Ask an Instructor: Accreditation Hours
Tuesday, October 15, 2019 in Education
ISA members are invited to send in their questions on all things appraising and education to ISA's instructors. One of ISA's instructors will share answers on the ISA Blog. Please send questions to firstname.lastname@example.org.
Question: I'm a new appraiser, and I'm having difficulties gaining the 700 appraisal hours I need for the accreditation process. Do you have any suggestions?
Answer: 700 hours seems like a tough mountain to climb, but it's easier to get there than you think. Remember that ISA is looking for 700 USPAP-compliant appraisal hours. USPAP-compliant appraisal hours refer to the time you take in the development and reporting of an appraisal. Note that these do not have to be billable hours. Every appraiser spends more time working on a report than they actually bill the client. You can count all of the hours you spend in the development and reporting of an appraisal towards your 700 hours. Thus, if you spend 20 hours on an appraisal, but only bill for 5 hours because it is a special client, you can still claim all 20 hours towards your 700. Remember to keep track of your research and report preparation time, as well as the on-site inspection time. The hours spent reading, researching, typing, editing, and formatting will add up fast!