Physical Address

Board of Examiners of

Professional Real Estate Appraisers

Calle San José Esq. San Francisco

Diputación Provincial Building

2nd Floor

San Juan, PR 00902-3271

 

Postal Address

Department of State

Assistant Secretary of Examination Boards

Board of Examiners of

Professional Real Estate Appraisers

P.O. Box 9023271

San Juan, PR 00902-3271

 

Contact

Ms. Joselle Vázquez

Phone: 787-722-2122, Extension # 230

Email: jvazquez@estado.gobierno.pr

 

Legal Basis

Law No. 277 of July 31, 1974, as amended.

Regulation No. 7205 of August 21, 2006

  • The Board of Examiners of Professional Appraisers was created by Law No. 277 of July 31, 1974, as amended, and its members are appointed by the Governor of the Commonwealth of Puerto Rico, with the advice and consent of the Senate of Puerto Rico.
  • The Appraisal Foundation is a private, nonprofit corporation recognized by Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to, among other things, achieve professionalism by establishing uniform standards in the practice of the profession through the qualifications for certification and authorization of the appraisers. (http://www.appraisalfoundation.org)
  • The Appraisal Qualification Board is a council independent of the Appraisal Foundation which sets the minimum requirements for experience, education and examination criteria for the appraisers.
  • The Appraisal Subcommittee has the purpose of ensuring that the appraisers performing real estate valuations that may expose the Government of the United States to suffer economic losses are properly trained and monitored so that they are competitive and use their independent judgment in accordance with the highest professional and ethical standards. It is responsible for overseeing the Examination Boards of the states and territories when granting certification and licensing to the appraisers.

 

Presidente

  • José E. Arrillaga

Members

  • Roberto Soto del Cueto
  • Javier Zayas Rivera
  • José Robles Korber
  • Wilfredo Crus Lanausse

 

Board Examination Dates

Test administration for State Licensure and Residential or General Certification will be in charge of the company Pearson VUE. For reservations please call (800) 274-7488 or check the Applicant Handbook for exam candidates.

 

Note

All applicants interested in Reasonable Accommodation should contact the company Pearson Vue.

 

Concept Total
EPA Examination and Re-examination $320.00
Residential Certification or General Certification $320.00

 

  • The Bachelor’s Degree original transcript and with a copy of the diploma formally issued by the educational institution must be provided.
  • State License candidates are required to have at least twelve (12) college credits in subjects related to Real Estate appraisal within their approved Bachelor courses. For the Federal Certification fifteen (15) college credits are required.
  • Total of approved credit hours with tests in Appraisal courses, including fifteen (15) credit hours of the Uniform Standards Professional Appraisal Practice (USPAP) and the Law and Regulations course and test (15 hours). For EPA, the USPAP course must not have more than two (2) years. Courses may not be repetitive in nature.

Note: Law No. 277 of July 31, 1974, as amended requires having the credit hours approved by examination at the time of filing the request for examination.

Certification Requirements
State License 310 credit hours
Residential Certification 200 credit hours
General Certification 300 credit hours

 

  • Applications will not be reviewed by the Board, but the candidate must meet all requirements established by Law No. 277 of July 31, 1974, as amended.
  • The request will be completed in its entirety and sent directly to the new company with the money order or certified check in the amount of $320.00.
  • Once the candidate passes the examination (EPA, Residential or General Certification) he or she must complete the license application and include all evidence of study and experience.

Pearson Vue

PO Box 41508

Philadelphia, PA 19101-1508

 

Licensing Requirements

  • Evidence (notification of grade) that the State License Examination has been approved.
  • Proof of Internal Revenue (yellow copy) in the amount of one hundred fifty dollars ($150.00) deposited into the 5140 income figure.
Concept 5140 5143 Total
License $150 $150

 

  • Original Criminal Record Certificate issued by the Police of Puerto Rico with no more than six (6) months of issued.
  • Two (2) recent photographs size 2 x 2 “.
  • Original and Copy of Bachelor’s Degree Diploma. You may also provide a notarized copy instead of the original.
  • Original Credit Transcript.
  • Certification of approved appraisal credit hours or copy of the appraisal courses.
  • Affidavit, which shall include the following:
  • Certificate issued by the Administration for Child Support (ASSUME) in accordance with the provisions of Law No. 86 of August 17, 1994.
  • One manila envelope (8 1/2 x 11), pre-addressed and with three (3) stamps.
    • Candidate’s oath that he or she is the person to whom the Estate License application refers.
    • That the applicant has completed the three hundred and ten (310) credit hours of courses with their tests, including fifteen (15) credit hours course with the Uniform Standards of Professional Appraisal Practice (Ethics) exam, known by its acronym in English as USPAP according to procedures approved by the Appraiser Qualifications Board and the course of Laws and Regulations criteria.
    • That all statements contained in the application are true.

