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Appraisal Statistics

$79
This product includes:
LICENSE RENEWAL PERIOD FOR LICENSED & CERTIFIED APPRAISERS: 2 YEARS Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3
Description
State Requirements

Unlock the power of data with our Appraisal Statistics course, designed for real estate professionals seeking to enhance their valuation skills. This comprehensive course covers essential statistical tools and methodologies used in real estate appraisal. Learn to recognize and utilize descriptive statistical measures and dispersion to accurately summarize and describe property data. Dive into inferential statistical methods and probability concepts to evaluate the significance of trends and patterns in the real estate market. Master regression analysis techniques, including multiple regression analysis and automated valuation models (AVMs), to forecast property values based on various attributes. By the end of the course, you'll be equipped to make data-driven decisions and provide precise, reliable appraisals that stand out in the competitive real estate industry.

Package Content:

State Requirements For New Jersey

New Jersey State Requirement Details for Trainee and Licensed and Certified Appraiser Continuing Education

Renewal Date: Licenses and certifications are valid for a two-year period and must be renewed by December 31st of every odd-numbered year. Trainee permits are valid for a period of one year. Trainee permits may be renewed a maximum total of three times. 

Hours Required by the State for Trainee Appraisers: 14 Hours (every year)

Note: Trainee Appraisers must successfully complete the 7-hour National USPAP Update Course, or its AQB-approved equivalent, every 2 calendar years.  Additionally, a 2-hour course on New Jersey law and rules governing the practice of real estate appraising must be completed every two calendar years. Beginning January 1, 2026, a Valuation Bias and Fair Housing Laws and Regulations course will be required for renewal (see explanation below).

Hours Required by the State for Licensed and Certified Appraisers for renewals prior to January 1, 202628 Hours (every two years)

  • 2-hour course on New Jersey law and rules governing the practice of real estate appraising
  • 7-hour USPAP Update Course
  • 19 hours of approved continuing education

Hours Required by the State for Licensed and Certified Appraisers for renewals on or after January 1, 202628 Hours (every two years)

  • 2-hour course on New Jersey law and rules governing the practice of real estate appraising
  • 7-hour National USPAP Continuing Education Course
  • 7-hour Valuation Bias and Fair Housing Laws and Regulations course or 4-hour Valuation Bias and Fair Housing Laws and Regulations course (see explanation below)
  • 12 hours of approved continuing education or 15 hours of approved continuing education (see explanation below)

Beginning January 1, 2026, a Valuation Bias and Fair Housing Laws and Regulations course will be required for Continuing Education. The first time a Licensee completes the Continuing Education requirement for this course, the course length must be 7 hours. If a Licensee successfully completed an 8-hour course as part of their Qualifying Education, they have satisfied this requirement. Every 2 calendar years thereafter, the course length must be at least 4 hours.  This new course requirement is included in the 28 total hours for a 2-year renewal.

The CE Shop’s Offering: 28 hours

  • 2-hour New Jersey Appraisal Laws & Rules
  • 7-Hour National USPAP Continuing Education Course
  • 7-hour Valuation Bias and Fair Housing Laws and Regulations course
  • 12 hours of elective courses

Reporting: The state does not require schools to report course completions.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

License Renewal Process: The process to renew in this state can be found here.

Still have questions? Visit our Frequently Asked Questions or Contact Us.

New Jersey Division of Consumer Affairs State Real Estate Appraiser Board

Street Address: 124 Halsey Street, 3rd Floor, Newark, New Jersey 07102

Mailing Address: 124 Halsey Street, 3rd Floor, PO Box 45032, Newark, New Jersey 07102

Telephone: (973) 504-6480

Email: Avilese@dca.njoag.gov

New Jersey Real Estate Appraiser Board

Applications and Forms