Calling everyone that wants to be a real estate appraiser in Rhode Island.
To begin this new career, you first need a strong foundation.
This is why it’s so important to get quality education.
And that’s what we’re here for.
Today, we’re going to list the best real estate appraisal courses in Rhode Island. We’ll review each provider so you can decide which is the best for YOU.
Plus, we’ll list down the education requirements for all the appraisal levels in the state.
So are you ready?
Let’s dive right in!
What are the Best Real Estate Appraisal Courses in Rhode Island?
These are the best real estate appraisal courses in Rhode Island:
- McKissock Learning
- Appraisal Institute
- Dynasty School
- Rhode Island Association Of Realtors (Riar)
- Lee Institute School of Real Estate
Rest assured, all these schools are RI Board of Appraisers-approved, legit, and high-quality.
Now, let’s review them one by one.
McKissock Learning
McKissock is the leading online education provider for approved appraisal courses, not just in Rhode Island, but the whole US.
In fact, many appraisal schools are in partnership with McKissock. So you’re likely to end up taking one of their courses even if you enroll in another school.
This is because McKissock offers a wide range of appraisal courses, from qualifying to continuing education. Plus, its courses cover the latest developments in the field, as well as all the changing rules and regulations.
For its qualifying education (QE) in Rhode Island, you can select online or Livestream packages.
The online packages allow you to complete your studies at your own pace. You can study whenever you want, wherever you want.
Here are the online packages you can choose from:
- RI QE Unlimited Learning Subscription – this is recommended for students who want to get their first appraiser license OR those who want to upgrade their existing appraisal license. Here, you get a whole lot of resources, including a 1-year unlimited access, an online appraisal community, 300 hours of QE and CE courses, and so much more.
- 79-hr TR Get Started Package – as the name suggests, this is the package to get started. You will get the required QE courses, including the Supervisor-Trainee Course (USPAP), the required proctored exam, customer support, and more.
You can also go for McKissock’s exclusive Livestream packages. This allows you to study online but with a more traditional classroom setup.
At the moment, they offer 2 Livestream packages that come with experienced instructors, all the required courses, proctored exams, completion certificates, etc.
Appraisal Institute
The Appraisal Institute is a worldwide appraiser association with some of the best appraisals out there.
The goal of this association is to empower appraisers through community, credentialing, education, a body of knowledge, and ethical standards.
You can choose to become a member to take part in networking, education programs, discounts, and so much more.
But if you only want to fulfill your Rhode Island QE courses, then you can do that, too. And yes, you don’t need to become a member.
What’s great about the Appraisal Institute is that you can choose from several learning formats.
You can study your QE courses through classroom education programs from the Massachusettes, Rhode Island, and Maine Chapter.
If you’re looking for convenience and flexibility, then you can go for online education.
What’s more, you can also pick Livestreams or webinars.
So whichever way you want to learn, you can get it with Appraisal Institute. Plus, it’s a great place to advance your career.
Dynasty School
Dynasty School is another approved online real estate appraisal course provider in Rhode Island.
As we mentioned, a lot of schools partner with McKissock. And Dynasty School is one of those schools.
With this partnership, Dynasty School can now offer complete QE courses.
So why not choose McKissock instead?
Well, with Dynasty School, you can get a few discounts.
If you have a friend or partner who you want to take the course with, you’ll be eligible to take their 15% discount offer for two (Coupon Code: “group2 ”). However, they may require an additional fee if you need to request multiple Completion Certificates.
You can also opt to pay for their course packages monthly. With this, you pay $100 every month until you complete the payment for whichever package you choose.
If you want to take advantage of those discounts, as well as have a great education from McKissock, then Dynasty School is a good choice.
Rhode Island Association Of Realtors (Riar)
Rhode Island Association of Realtors® is a local facility located at 100 Bignall St, Warwick, RI 02888, USA.
It is currently approved to offer Basic Appraisal Principles (offered as part 1 & part 2) ONLY. Other required courses can be completed online.
