For students seeking education in real estate appraisal, options in Arizona are scarce; in fact, Arizona State University and Mesa Community College are the only two public schools offering training programs. Students may choose from certificates, or elect to earn an associate's or master's degree in the field. Applicants to the graduate program need to hold a bachelor's degree.
Arizona State University
As of 2011, over 72,200 students attended the Tempe campus of Arizona State University. The college's W.P. Carey School of Business offers a Master of Real Estate Development program that prepares students for advanced careers in real estate. This 1-year program combines traditional classroom training with real-life experience through three projects, in which students are placed together in teams and must develop solutions to problems found in residential, income-producing and high-density mixed-use partnerships. Students must complete 36 credit hours for graduation.
Mesa Community College
This Mesa school is home to about 25,700 students and offers two certificate of completion programs and an associate's degree program for those interested in real estate appraisal training in AZ. The 15-credit residential appraisal trainee program prepares students for entry-level real estate appraisal roles. Classes include real estate principles, appraisal procedures and cost approach.
The school also offers a licensed real estate appraiser certificate program, which prepares students for the National Uniform State Certified Residential Real Property Appraiser Exam upon completion of the program. The 30-credit curriculum includes classes in real estate law, residential market analysis, report writing, case studies and finance. Finally, Mesa's Associate in Applied Science in Certified Residential Appraiser program prepares students to become residential land and real estate property appraisers. The 60-credit program consists of 13 core courses, such as real estate finance, sales comparison and income approaches, site valuation, computer information systems, appraisal principles and real estate law.
In Arizona, individuals must hold the Licensed Residential Appraiser, Certified Residential Appraiser or Certified General Appraiser designation to legally perform an appraisal or appraisal review. The level at which an appraiser is licensed or certified determines the type of properties (residential vs. residential and nonresidential), as well as the value and/or complexity of the properties, that he or she can appraise. To qualify for licensure or certification, candidates must meet education and experience requirements and pass an exam.
School Comparison: At a Glance
|School Name||School Type & Setting||Real Estate Appraisal Programs Offered||Undergraduate Tuition & Fees (2018-2019)|
|Arizona State University||4-year, public; midsize city||Master of Real Estate Development|| $10,822 (in-state)*
$28,336 (out -of-state)*
|Mesa Community College||2-year, public; large city|| Certificate of Completion in Residential Appraisal Trainee,
Certificate of Completion in Licensed Real Estate Appraiser,
Associate in Applied Science in Certified Residential Appraiser
| $2,070 (in-state)*
Source: *NCES College Navigator