How Much Credit Does Your State Give?

[Michael T. Hiester]

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]

California OREA told me 7-8 hours an appraisal is about average.

 

[Mike Garrett RAA]

Colorado says four hours on the average.

 

[Michael T. Hiester]

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.