RAA designation (source: National Association of
Realtors® - http://www.realtor.org/appsourc.nsf/pages/designationinformation)
RAA - Residential Accredited Appraiser is a designation awarded
to appraisers by the National Association of Realtors ® that
specialize in residential real estate appraising.
In 1991, the National Association of Realtors ® established "The
Appraisal Section" after the former American Institute of Real
Estate Appraisers voted to disaffiliate with NAR and merge with the
society of Real Estate Appraisers to form the Appraisal Institute.
In 1994, the section created two designations, GAA and RAA, for
Appraisal Section members who meet tested education requirements
that exceed the requirements for state licensing. Appraisers
may obtain both designations. The program was approved by
NAR's Board of Directors at the 1993 Annual Convention.
Criteria for the RAA designation are:
RAA is one of two appraisal designations with the strength and
tradition of the REALTOR® name!
- Must be a REALTOR® or have Institute Affiliate membership
in the National Association of Realtors®. An Institute
Affiliate member must be a designee of one of the following five
(5) NAR affiliates: Institute of Real Estate Management
(IREM), Commercial Investment Real Estate Institute (CCIM),
REALTORS® Land Institute (RLI), Society of Industrial and Office
REALTORS® (SIOR), and the Counselors of Real Estate (CRE).
A minimum of 1,000 hours experience in addition to the
experience required to obtain state certification.
Completed 45 hours of tested course work in addition to
the Appraiser Qualification Board's education requirement at the
time of certification.
- Must be a State Certified Residential
or General Appraiser. (In those few states where the
Certified Residential classification is unavailable, the
requirement is state Licensed for the RAA designation.)