The Residential Accredited Appraiser (RAA) designation is awarded to appraisers whose education and experience exceed state appraisal certification requirements and is supported by the NATIONAL ASSOCIATION OF REALTORS.
CRITERIA for the designations are:
REALTOR or Institute Affiliate membership in the NATIONAL ASSOCIATION OF REALTORS®. An Institute Affiliate member must be a designee of one of the following 5 NAR affiliates: IREM, CCIM Institute, RLI, CRE or SIOR.
State Certified Residential or General Appraiser for RAA designation (In those few states where the Certified Residential classification is unavailable, the requirement is state Licensed for the RAA designation.)
A minimum of 1,000 hours experience in addition to the experience required to obtain state certification.
Tested education: 45 hours of tested course work in addition to the Appraiser Qualification Board's education requirement at the time of certification.
A one time application fee of $100.00 per designation (which includes a non-refundable processing fee of $25.00), PLUS the quarterly prorated amount of the $100 annual maintenance fee for each designation, as listed below:
First Quarter (January - March): $100 Second Quarter (April - June): $75 Third Quarter (July -September): $50 Fourth Quarter (October - December): $25 For ensuing years, the fee is $100 annually for designation maintenance
The program was approved by NAR's Board of Directors at the 1993 Annual Convention. The first designations were awarded at the 1994 Midyear Meeting with approximately 1,100 members maintaining one or both designations.
Appraisal Designations Fast Track Program
Appraisers who are members of the National Association of REALTORS® (NAR) and hold designation in qualifying NAR Affiliate organizations, (ALC, CCIM, CPM, CRE, CRS, SOIR) may attain the Residential Accredited Appraiser (RAA) appraisal designations on an accelerated or Fast Track basis.
Be a member of NAR as either a REALTOR® or an Institute Affiliate member
Hold a qualified Affiliate designation
Hold a current state certified appraisal license
Designation education is accepted in lieu of additional appraisal education for ALC, CCIM, CPM, CRE, CRS, or SIOR designees
Complete and submit the official Fast Track application
Include a letter from the NAR Affiliate organization that verify the status as a member in good standing
Include a letter from the local Association of REALTORS® that verifies status as a member in good standing
Submit the application fee of $100 for each designation requested
To Find Residential Accredited Appraiser Training:
To find training for the Residential Accredited Appraiser designation, go to the “Designation/License” section of the search box below, then select “Residential Accredited Appraiser” and the appropriate state.
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