About the LREAB
After I receive my license as an Appraiser Trainee, am I limited to the types of property I can appraise?
The scope of work for the Appraiser Trainee is the appraisal of those properties that his or her supervisory appraiser is licensed to appraise.
About the LREAB
As a licensed Real Estate Appraiser Trainee, will I be subject to continuing education?
In order to renew your license, you must complete 28 hours of continuing education in courses that have been approved by the board, including the mandatory 7-Hour National USPAP Update Course.
About the LREAB
Can qualifying education course work be completed through distance education and, if so, is there a limit to the number of hours one can take online?
The board has approved several education providers who offer qualifying education courses online. There is no limit to the number of hours that can be completed through distance learning.
About the LREAB
I am interested in becoming licensed as a Real Estate Appraiser Trainee, but have been unable to find a State Certified Real Estate Appraiser willing to supervise me. Can I receive a license without a supervisory appraiser?
No. Real Estate Appraiser Trainees must work under the direct and personal supervision of a Certified General/Certified Residential Appraiser in good standing with the board. Bear in mind that your supervising appraiser need not reside in the same community as you. You are also permitted to have more than one supervisory appraiser.
About the LREAB
I am interested in becoming licensed as an appraiser, but have been convicted of a felony. How does this affect my application?
Prior to enrolling in any required appraisal classes, it is recommended that you contact the Investigative Division to discuss this issue. The board has the authority to determine whether or not you will be allowed to proceed with your application to obtain your appraiser license and has implemented specific procedures which must be followed. Notice of the right to petition for a determination of eligibility prior to meeting application or other general license requirements. (Per Act 486 of the 2022 Regular Session)
About the LREAB
I am training under a CRA. Although I now appraise the residential properties without assistance, one of our clients will not allow trainees to sign the report. How can I receive experience credit for those reports I cannot sign?
Standards Rule 2-2 of the Uniform Standards of Professional Appraisal Practice (USPAP) requires anyone providing significant professional assistance in the preparation of an appraisal report to either sign the report or be named as having provided such assistance, the extent of which must be defined in the signed certification disclosure. Thus, your supervising appraiser must identify your exact contribution of work in the appraisal report certification.
About the LREAB
I completed the required number of qualifying education hours for the CRA license six (6) years ago, but never applied to sit for the CRA Examination. Will these hours be accepted for my Appraiser Trainee license?
Qualifying education hours must be obtained within the five-year period immediately preceding application for the license.
About the LREAB
I have two supervisory appraisers, one of whom is licensed as a CGA. I have passed the CRA Real Property Examination and am ready to submit my experience credit application to the board. Can I include my commercial appraisal reports for credit?
Commercial appraisals cannot be included for experience credit toward licensure as a Certified Residential Real Estate Appraiser.
About the LREAB
I passed the Certified Residential Appraiser Examination on June 15, 2002 and obtained my trainee license when the new law was implemented. If I am unable to satisfy the experience requirement by June 15, 2004, will I be required to retake the exam?
Yes. Subsection 3398.B of the Louisiana Real Estate Appraiser Law requires any applicant not licensed within two years of passing the examination to retake and pass the test.
About the LREAB
Must my supervising appraiser also sign on appraisals that are not being prepared for loan purposes?
Yes. Any appraisal report prepared by you must also include the signature of your supervisory appraiser.
About the LREAB
Must my supervisory appraiser accompany me to inspect the properties I will be appraising?
If your supervisor feels you are competent to appraise the properties on your own, it is not necessary that he or she accompany you, although this must disclosed in the appraisal report.
About the LREAB
Prior to mandatory licensing, I completed approx. 200 residential appraisals under the supervision of a CRA. I am aware that I must now have a license. Will I be able to claim the appraisals done prior to 8/15/03 for experience credit toward a CRA license?
Provided the appraisals comply with the Uniform Standards of Professional Appraisal Practice (USPAP), they may be applied toward the experience requirement.