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How Much Credit Does Your State Give?

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Michael T. Hiester

Freshman Member
Joined
Oct 8, 2002
I saw this discussed briefly in another thread a couple months ago, but couldn't find anymore.

Out of curiosity, how much credit does your particular state allow for a single family, complete summary report? I am referring to credit for licensing/upgrading process.

Indiana allows 4.5 hours for a complete summary regardless of time actually spent.
 
California OREA told me 7-8 hours an appraisal is about average.
 
Colorado says four hours on the average.
 
Mike & William,

Does that mean they give you full credit for whatever you spend? In Indy, one gets 4.5 hours whether he spends 1 hour, 4 hours, or 414 hours.

That doesn't seem like much to me. Granted, I am new and it takes me about 414 hours per appraisal right now, but it takes my mentor longer that 4.5 hours on many assignments. And he is a CG with years and years of experience. Throw on the 3 year research requirement and it takes even a bit longer.
 
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