Certified Residential Appraiser Practice Exam

What is one requirement for appraisers seeking certification under the AQB?

1. Completion of an internship

2. Passing a written exam

3. Maintaining a portfolio of appraisals

4. Undergoing background checks

The correct answer is: Passing a written exam

To achieve certification under the Appraiser Qualifications Board (AQB), passing a written exam is a fundamental requirement. This exam ensures that the appraiser has the necessary knowledge, skills, and understanding of real estate appraisal principles, methodologies, and applicable regulations. Successfully passing this exam demonstrates competency in the field, which is crucial for maintaining professional standards and public trust in the appraisal process. While other options listed may contribute to an appraiser's education or professional development, they are not universally mandated requirements for certification. For example, internships can provide practical experience but are not specifically required by the AQB for certification. Similarly, maintaining a portfolio might not be a formal requirement, and while background checks are generally considered a best practice for many professions, the AQB focuses primarily on the ability to demonstrate foundational knowledge through a formal examination process. Therefore, passing the written exam stands out as a clear and essential requirement for appraiser certification.