The Appraisal Institute (AI) recently announced the reopening of a scholarship funded by The Appraisal Foundation (TAF) and administered by the Appraiser Development Initiative (ADI).
This scholarship provides full financial support for individuals pursuing licensure through an approved Practical Applications of Real Estate Appraisal (PAREA) program, while offering a flexible and accessible pathway into the valuation profession, according to a release.
The 2025 program year has already awarded 42 “Pathways to Success” scholarships supporting a pipeline of future appraisers.
Pathways to Success scholarship details:
- Application Window: July 1 – Sept. 30
- Coverage: Full tuition for a PAREA program and key startup costs
- Eligibility: Individuals pursuing an alternative path to appraiser licensure
Interested individuals can apply by completing the Pathways Readiness checklist and submitting their application through the scholarship portal.
“Notably, every graduate of the AI PAREA program who has taken the Licensed Residential (LR) exam to date has passed, a 100 percent pass rate that reflects the quality and rigor of the program,” the release stated. “Historically, the pass rate for first time test takers is 57 percent-to-64 percent for the LR, but that figure is up to 71 percent so far in 2025 largely due to the strong performance and preparation of AI PAREA graduates.”
PAREA milestones include a total of 38 total graduates, 27 LR credentials earned, one Certified Residential credential earned, while 23 additional participants are actively completing their first assignments.
The first AI PAREA graduate in the District of Columbia earned the LR credential in June, while the number of graduates is expected to surpass 50 in the coming weeks.