The Appraisal Subcommittee (ASC) established under (Financial Institutions Reform, Recover, and Enforcement Act (FIRREA) supports the activities of its Appraiser Qualifications Board (AQB) and Appraisal Standards Board (ASB). The ASC recognizes State licensed appraiser, State certified appraiser, and Trainee real property appraiser designations and the qualifications established by the AQB. The State of Delaware had adopted by reference the qualifications established under FIRREA and by the AQB of the Appraisal Foundation along with any subsequent amendments. 24 Del. C.§2936.

AQB Appraiser Qualifications

A. Certified General Real Property Appraiser - applies to the appraisal of all types of real property

1. Education - 180 cumulative classroom hours which shall include 15 classroom hours of USPAP (prerequisite for taking examination)

2. Experience - 3000 hours of appraisal experience over at least 30 months of which at least 1500 hours must be in non-residential appraisal work. Residential is defined as one to four residential units.

3. Examination - AQB endorsed Uniform State Certified General Real Property Appraiser Examination or its equivalent

4. Continuing education - 28 hours during a 2- year licensure cycle

Note: Delaware Regulation 2.3.2 requires that at least four (4) of those hours must relate to USPAP.

B. Certified Residential Real Property Appraiser - applies to the appraisal of one to four residential units without regard to transaction value or complexity

1. Education - 120 cumulative classroom hours which shall include 15 classroom hours of USPAP (prerequisite for taking examination)

2. Experience - 2500 hours of appraisal experience over at least 24 months

3. Examination - AQB endorsed Uniform State Certified Residential Real Property Appraiser Examination or its equivalent

4. Continuing education - 28 hours during a 2-year licensure cycle

Note: Delaware Regulation 2.3.2 requires that at least four (4) of those hours must relate to USPA.
C. Licensed Real Property Appraiser - applies to the appraisal of non-complex one to four residential units having a transaction value less than $1,000,000 and complex one to four residential units having a transaction value less that $250,000

1. Education - 90 cumulative classroom hours which shall include 15 classroom hours of USPAP (prerequisite for taking examination)

2. Examination - AQB endorsed Uniform State Licensed Real Property Appraiser Examination or its equivalent

3. Experience - 2000 hours of appraisal experience

4. Continuing education - 28 hours during a 2-year licensure cycle

Note: Delaware Regulation 2.3.2 requires that at least four (4) of those hours must relate to USPAP

D. Real Property Appraiser Trainee

1. Education - 75 classroom hours including 15 hours of USPAP

2. Examination - none

3. Experience - none

4. Continuing education - 28 hours during a 2-year licensure cycle

Note: Delaware Regulation 2.3.2 requires that at least four (4) of those hours must relate to USPAP

5. Under the supervision of a Delaware certified or licensed real property appraiser.

While this Informational Supplement is regularly updated, you can obtain the most current and complete information relating to the qualifications and interpretations from the Appraisal Qualifications Board of the Appraisal Foundation at 1029 Vermont Ave., NW Suite 900, Washington, DC 20005-3517 or at its web site www.appraisalfoundation.org