What is PAREA and how can it be used to satisfy appraiser experience requirements?

PAREA, or Practical Applications of Real Estate Appraisal, is a virtual, competency-based alternative to gaining experience under a supervisory appraiser. Programs are approved by the Appraiser Qualifications Board (AQB) and delivered by independent education providers. PAREA can satisfy up to 100% of the experience hours for Licensed Residential and Certified Residential credentials and up to 50% for Certified General, though it awards no non-residential credit. You must complete all qualifying education first, and states are not obligated to accept PAREA, so check with your state agency.

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