Real Estate Degree Review Program
What is it?
The Appraiser Qualifications Board (AQB) of The Appraisal Foundation has established a review program for college degrees in real estate to provide students with an alternative path to receive credit for the Required Core Curriculum in the Real Property Appraiser Qualification Criteria (Criteria)
. Instead of utilizing a course-by-course approval process the AQB will review a college/university’s graduate, undergraduate, or associate degree in real estate to determine how much of the Required Core Curriculum is met by graduates of the degree program and will identify areas where additional course work will be required (the 15-Hour National USPAP Course is one possible example).
Highlights of the program include the following. Read our Fact Sheet (below) for more highlights and information:
- “Retroactive” approval - the program will be approved retroactively back to the date in which the current program was established
- Graduates of approved programs may receive up to 300 hours (based on the degree content) of qualifying education credit toward a real property appraiser credential
Under this program, the AQB analyzes degrees in real estate to determine how the education required to obtain a degree can be applied to the Required Core Curriculum
in the Real Property Appraiser Qualification Criteria
. The results of the review are published for state appraiser regulatory agencies to use when reviewing the educational qualifications of applicants that hold such degrees.
Schools that participate in this degree review program offer their students a pathway straight into a meaningful career after college, at no additional cost to the university
, and students graduate with a real estate related degree that gives them a significant portion of the educational requirements needed to advance into the appraisal industry. Approvals last for 3 years and programs can be renewed every 3 years provided no changes are made to the program.
AQB approval of a degree in real estate is not a guarantee of acceptance by any individual state appraiser regulatory agency. Individual jurisdictions have rights to establish criteria that are greater or more stringent than that established by the AQB. As a result, a state regulatory agency may elect to not accept the AQB’s analysis of a college’s degree program. Applicants considering entering a degree program in real estate should make sure to check with their respective state appraiser regulatory agency prior to enrolling to determine that particular jurisdiction’s policies pertaining to this issue.