Upgrade Your New Mexico Real Estate Appraiser License

Move from a NM appraiser trainee to licensed level with AQB-approved online appraisal courses

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Choose the New Mexico online appraisal courses that are right for you

All individual New Mexico 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 | 558NM019001

$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 Appraiser Site Valuation & Cost Approach

Format | Online Self-Paced

Credit Hours | 15

Category | Upgrade License

SKU | 558NM011001

$199.00
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Gain confidence in your appraisal valuation skills! This online appraisal course provides a more in-depth dive into appraisal valuation concepts and cost approach applications. You'll develop a stronger understanding of the cost approach process with step-by-step examples of applying this appraisal value method. Course highlights include: interview methods and tips, market extraction, and data sources from professional services. Prerequisities: Basic Appraisal Principles and Basic Appraisal Procedures.

Residential Market Analysis and Highest and Best Use

Format | Online Self-Paced

Credit Hours | 15

Category | Upgrade License

SKU | 558NM012001

$199.00
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Dive into residential market analysis with this online appraisal continuing education course. You'll get a deeper understanding of how to read, map and analyze a market area by applying highest and best use practices. Learn three approaches in appraisal valuation, including: sales comparison, cost and income capitalization. You'll gain insight into the connection between highest and best use analysis, market analysis, and the three approaches to real estate valuation. 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 | 558NM013001

$199.00
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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.

OnCourse Learning Publishing

The Path to Success Begins with Knowledge

Basic Real Estate Appraisal, 9th Edition (E-Book)

Basic Real Estate Appraisal, 9th Edition (E-Book)

Format | Download

Category | Textbook

SKU | 9781629800448

$67.10
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Written by instructors for instructors, Basic Real Estate Appraisal covers the fundamentals of the appraisal business, making concepts accessible for aspiring real estate appraisers. It also helps real estate salespeople, brokers, consumers, investors, and all others seeking a better understanding of the role of appraisers in today’s real estate market. This ninth edition reflects the major changes in appraising and appraisal regulations in recent years, including changes to the Uniform Standards of Professional Appraisal Practice (USPAP) in the 2014–2015 Edition, as well as those approved for the 2016–2017 Edition. This edition also addresses the Uniform Appraisal Dataset (UAD) and the Market Conditions Addendum used in single-family residential appraisals for lending purposes.

New Mexico Appraisal License Requirements

The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the New Mexico Regulations & Licensing Department - Board of Real Estate Appraisers. 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.

New Mexico Appraisal Licensure Levels:

  • Apprentice
  • Licensed Real Estate Appraiser
  • Certified Residential Real Estate Appraiser
  • Certified General Real Estate Appraiser

New Mexicao Appraisal Licensure Requirements:

  • Must be at least 18 years of age
  • Must have a high school diploma or its equivalent
  • Possess good 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
  • Submit application, required documents, and associated fees

New Mexico Appraisal Education Requirements:

  • 75 hours for the Apprentice 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 Licensed Real Estate Appraiser which include the same hour requirement as the Apprentice 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 Real Estate 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 Real Estate 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:

  • Apprentice – No experience required
  • Licensed Real Estate Appraiser – 2000 hours in no less than 12 months
  • Certified Residential Real Estate Appraiser – 2500 hours in no less than 24 months
  • Certified General Real Estate Appraiser – 3000 hours in no less than 30 months with at least 1500 hours of experience in nonresidential appraisals

New Mexico Continuing Education Requirements:

  • All license expire on April 30th two years after the original license was issued 
  • Appraisers must complete 32 hours of continuing education within the two year cycle
  • 7 hours must cover the USPAP Update course or its equivalent 
  • 4 hour must cover the Board approved Renewal Update course
  • Only 14 hours may be obtained via distance education

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