Graduate/Undergraduate Degree in Real Estate Review Program
The Appraiser Qualifications Board (AQB) of The Appraisal Foundation established a review program for graduate and undergraduate degrees in real estate.
The AQB is responsible for setting the minimum education, experience and examination criteria for real property appraisers in the United States. Over the years, it has become evident that individuals obtaining undergraduate and graduate degrees in real estate from accredited institutions of higher learning have invested significant effort to become educated in core real estate and appraisal subject matter.
As a result, the AQB will analyze graduate and/or undergraduate 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 AQB intends to perform these analyses on current graduate and undergraduate degrees, and will publish the results for state appraiser regulatory agencies to use when reviewing the educational qualifications of applicants that hold such degrees.
AQB approval of a graduate or undergraduate 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 university’s degree program. Applicants considering entering an graduate or undergraduate degree program in real 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.