New Jersey S1749 requires the State Real Estate Appraiser Board to adopt an alternative program for prospective real estate appraisers to meet.
New Jersey S1749 mandates the State Real Estate Appraiser Board to adopt an alternative program for prospective real estate appraisers to fulfill their experiential requirements. Currently, aspiring appraisers must find a supervisor willing to oversee their experience, a process deemed difficult. The bill proposes adopting the Appraisal Qualifications Board’s practical application of real estate appraisal (PAREA) program, which allows up to 100 percent of experience to be gained virtually through real-world simulations and mentorship.
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