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ILLINOIS REAL ESTATE APPRAISER
PRACTICE EXAM — QUESTIONS WITH
VERIFIED ANSWERS AND COMPLETE
RATIONALES
## SECTION 1: ILLINOIS LICENSING LAW & REGULATIONS
**1. Which Illinois law governs the licensing and regulation of
real estate appraisers?**
A. Real Estate License Act of 2000
B. Real Estate Appraiser Licensing Act of 2002
C. Illinois Administrative Procedure Act
D. Uniform Standards of Professional Appraisal Practice
**Correct answer:** B
**Rationale:** The Real Estate Appraiser Licensing Act of 2002
[225 ILCS 458] is the governing statute for appraiser licensure
in Illinois . The Real Estate License Act of 2000 governs
brokers and salespersons, not appraisers .
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**2. How many hours of qualifying education are required for
the Certified Residential Real Estate Appraiser credential in
Illinois?**
A. 150 hours
B. 200 hours
C. 250 hours
D. 300 hours
**Correct answer:** B
**Rationale:** The Certified Residential Appraiser credential
requires 200 hours of qualifying education through an approved
Illinois appraisal provider. This includes courses such as Basic
Appraisal Principles (30 hours), Basic Appraisal Procedures (30
hours), and Residential Market Analysis (15 hours) .
---
**3. What is the minimum experience requirement for the
Certified General Real Estate Appraiser license in Illinois?**
A. 1,500 hours over 12 months
B. 2,000 hours over 12 months
C. 3,000 hours over 18 months
ILLINOIS REAL ESTATE APPRAISER
PRACTICE EXAM — QUESTIONS WITH
VERIFIED ANSWERS AND COMPLETE
RATIONALES
## SECTION 1: ILLINOIS LICENSING LAW & REGULATIONS
**1. Which Illinois law governs the licensing and regulation of
real estate appraisers?**
A. Real Estate License Act of 2000
B. Real Estate Appraiser Licensing Act of 2002
C. Illinois Administrative Procedure Act
D. Uniform Standards of Professional Appraisal Practice
**Correct answer:** B
**Rationale:** The Real Estate Appraiser Licensing Act of 2002
[225 ILCS 458] is the governing statute for appraiser licensure
in Illinois . The Real Estate License Act of 2000 governs
brokers and salespersons, not appraisers .
---
, 2 | Page
**2. How many hours of qualifying education are required for
the Certified Residential Real Estate Appraiser credential in
Illinois?**
A. 150 hours
B. 200 hours
C. 250 hours
D. 300 hours
**Correct answer:** B
**Rationale:** The Certified Residential Appraiser credential
requires 200 hours of qualifying education through an approved
Illinois appraisal provider. This includes courses such as Basic
Appraisal Principles (30 hours), Basic Appraisal Procedures (30
hours), and Residential Market Analysis (15 hours) .
---
**3. What is the minimum experience requirement for the
Certified General Real Estate Appraiser license in Illinois?**
A. 1,500 hours over 12 months
B. 2,000 hours over 12 months
C. 3,000 hours over 18 months
