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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.
 

William jackson

Sophomore Member
Joined
Jan 14, 2003
Professional Status
Licensed Appraiser
State
California
California OREA told me 7-8 hours an appraisal is about average.
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
Colorado says four hours on the average.
 

Michael T. Hiester

Freshman Member
Joined
Oct 8, 2002
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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