The Marshall Bennett Institute of Real Estate at Roosevelt University (MBIRE) said Wednesday that coursework from its bachelor of business administration major and master of science real estate degree programs has been approved by the Appraiser Qualifications Board to satisfy most educational requirements to obtain a state license as a real property appraiser. Reportedly it’s the first college in Illinois to receive this approval. 

Effective immediately and retroactive to include those who graduated from MBIRE as of and after May 2020, the approval grants credit for 285 of the required 300 hours, reducing the path to appraisal licensure by more than a year. 

“This approval is a monumental step in the right direction for our students as well as the industry,” said Collete English Dixon, executive director of MBIRE. “Students will save not only hundreds of hours on the path to becoming an appraiser, but also thousands of dollars in tuition – allowing them to advance their career sooner than anticipated and with less barriers, like the additional class hours and fees.  

She added, “Since we have one of the most diverse bodies of real estate students in the country, we will be supplying the valuation industry with access to a much-needed, diverse pipeline of talent.”