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The Kentucky Real Estate Appraiser Board (KREAB) was created in 1992 and is responsible for protecting the public interest through regulations and law under Chapter 324A and 201KAR Chapter 30. The Kentucky Real Estate Board does this partly by adopting rules and regulations prescribing respective policies and procedures. In addition, the Kentucky Board has subpoena power, holds disciplinary hearings, and conducts examinations. The Kentucky Real Estate Appraiser Board is in compliance with the provisions of the Financial Institutions Reform, Recovery, and Enforcement Act (Title XI).
- Authority to administer Kentucky appraiser regulations.
- Conduct educational seminars.
- Investigate allegations of wrongdoing.
- Perform other functions and duties as needed.
Any person or organization, may file a written complaint alleging Kentucky Real Estate Appraiser possible violations. All complaints are investigated by the Kentucky Real Estate Appraiser Board. No person other than a Kentucky real estate appraiser is allowed to engage in a written appraisal in connection with a real estate related financial transaction. Further, it is against the law to act as a Kentucky real estate appraiser without respective licensure. Violations of law may lead to a misdemeanor or felony charge.
The Kentucky Real Estate Appraiser Board consists of five members. The Board members are appointed by the governor. No Kentucky Real Estate Appraiser Board member may serve more than two full consecutive terms. The Kentucky Real Estate Appraiser Board is located in Richmond, KY.
- Two members are Kentucky certified real estate appraisers.
- One member represents the general public and is not associated with the practice of real estate appraisals.
- Two are employed in the lending industry.
The State of Kentucky has 120 counties.
| Adair |
Allen |
Anderson |
Ballard |
| Barren |
Bath |
Bell |
Boone |
| Bourbon |
Boyd |
Boyle |
Bracken |
| Breathitt |
Breckinridge |
Bullitt |
Butler |
| Caldwell |
Calloway |
Campbell |
Carlisle |
| Carroll |
Carter |
Casey |
Christian |
| Clark |
Clay |
Clinton |
Crittenden |
| Cumberland |
Daviess |
Edmonson |
Elliott |
| Estill |
Fleming |
Floyd |
Franklin |
| Fulton |
Gallatin |
Garrard |
Grant |
| Graves |
Grayson |
Green |
Greenup |
| Hancock |
Hardin |
Harlan |
Harrison |
| Hart |
Henderson |
Henry |
Hickman |
| Hopkins |
Jackson |
Jessamine |
Johnson |
| Kenton |
Knott |
Knox |
LaRue |
| Laurel |
Lawrence |
Lee |
Leslie |
| Letcher |
Lewis |
Lexington-Fayette |
Lincoln |
| Livingston |
Logan |
Louisville
Jefferson |
Lyon |
| Madison |
Magoffin |
Marion |
Marshall |
| Martin |
Mason |
McCracken |
McCreary |
| McLean |
Meade |
Menifee |
Mercer |
| Metcalfe |
Monroe |
Montgomery |
Morgan |
| Muhlenberg |
Nelson |
Nicholas |
Ohio |
| Oldham |
Owen |
Owsley |
Pendleton |
| Perry |
Pike |
Powell |
Pulaski |
| Robertson |
Rockcastle |
Rowan |
Russell |
| Scott |
Shelby |
Simpson |
Spencer |
| Taylor |
Todd |
Trigg |
Trimble |
| Union |
Warren |
Washington |
Wayne |
| Webster |
Whitley |
Wolfe |
Woodford |
There are currently three classifications of Kentucky Real Estate Appraisers. The qualifications for Kentucky Real Estate Appraiser are set by the Appraiser Qualifications Board of The Appraisal Foundation.
- Licensed Real Estate Appraiser
- Certified Residential Real Estate Appraiser
- Certified General Real Estate Appraiser
Please read the following for an overview of each.
1. Licensed Real Estate Appraiser
- Minimum of 195 classroom hours of specific subjects.
- 15 hours in respect to the Uniform Standards of Professional Appraisal Practice (USPAP).
- Establish at least 2,000 hours of appraiser experience over a minimum 12 month period.
- Must have an Associate's degree or equivalent from an accredited institution or 21 semester hours in respective classes.
- Pass the Kentucky Real Estate Appraiser Licensed exam.
2. Certified Residential Real Estate Appraiser
- May perform an appraisal on one to four family residential units without regard to transaction value or complexity.
- Minimum of 215 classroom hours of specific subjects.
- 15 hours in respect to the Uniform Standards of Professional Appraisal Practice (USPAP).
- Establish at least 2,500 hours of appraiser experience over a minimum 24 month period.
- Must have an Associate's degree or equivalent from an accredited institution or 21 semester hours in respective classes.
- Pass the Kentucky Real Estate Appraiser Certified exam.
3. Certified General Real Estate Appraiser
- May perform an appraisal on all types of real estate.
- Minimum of 300 classroom hours of specific subjects.
- 15 hours in respect to the Uniform Standards of Professional Appraisal Practice (USPAP).
- Establish at least 3,000 hours of appraiser experience over a minimum 30 month period.
- Must have a Bachelor's degree or higher from an accredited institution or 30 semester hours in respective courses.
- Pass the Kentucky Real Estate Appraiser Certified General exam.
All Kansas real estate appraiser work must be in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP).
Prior to receiving a Kentucky Real Estate Appraiser Licensed or Certified designation, an individual must complete a minimum of 90 classroom hours of specific course study. Further, a total of 15 hours must be in respect to the Uniform Standards of Professional Appraisal Practice (USPAP). An Associate Kentucky Real Estate Appraiser is an individual engaged in the practice of real estate appraisal who is being taught to become a state licensed or certified appraiser under the direct supervision of a supervising appraiser.
If you would like to find a job as a Kentucky Real Estate Appraiser, click here.
Kentucky Real Estate Appraiser Search
The Appraisal Process -
Overview of the on-site inspection, report generation, and respective guidelines. |
