Real Estate Degree Review Program

The Appraiser Qualifications Board (AQB) of The Appraisal Foundation has established a review program for college degrees in real estate to provide students with an alternative path to receive credit for the Required Core Curriculum in the Real Property Appraiser Qualification Criteria (Criteria). Instead of utilizing a course-by-course approval process the AQB will review a college/university’s graduate, undergraduate, or associate degree in real estate to determine how much of the Required Core Curriculum is met by graduates of the degree program and will identify areas where additional course work will be required (the 15-Hour National USPAP Course is one possible example). 

Under this program, the AQB analyzes degrees in real estate to determine how the education required to obtain a degree can be applied to the Required Core Curriculum in the Real Property Appraiser Qualification Criteria. The results of the review are published for state appraiser regulatory agencies to use when reviewing the educational qualifications of applicants that hold such degrees.

AQB approval of a degree in real estate is not a guarantee of acceptance by any individual state appraiser regulatory agency. Individual jurisdictions have rights to establish criteria that are greater or more stringent than that established by the AQB. As a result, a state regulatory agency may elect to not accept the AQB’s analysis of a college’s degree program. Applicants considering entering a degree program in real estate should make sure to check with their respective state appraiser regulatory agency prior to enrolling to determine that particular jurisdiction’s policies pertaining to this issue.

Highlights of the program include the following. Read our Fact Sheet (below) for more highlights and information:
  • “Retroactive” approval - the program will be approved retroactively back to the date in which the current program was established
  • Graduates of approved programs may receive up to 300 hours (based on the degree content) of qualifying education credit toward a real property appraiser credential
 

Resources

Application
Approval Letters - AQB Approved Degree Programs 
Policies & Procedures  - Real Estate Degree Review
Factsheet and Q&As
Archive of Past AQB Approved Degree Programs

Announcements

The Real Estate Degree Approval Program just approved their 25th program, Penn State University's Master of Science in Real Estate Analysis and Development, on December 18, 2020. To read a press release celebrating this accomplishment, click HERE.

Questions?

Please contact Jalin Debeuneure