Real Estate Appraiser resources for Illinois
Real Estate Appraiser Information for the State of Illinois
Real estate appraisers are required to be licensed, per Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989. This act required that each of the states establish an agency for the licensure, certification, and regulation of appraisers.
In Illinois, the Illinois Department of Financial and Professional Regulation (IDFPR) is in charge of this oversight.
There are three classifications of real estate appraiser in the State of Illinois. These classifications are:
- Associate Real Estate Trainee Appraiser
- Certified Residential Real Estate Appraiser
- Certified General Real Estate Appraiser
Those new to a career in real estate appraisals must begin as a Associate Real Estate Trainee Appraiser. There is no experience required. However, it is necessary to complete the state required coursework to become a Associate Real Estate Trainee Appraiser. The trainee must then work under a supervisor for a specified number of hours in order to be eligible to become a licensed or certified appraiser.
Please see the links below for additional resources:
Visit our page that provides an overview of appraisal classifications and requirements.
Visit the website for Illinois Department of Financial and Professional Regulation to view Illinois specific requirements.
Online Courses for Illinois Appraisers
Appraiser Sidekick is partnering with Mbition to offer online appraisal courses.
Use the buttons below for the type of real estate appraisal course that you are interested:
Qualifying EducationContinuing EducationUpgrade License
Real Estate Appraisal Career Information from the Appraiser Sidekick Blog
Continuing Education Requirement for Real Estate Appraisers
Continuing education (CE) is an ongoing requirement for real estate appraisers set by the Appraiser Qualifications Board (AQB). The purpose is to ensure that appraisers stay up to date on changes within the appraisal profession and to promote training on appraisal...
How do I find a supervisor to train me?
"How do I find a supervisor to train me?" This is one of the most common questions that prospective appraisers ask us. Although the question is asked in different ways, the idea is always the same: if you are interested in a career in real estate appraising or have...
7 Great Reasons to Become a Real Estate Appraiser
Are you considering becoming a real estate appraiser, but not sure if it's right career for you? Appraising can be an interesting and rewarding career. The career outlook for real estate appraisers is excellent. Real estate appraising isn't for everyone. Some...
3 Types of Courses for Real Estate Appraisers
Education is critical in the real estate appraisal profession. Real estate appraisers need to take courses to become an appraiser, and also to maintain an appraiser license or certification. There are three primary categories of courses for real estate...
Classroom vs Online vs Home Study Schools for Real Estate Appraisers
Taking courses is a requirement for all real estate appraisers as they prepare to enter an appraisal career, and after they become appraisers. These courses can be taken in a classroom, online, or with materials mailed for home study. The three types of courses a...
Requirements for Career in Appraisals Means Higher Income
Appraiser Sidekick projects that the earnings for appraisers will increase significantly in the future due to supply and demand. There are three factors that contribute to the high demand for appraisers, that will exceed the supply of appraisers. Factor 1. Job growth...
Job Outlook for Real Estate Appraisers
The job outlook for real estate appraisers is very good. Although the demand for real estate appraisers varies from state to state, and is cyclical in line with the housing market, there is a growing need for appraisers due to more housing, more commercial...
7 Skills That Real Estate Appraisers Need
A profession as a real estate appraiser requires certain skills of an individual in order for them to be successful. The application of the skills can be learned during the required coursework and training prior to becoming a licensed appraiser. The skills to be an...
How Much Income Do Real Estate Appraisers Earn?
According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for real estate appraisers and assessors was $51,860, as of May 2015. The top 10% of all appraisers earned more than $97,080. (*Median means 50% of population is higher and 50% of...
Types of Jobs for Real Estate Appraisers
Interested in a career in real estate appraisals? Many people considering entering into a career in real property appraisals ask about the type of jobs available for appraisers. You have researched the requirements for your state, and the courses you need to take. ...