 

Residential Certification

Documents to be submitted with the application
  • Evidence (notification of grade) that the Residential Certification examination has been approved. The test should not exceed 24 months from the date of notification of grade.
  • Copy of your State License (Professional Real Estate Appraiser). It must be valid.
  • Two proofs of Internal Revenue (yellow copy) or Official Receipt of Payment. One in the amount of $150.00 to the 5140 income figure, and another in the amount of $100.00 to the 1312 income figure.
Concept 5140 5143 Total
License $160 $150 $310

 

  • Original Criminal Record Certificate issued by the Police of Puerto Rico with no more than six (6) months of issued.
  • Two (2) recent photographs size 2 x 2″.
  • Original and Copy of Bachelor’s Degree Diploma. You may also provide a notarized copy instead of the original.
  • Original Credit Transcript.
  • Affidavit, which shall include the following:
  • Professional experience narrative report of two thousand five hundred (2,500) hours earned in not less than twenty-four months (table of experience). See Guide.
  • Certificate issued by the Administration for Child Support (ASSUME) in accordance with the provisions of Law No. 86 of August 17, 1994.
  • That the applicant is a licensed appraiser under Article 8 of Law 277 of 31 July 1974 as amended by Law No. 62 of August 14, 1991.
  • That the applicant has completed two hundred (200) credit hours of courses with their tests, including fifteen (15) credit hours course with the Uniform Standards of Professional Appraisal Practice (Ethics) exam, known by its acronym in English as USPAP according to procedures approved by the Appraiser Qualifications Board and the course of Laws and Regulations criteria.
  • The applicant requests the Board of Examiners of Professional Real Estate Appraisers accreditation of the required experience, which consists of two thousand five hundred (2,500) hours of professional experience in not less than twenty-four (24) months.

To establish his or her experience, the candidate will self-assess his or her professional practice to determine the accumulation of 2,500 hours of experience in not less than twenty-four (24) months.

This assessment of the applicant’s practice is based on the criteria of the Credit Hours Chart.

The board will ask you through written notice four (4) Residential reports (vacant land, single family, multifamily and condominium) for the revision of the board. The two thousand five hundred hours (2,500) experience must be provided under Codes L1, L2 and L3.

 

General Certification

Documents to be submitted with the application
  • Evidence (notification of grade) that the General Certification examination has been approved. The test should not exceed twenty-four (24) months from the date of notification of grade.
  • Copy of your State License (Professional Real Estate Appraiser).
  • Original Criminal Record Certificate issued by the Police of Puerto Rico with no more than six (6) months of issued.
  • Two proofs of Internal Revenue (yellow copy) or Official Receipt of Payment. One in the amount of $150.00 to the 5140 income figure, and another in the amount of $100.00 to the 1312 income figure.
Concept 5140 5143 Total
License $100 $150 $250

 

  • Two (2) recent photographs size 2 x 2″.
  • Original and Copy of Bachelor’s Degree Diploma. You may also provide a notarized copy instead of the original.
  • Original Credit Transcript.
  • Certification of approved credit hours or copy of the appraisal courses.
  • Affidavit, which shall include the following:
  • Professional experience narrative report of three thousand (3,000) hours earned in not less than thirty (30) months.
  • Certificate issued by the Administration for Child Support (ASSUME) in accordance with the provisions of Law No. 86 of August 17, 1994.
  • That the applicant is a licensed appraiser under Article 8 of Law No. 277 of July 31, 1974 as amended by Law No. 62 of August 14, 1991.
  • That the applicant has completed three hundred (300) credit hours of courses with their tests, including fifteen (15) credit hours course with the Uniform Standards of Professional Appraisal Practice (Ethics) exam, known by its acronym in English as USPAP, according to procedures approved by the Appraiser Qualifications Board.
  • The applicant requests the Board of Examiners of Professional Real Estate Appraisers accreditation of the required experience, which consists of three thousand (3,000) hours of professional experience in not less than thirty (30) months.

To establish his or her experience, the candidate will self-assess his or her professional practice to determine the accumulation of 3,000 hours of experience in not less than thirty (30) months.

This assessment of the applicant’s practice will be based on the format stipulated by the Appraiser Qualifications Board of the Credit Hours Chart. (The model can be found in the Forms and Applications section).

  • The board will ask through written notice for these reports.
  • If the candidate possesses a State License (EPA) and applies for a General Certification, the Board will request three (3) business reports (commercial, detailed industrial study of income or special property) and four (4) residential appraisals.
  • If the applicant possesses a Residential Certification and applies for a General certification, the Board will request three (3) business reports.

 

Forms and Applications

Listed below are the different forms and applications used for the Board of Examiners of Professional Real Estate Appraisers of Puerto Rico.

  • Regulation No. 6463 of May 22, 2002 for the Evaluation of Reasonable Accommodation (Download)
  • Requirements to obtain the State License (Download)
  • Places where the Professional Real Estate Appraisers courses are provided. (EPA) (Download)
  • Required Core Curriculum 2008 (Download)
  • Administrative Penalty for Licensed Appraisers (Download)
  • Applicant Handbook for Candidates for Federal Certification Examination and Download (Download)
  • Credit Hours Chart for Reviewers (Download)
  • Approval Form for Course and Professor (Download)
  • Table of Experience preparation model (Download)
  • Expired License Affidavit (Download)