College of Southern Maryland
8730 Mitchell Rd
PO Box 910
La Plata, MD 20646-0910
Home Appraisers start at $25,000 and earn up to $74,800 dependent upon experience.
|Financial Assistance is available for this program|
A Real Estate Appraiser provides objective and unbiased opinions about the value of real property-providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate. Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data, and develop opinions of value. Most appraisers are self-employed, business owners.
Real Estate Appraiser
To sit for the Maryland Licensed Real Estate Appraiser exam, applicants must meet additional education requirements along with the 150 hours of classroom training. For additional information, please visit the Maryland Commission of Real Estate Appraisers and Home Inspectors website: www.dllr.state.md.us/license/reahi/reahireq.shtml.
|REL 5040 Real Estate: Appraisal Principles & Procedures||60|
|REL 5050 Real Estate: Appraisal Practices and Analyses Part 1||30|
|REL 5060 Real Estate: Appraisal Practices and Analyses Part 2||45|
|REL 5020 Real Estate: Appraisal Standards and Ethics||15|
In addition to the 150 hours of classroom training required, workers must complete at least 2,000 hours of appraisal work experience with a licensed appraiser over a period of at least two calendar years (24 months) and pass the Maryland State Real Estate Appraisers examination to become licensed.
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“Employment of appraisers will grow with increases in the level of real estate activity. Additionally, more appraisers will be hired to help with litigation claims, probate cases, foreclosures, business valuations, and divorce settlements.”
Source: U.S. Department of Labor, Bureau of Labor Statistics