Question

Appraiser Jones appraises non-complex one-to-four unit residential properties, and non-residential properties with a transaction value up to $250,000. What is this appraiser's level? How many hours of appraiser education was completed? A: Certified Residential License, 150 hours B: Certified Residential Real Estate Appraiser, 150 hours C: Certified Residential Real Estate Appraiser, 200 hours D: Certified General Real Estate Appraiser, 300 hours

Answer 1

C: Certified Residential Real Estate Appraiser, 200 hours

Step-by-step explanation:

The current Appraisal Qualifications Board (AQB) minimum education criteria for Appraisal Education Hours to obtain Certified Residential Real Estate Appraiser is 200 hours.

The Certified Residential Real Estate Appraiser is allowed to appraise 1-4 residential units no matter transaction value or complexity.

Since the non-complex one-to-four unit residential properties, and non-residential properties with a transaction value up to $250,000 are appraised by Appraiser Jones, this implies that Appraiser Jones is a Certified Residential Real Estate Appraiser who completed 200 hours.

Therefore, the correct option is C: Certified Residential Real Estate Appraiser, 200 hours.