Real Estate Appraiser Information for the State of Illinois

Real estate appraisers are required to be licensed, per Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989.    This act required that each of the states establish an agency for the licensure, certification, and regulation of appraisers.

In Illinois, the Illinois Department of Financial and Professional Regulation (IDFPR) is in charge of this oversight.

There are three classifications of real estate appraiser in the State of Illinois.  These classifications are:

  1. Associate Real Estate Trainee Appraiser
  2. Certified Residential Real Estate Appraiser
  3. Certified General Real Estate Appraiser

Those new to a career in real estate appraisals must begin as a Associate Real Estate Trainee Appraiser.  There is no experience required.  However, it is necessary to complete the state required coursework to become a Associate Real Estate Trainee Appraiser.  The trainee must then work under a supervisor for a specified number of hours in order to be eligible to become a licensed or certified appraiser.

Please see the links below for additional resources:

Visit our page that provides an overview of appraisal classifications and requirements.

Visit the website for Illinois Department of Financial and Professional Regulation to view Illinois specific requirements.

Online Courses for Illinois Appraisers

Appraiser Sidekick is partnering with Career WebSchool to offer online appraisal courses.

Click on the link for the type of real estate appraisal course that you are interested:

Illinois Qualifying Education (for the new appraiser)
Illinois Continuing Education (for appraisers who need to satisfy CE requirements)

Real Estate Appraiser Jobs in Illinois

Appraiser

BGC Partners - Chicago, IL (30+ days ago)
Under minimal supervision, appraises real estate properties for the purposes of dispute resolution, mortgage underwriting, acquisition/disposition, portfolio... Apply Now

Certified Real Estate Appraiser

Mueller Appraisal Service - Plainfield, IL (1 day ago)
We are looking to hire a Certified Real Estate Appraiser with ample experience. We will not be accepting any resumes for trainees at this time.... Apply Now

Analyst/Appraiser – Valuation & Advisory Services – Chicago, IL

JLL - Chicago, IL (11 days ago)
Real estate related internship strongly preferred. Bachelor’s Degree in accounting, economics, finance, and/or real estate.... Apply Now

Real Estate Valuation Analyst

Altus Group - Chicago, IL (17 days ago)
University or college degree in Real Estate, Finance, or related field with a minimum 3.2 GPA. Altus Group is currently looking for a new Real Estate Valuation... Apply Now

Commercial Real Estate Appraiser/Analyst – May 2019 Graduates – Chicago

JLL - Chicago, IL (30+ days ago)
Are you interested in becoming a Commercial Real Estate Appraiser ? Real estate related internship strongly preferred.... Apply Now

Financial Analyst, Investments

Equity Residential - Chicago, IL (12 days ago)
Investment Officers, Vice Presidents of Property Management, Regional Managers, real estate brokers, appraisers, environmental consultants, real estate tax... Apply Now

Relationship Manager in Training

First Look Appraisals, LLC - Chicago, IL (3 days ago)
Appraisal Coordinator - Relationship Manager in Training Program, Real Estate. First Look hires the best and brightest in the real estate industry.... Apply Now

Analyst, Sr Valuation & Advisory

BGC Partners - Chicago, IL (30+ days ago)
Preference is given to MS or MBA in Real Estate. Preferably in real estate or related subjects such as Economics & Finance;... Apply Now

Heavy Equipment Appraiser

Sedgwick - Naperville, IL (24 days ago)
Heavy Equipment Appraiser. We specialize in large/complex losses, large domestic and international commercial risks, middle market commercial property losses,... Apply Now

Senior Due Diligence Analyst

The Inland Real Estate Group of Companies, Inc - Oak Brook, IL (30+ days ago)
Performs research of real estate markets, tenants and other due diligence related items. This position requires over 3 years of prior professional experience,... Apply Now
jobs by Indeed job search

Real Estate Appraisal Career Information from the Appraiser Sidekick Blog

Click here to visit our complete blog

Methods for Logging Appraiser Hours

All real estate appraisers need experience hours in order to upgrade their license.  This is a requirement per the Appraisal Qualification Board (AQB) and by individual states.In order to show that an appraiser has obtained the necessary experience hours, their hours...

read more

How do I find a supervisor to train me?

"How do I find a supervisor to train me?"  This is the most common question that prospective appraisers ask us.  Although the question is asked in different ways, the idea is always the same: if you are interested in a career in real estate appraising or have even...

read more

7 Great Reasons to Become a Real Estate Appraiser

Are you considering becoming a real estate appraiser, but not sure if it's right career for you?  Appraising can be an interesting and rewarding career.  The career outlook for real estate appraisers is excellent. Real estate appraising isn't for...

read more

Job Outlook for Real Estate Appraisers

The job outlook for real estate appraisers is very good.  Although the demand for real estate appraisers varies from state to state, and is cyclical in line with the housing market, there is a growing need for appraisers due to more housing, more commercial...

read more

How Much Income Do Real Estate Appraisers Earn?

According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for real estate appraisers and assessors was $51,860, as of May 2015.  The top 10% of all appraisers earned more than $97,080.  (*Median means 50% of population is higher and 50% of...

read more

Tools of the Trade

View resources to help any real estate appraiser or aspiring appraiser. These resources include:

1. Online Education – Qualifying, Continuing (CE), and Test Prep

2. Appraisal Business Software

3. General Business Software

4. Appraisal Tools