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Requirements for Real Estate Appraiser' Licensure and Examination

 

Purpose of Licensure:
To set standards of qualifications, education, training, and experience for persons engaged in the Real Estate Appraiser’s field. To promote high standards of professional performance for those persons working in the Real Estate Appraiser’s field. To ensure that everyone engaged in work in the Real Estate field is licensed.

Period of Licensure:
All permanent licenses are issued on an annual basis. Temporary licenses are issued for six (6) months.

Application Process:
Initial Application Requires:

  • A completed and certified application;
  • Three (3) 2x2 photographs of the applicant;
  • One (1) letter of favorable character testimony;
  • Two (2) letters of professional reference from individuals with knowledge of applicant's work in the appraisal field;
  • Favorable tax clearance letter from the Bureau of Internal Revenue;
  • Payment of Required Fees.
  • A V.I. resident for at least 30 days;

Temporary Licensure:

Temporary Application Requires:

  • Completed certified application;
  • Three (3) 2x2 photographs of the applicant;
  • Current license from another jurisdiction in which applicant is licensed;
  • Letter of engagement or other documents to prove the client properties in the assignment;
  • Apply for the Temporary Practice Application Adobe PDF Document

Examination:
All persons interested in being a licensed in any area of the Real Estate industry are required to sit an examination.

The exam is not currently offered in the Virgin Islands.  Please contact us to obtain a list of exam providers in other states where you may challenge the examination.


Renewal of License Requires:

  • Completed renewal application (available on back of license);
  • A Favorable Tax Clearence Letter from the V.I. Bureau of Internal Revenue;
  • Payment of Required Fees.


Required Fees:

Application Fee      $75.00
Certified General R.E. Appraiser’s      $390.00
Certified Residential R.E. Appraiser      $390.00
Temporary Real Estate Appraiser $150.00


Mailing Addresses:
Attention: Nathalie Hodge
Administrator, Boards and Commissions
V.I. Board of Real Estate Commission
Department of Licensing and Consumer Affairs
Golden Rock Shopping Center, Suite #9
Christiansted, VI 00820-4311