What is the minimum experience requirement for a Certified General Appraiser according to AQB criteria?
Correct Answer
B) 3,000 hours over at least 18 months, with 1,500 hours in non-residential
Why this is correct: The Appraiser Qualifications Board (AQB) sets minimum criteria. For Certified General Appraiser, the requirement is 3,000 hours over at least 18 months, with half (1,500 hours) in non-residential work to ensure commercial experience. Why the other choices are wrong: "2,000 hours over at least 12 months" is for Licensed Residential. "2,500 hours over at least 24 months" is not an AQB category. "4,000 hours over at least 30 months, with 1,500 hours in non-residential" exceeds the requirement. Exam tip: General = 3,000 hours, 18 months, 1,500 non-residential. Residential categories require fewer hours and no non-residential minimum.
Why This Is the Correct Answer
The AQB Certified General minimum is 3,000 hours of acceptable experience over at least 18 months, including at least 1,500 hours in nonresidential appraisal work. States may impose additional requirements.
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An AMC acting for a creditor offers $200 for a covered residential appraisal when comparable work locally often pays $400–$450. Under Regulation Z’s customary-and-reasonable fee rule, which party bears the compensation obligation?
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