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Appraiser Qualifications Board Approves Appraisal Institute’s PAREA Program

The Appraisal Institute has received approval from the Appraiser Qualifications Board (AQB) for its Practical Applications of Real Estate Appraisal (PAREA) program. This new program is designed to provide practical experience for aspiring appraisers before they enter the profession, ensuring that they have the necessary skills to succeed.

The PAREA program includes three distinct paths: licensed residential, certified general, and certified residential. The program is open to anyone who wants to gain practical experience in real estate appraisal and does not require a college degree. Participants will receive both classroom instruction and hands-on experience, working with experienced appraisers.

This is a major step forward for the appraisal industry, which has struggled to attract new talent in recent years. By providing practical experience for aspiring appraisers, the Appraisal Institute is helping to address this issue and ensure that there are enough skilled professionals to meet the industry’s needs.

To learn more about the PAREA program and the Appraisal Institute’s efforts to support aspiring appraisers, click through to the full article.