and associated fees

Michigan Appraisal Education Requirements:

  • 75 hours for the Limited Real Estate Appraiser which consist of the following courses:  Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30 hours), 15 Hour National USPAP Course or its equivalent (15 hours)
  • 150 hours for the State Licensed Real Estate Appraiser which include the same hour requirement as the Limited Real Estate Appraiser level AND:  Residential Market Analysis and Highest and Best Use (15 hours), Residential Appraiser Site Valuation and Cost Approach (15 hours), Residential Report Writing and Case Studies (15 Hours), Residential Sales Comparison and Income Approach (30 hours)
  • 200 Hours for the Certified Residential Real Estate Appraiser which consist of the same 150 hours of Licensed Residential Appraiser education AND:  Statistics, Modeling and Finance (15 hours), Advanced Residential Application and Case Studies (15 hours), Appraisal Subject Matter Electives (20 hours)
  • 300 hours for the Certified General Real Estate Appraiser which includes the same 200 hours for the Certified Residential Appraiser education AND:  Income Property Appraisal (60 hours), General Appraiser Report Writing and Case Studies (10 hours), General Appraiser Market Analysis and Highest and Best Use (15 hours)

Experience Requirements:

  • Limited Real Estate Appraiser – No experience requirement
  • State Licensed Real Estate Appraiser – 2000 hours including 1500 in residential experience in no less than 12 months
  • Certified Residential Real Estate Appraiser – 2500 hours including 1500 hours in residential experience in not less than 24 months
  • Certified General Real Estate Appraiser – 3000 hours in not less than 30 months with at least 1500 hours of experience in nonresidential appraisals

Michigan Appraisal Continuing Education Requirements:

  • Licenses expire on July 31 of the renewal year. New licenses issued after the first week in April will expire on July 31 of the following year
  • License renewals not received by July 31 can be renewed with submission of the regular renewal fee, plus a $20.00 late fee until September 29.  Beginning September 30 of the renewal year the licensee must apply for relicensure.  Licensees must take 28 hours of education during the two year renewal cycle
  • In accordance with the Appraiser Qualifications Board Criteria, effective July 1, 2013 Limited Real Estate Appraisers are required to complete 14 hours of approved continuing education from the date of licensure
  • To ensure that your renewal is processed timely, continuing education should be completed and reported to the department no later than May 30 of each renewal year, even though the deadline for continuing education is July 31 of each renewal year. The hours may be completed at any time during the 2-year renewal period, which begins August 1 of each renewal year
  • The 7-hour National USPAP course must be completed every renewal period.  Also, a 2-hour course on Michigan appraiser licensing law and rules must be completed every 2 years

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