If you want to become an appraiser in New Mexico, know that it requires skills and knowledge to do the job properly. I mean, you’re responsible for estimating the market value of real estate properties.
Because of this, you need to complete certain appraisal levels - the first one being an Appraiser Trainee.
Now, to get an Appraiser Trainee license, you’re required to complete 75 hours of appraisal pre-licensing courses.
The great news is that you can study these online!
And today, we’re going to give you a rundown of the best real estate appraisal courses in New Mexico that are offered online. With this, you’ll know which online real estate schools are approved in New Mexico and give you quality education.
So let’s get started!
The 4 Best Online Real Estate Appraisal Courses in New Mexico
Here are the 4 best online real estate appraisal course providers in New Mexico:
Let’s get into the details of each provider.
Founded in 1991, McKissock started with a single course and later expanded, offering education to a variety of industries.
In 1993, the McKissock Appraisal School was born. It launched its distance learning platform in 2000 and since then, McKissock has become the number one real estate school in the US.
One of the best things about the school is its wide geographic reach. Its courses are available in more states than most of its competitors. To date, it has helped two million+ people jumpstart their careers and obtain their licenses.
In New Mexico, McKissock has three available packages for appraisers:
The Basics ($800)
Advanced Pro ($1,050)
Unlimited Learning Subscription ($1,400)
All three include the 75-hour mandatory courses for trainee appraisers. The Advanced Pro and Unlimited Learning Subscription feature premium items such as weekly sessions with your instructor and printed textbooks.
The Unlimited Learning Subscription also includes one-year access to up to 300 hours worth of appraisal courses as well as professional development tools.
When it comes to its curriculum, McKissock likes to keep it simple yet current.
Its interface is user-friendly, with easy access to toolbars and important functions. The school also updates its coursework regularly to make sure it features only up-to-date content.
What’s more, you get impeccable customer service. Its support team is only a call away, and should you have questions about the course materials, you can reach out to your instructor conveniently within the platform.
Hondros began in the 1980s as a provider of exam prep tools for a variety of industries. It later grew its business, though, and started offering licensing courses outside its home state of Ohio.
Hondros may be less popular than many appraisal schools, but it is a rising star in the market. It is beginning to make its way to the top, with an average annual growth rate of 6%. This alone makes it is one of our top picks for the best real estate appraisal courses in New Mexico.
The school offers appraisal courses in two formats, self-paced and live stream. So whether you are a self-starter or someone who learns best with live interaction, Hondros has got an option for you.
Apart from licensing courses, Hondros also offers career-building tools such as sessions with instructors and networking opportunities.
Now, its individual appraisal pre-licensing courses will set you back from around $200 - $400. However, you will be able to save more if you avail of their 75-hour trainee package, which costs around $900. This bundle is one of the most affordable you will find online.
Kaplan Real Estate is a premier education provider in the US with decades of experience in online learning. Plus, its instructors are some of the best in the country.
Currently, it only offers a 15-hour USPAP course ($329) in New Mexico. And this is through LiveStream, too.
But as they grow bigger and bigger, we won’t be surprised if they offer the full 75-hour appraisal pre-licensing course in New Mexico sooner rather than later.
Kaplan’s courses are known for being highly comprehensive. The content is well-organized, and the information is digestible. Some of the lessons may seem repetitive, but it is a way to help you reinforce and retain what you learn.
The school’s textbooks are incredibly helpful, and so are its instructors. They will encourage you and assist you with your questions and concerns.
With Kaplan, you will enjoy a great learning experience as you discover more about the appraisal process.
Appraisal Institute is a global organization that consists of more than 17,000 professional appraisers with the highest designations. AI’s Rio Grande Chapter encompasses all of New Mexico and part of West Texas.
Its members enjoy several benefits such as career search tools, networking opportunities, discounts from industry partners, and even insurance. It also offers appraisal qualifying, upgrade, and continuing education courses.
You don’t have to be a member, though, to sign up for their courses, as they are available to anyone who wants to learn about the appraisal process.
Individual courses cost from around $360 to $500.
The only downside with AI, though, is that the course validity is significantly shorter than other appraisal schools. Usually, appraisal programs from other providers are available to users for up to six months, but with AI, you can only access the courses for a maximum of 45 days depending on credit hours.
Note: the Appraisal Institute is beginning to reopen in-person classes as COVID19 restrictions start to ease.
Real Estate Appraisers in New Mexico Frequently Asked Questions
If you have questions about becoming an appraiser in New Mexico, check our FAQs section below.
What are the requirements to become a real estate appraiser in New Mexico?
To qualify as a real estate appraiser in New Mexico, you must first become a trainee appraiser. To become a trainee appraiser, you must meet the following qualifications:
- You must at least be 18 years old.
- You must have a valid social security number.
- You must complete the mandatory qualifying education for trainee appraisers in New Mexico.
- You must pass the New Mexico Real Estate Appraisers Board-State Jurisprudence Exam. The passing score is 70%.
- You must submit your application to the NM Real Estate Appraisers Board.
- You must find a Certified Appraiser to act as your supervisor.
What are the education requirements for trainee appraisers in New Mexico?
The 75-hour qualifying education requirement consists of the following:
- 30 hours of Basic Appraisal Principles
- 30 hours of Basic Appraisal Procedures
- 15 hours of National USPAP Course
What does a trainee appraiser do in New Mexico?
As a trainee appraiser in New Mexico, you will work under the mentorship of a supervisor who is a Certified Appraiser.
Your supervisor will provide you with guidance as well as teach you appraisal techniques, property research, and information analysis.
You will perform property and market research, prepare appraisal reports, and visit sites for inspection.
How long does it take to become a licensed appraiser in New Mexico?
To become a licensed appraiser in New Mexico, you must complete the additional education requirements as well as 2,000 hours of documented appraisal experience.
The process may take one year or more, but it will depend on the time you dedicate to studying and working.
With the schools listed above, not only will you be confident to pass the exam for trainee appraisers in New Mexico, but you will also be well prepared for the duties of an appraiser when you start working.
Each of the above schools offers high-quality education, each in its own unique teaching style.
At the end of the day, the best appraisal school is still the one that will cater to your learning preferences. So pick whatever you feel suits YOU most.