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Certified Residential Appraiser Exam

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Mr.Blessings

Freshman Member
Joined
Apr 10, 2024
Professional Status
Licensed Appraiser
State
Virginia
Good day All!

I pray all is well! I'm reaching out because I'm a licensed residential appraiser looking to upgrade my license to certified residential. I have attempted the exam a few times but I have not been successful in passing. I have been using the McKissock exam prep but I still manage to come up short. Does any one have any other study guides, tips, or recommendations for exam prep? I appreciate any assistance and thanks in advance!
 
Read Appraisal of Real Estate 15th Ed.

Read USPAP and FAQs

Outline above, want to transfer pertinent and unfamiliar data to a notebook for future study.

Categorize problem types, i.e., functions of a dollar, Sales approach, Cost approach, multipliers, Irv, market analysis, H&BU, etc. Find enough resources that have varied problems within each type. Consider investing in many books and supplemental courses so you can nail your outcome.

Write out several problems of each type in notebook. Write calculator sequences for those problem types.

Select your test date.

Two weeks before, go through notebook each day, want to transfer knowledge into brain for long enough to get through test. Spend 8-12 hours per day with the material in the few days prior to test. Scrutinize every resource you can get from testing authority, again, outline, write out, memorize common problem types and solutions, use practice tests repeatedly until confidence overcomes uncertainty. During the test, twiddle your thumbs for the camera. Only if you have enough time.
 
You should be able to find a bank of questions and answers. Working through them is a good way to study and to practice for the test.
 
When I took the exam, it had been over three years since I took the USPAP courses. I used Compucram, and I passed the first time. Compucram doesn't cover everything on the exam, but it covers enough.
 
Pick up Appraisal Review Crammer 5th Edition by Hondros Learning. Unlike Compucram which is basically just memorization to pass the exam, ARC goes into say, solving the cost approach, step by step and utilizes HP12C calculation steps in doing so. It'll ingrain "how" to complete tasks instead of just memorizing the answer. It has everything ( Economic Principles, H&B use, USPAP, practice tests, etc.) in a clear and concise layout.

You'll have to put in the study time though.
 
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