For the online course, RIAR partnered with McKissock to offer all Qualifying Appraisal courses. So this is another school that relies on McKissock’s quality education.
Lee Institute School of Real Estate
Lee Institute School of Real Estate offers live instruction for Salespersons, Brokers, Appraisers, Mortgage, and Home Inspection courses. They offer it in various locations and convenient times, including weekend classes.
Though originally from Massachusetts, this school just recently started offering real estate appraisal courses in Rhode Island.
The Lee Institute is one of only a few licensed schools in New England approved to offer real estate appraisal courses in Massachusetts, Connecticut, Maine, Rhode Island, and New Hampshire.
Appraisal Education Requirements in Rhode Island
What level appraiser are you?
How do you upgrade your appraiser license?
Well, let’s look at all the appraisal education requirements in Rhode Island.
Appraiser Trainee
- Qualifying Education: 75 QE Hours.
- Basic Appraisal Principles – 30 hrs.
- Basic Appraisal Procedures – 30 hrs.
- 15-hour National USPAP Update or Equivalent.
- Experience: N/A
College Education: N/A
Licensed Appraiser
- Qualifying Education: 150 QE Hours.
- Basic Appraisal Principles – 30 hours.
- Basic Appraisal Procedures – 30 hours.
- 15-hour National USPAP or Equivalent.
- Residential Market Analysis & Highest and Best Use – 15 hours.
- Residential Appraiser Site Valuation and Cost Approach – 15 hours.
- Residential Sales Comparison and Income Approaches – 30 hours.
- Residential Report Writing and Case Studies – 15 hours.
- Experience: 1,000 hours of acceptable appraisal experience in more than 6 months.
- College Education: No college-level education is required.
Certified Residential Appraiser
- Qualifying Education: 200 QE Hours.
- Basic Appraisal Principles – 30 hours.
- Basic Appraisal Procedures – 30 hours.
- 15-hour National USPAP or Equivalent.
- Residential Market Analysis & Highest and Best Use – 15 hours.
- Residential Appraiser Site Valuation and Cost Approach – 15 hours.
- Residential Sales Comparison and Income Approaches – 30 hours.
- Residential Report Writing and Case Studies – 15 hours.
- Statistics, Modeling, and Finance – 15 hours.
- Advanced Residential Applications and Case Studies – 15 hours.
- Appraisal Subject Matter Electives – 20 hours.
- Experience: 2,500 hours of acceptable appraisal experience in more than 24 months. 1,500 hours should be in no fewer than 12 months.
- College Education: Must have a Bachelor’s degree or higher.
Certified General Appraiser
- Qualifying Education: 300 QE Hours.
- Basic Appraisal Principles – 30 hours.
- Basic Appraisal Procedures – 30 hours.
- 15-hour National USPAP or Equivalent.
- General Appraiser Market Analysis & Highest and Best Use – 30 hours.
- General Appraiser Site Valuation and Cost Approach – 30 hours.
- General Appraiser Sales Comparison Approach – 30 hours.
- General Appraiser Report Writing and Case Studies – 30 hours.
- Statistics, Modeling, and Finance – 15 hours.
- General Appraiser Income Approach – 60 hours.
- Appraisal Subject Matter Electives – 30 hours.
- Experience: 3,000 hours of acceptable appraisal experience in no less than 18 months. A minimum of 1,500 hours of the required experience must be in non-residential appraisal work.
- College Education: Must have a Bachelor’s degree or higher.
Conclusion
So those were the best real estate appraisal courses in Rhode Island.
As you can see, a lot of the online offerings are through McKissock. This school offers quality education with lots of resources available.
If you’d rather study in a classroom, then you have in-person schools to choose from, too. Or if not that, then you can avail of Livestream courses.
But rest assured, whichever school you pick, it is approved, of the best quality, and will help you earn your RI appraisal license.
Good luck!