October 26, 2022

Appraiser Qualifications Board Accelerates Licensure Process for Schack Institute Real Estate Graduates

The Appraiser Qualifications Board (AQB) of The Appraisal Foundation, the nation’s foremost authority on the valuation profession, recently informed the NYU SPS Schack Institute of Real Estate that their graduates can now apply course credits toward the Real Property Appraiser Qualification Criteria.

The ability to apply these credits toward licensure with the AQB allows MS in Real Estate and MS in Real Estate Development students to significantly accelerate the licensure process. This authorization from the Appraisal Foundation, valid through 2025, is unique among graduate schools offering degrees in real estate.

Schack has long provided expert education in real estate valuation and market analysis with several distinguished faculty practitioners, including professors Constantine Korologos and Robert Smith, both members of numerous prominent professional appraisal and advisory organizations.

“This is an affirmation of the quality of the Schack graduate real estate curriculum,” said Barry Hersh, a clinical professor at Schack. “Real estate education at Schack features a deep understanding of real estate valuation approaches, some traditional such as market comparison and income capitalization, others new such as energy performance, resilience, and sustainability metrics.”

The Appraisal Foundation boards are responsible for setting congressionally-authorized standards and qualifications for real estate appraisers and provide voluntary guidance for all valuation professionals. Their mission is to advance the valuation profession by setting standards of excellence, promoting education, and upholding the public trust.

For further information about the NYU SPS Schack Institute of Real Estate graduate programs, please go to the Schack Institute web page.

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