The Appraisal Institute is proud to announce the reopening of applications for the Pathways to Success scholarship, funded by The Appraisal Foundation 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 - offering a flexible and accessible pathway into the valuation profession.
The 2025 program year has already awarded 42 Pathways to Success scholarships supporting a pipeline of future appraisers.
Pathways to Success Scholarship Details:
- Applications for 3rd Quarter are open through September 12, 2025.
- Coverage: Full tuition for a PAREA program and key startup costs.
- Eligibility: Individuals pursuing an alternative path to appraiser licensure.
How to Apply:
- Complete the Pathways Readiness Checklist.
- Submit your application through the scholarship portal.
Apply for a Scholarship Today!
100 Percent Pass Rate Maintained
Notably, every graduate of the AI PAREA program who has taken the Licensed Residential exam to date has passed: a 100% pass rate that reflects the quality and rigor of the program. Historically, the pass rate for first time test takers is 57-64 percent for the Licensed Residential exam, 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:
- 38 Total Graduates. Among that total:
- 27 Earned the Licensed Residential (LR) Credential; and
- 1 Earned the Certified Residential (CR) Credential.
- 23 additional participants are actively completing their final assignments.
- The first AI PAREA graduate in the District of Columbia earned the LR credential in June.
- We expect to surpass 50 graduates in the coming weeks.
In Other PAREA News
Thanks to the legislative efforts of NCAI, PAREA will be available for aspiring NC appraisers beginning January 1, 2026. Apply for your scholarship today!