Certified General Appraiser Exam: Structure, Tips & What to Expect
The Certified General Appraiser Exam, also known as the Comprehensive Exam, is a multi-module challenge that assesses your ability to apply advanced appraisal knowledge. It’s not just about what you know—it’s about how you apply it under pressure. This guide will walk you through the structure of the exam, expert tips for success, and exactly what to expect on test day.
Overview of the Exam Structure
The exam is divided into four separate modules:
General Concepts
Cost Approach and Highest & Best Use (HBU)
Sales Comparison Approach
Income Capitalization Approach
Each module must be scheduled individually through Pearson VUE and completed within a 30-day testing window. You can take the modules in any order, and each must be passed independently.
Time Allotments Per Module
General Concepts: 3 hours 30 minutes
Cost & HBU: 3 hours 30 minutes
Sales Comparison: 4 hours
Income: 4 hours
All questions are computer-based, and the format is consistent with other Appraisal Institute exams.
What to Expect From Each Module
General Concepts Module
Covers definitions, ethics, valuation theory, and process. You’ll encounter questions on:
USPAP compliance
Types of value
Principles like substitution, balance, and anticipation
Market influences (economic, governmental, social, environmental)
Cost Approach & HBU Module
Tests your skills in:
Calculating replacement and reproduction costs
Applying depreciation
Analyzing the highest and best use of land and improvements
Defending your conclusions using the four HBU tests
Sales Comparison Module
Focuses on comparable analysis and adjustment techniques. You’ll need to:
Build and interpret adjustment grids
Justify adjustments using market data
Apply reconciliation and bracketing logic
Income Capitalization Module
Emphasizes technical math and investment analysis. You must:
Conduct DCF and direct capitalization valuations
Analyze leases, expenses, and NOI
Estimate reversion and apply yield rates
Understand risk and investor expectations
Top Tips for Success on Each Module
Tip 1: Prioritize Based on Strengths
Schedule your strongest module first to build momentum. Save the most challenging for later in the 30-day window.
Tip 2: Practice in a Realistic Format
Use simulated software, time limits, and scratch paper to mimic the Pearson VUE environment.
Tip 3: Memorize Core Formulas
Key formulas should be second nature. Focus on:
Cost estimation
Cap rates and yield calculations
Adjustment methods
NOI and DCF equations
Tip 4: Know When to Move On
Don’t get stuck on one question. Flag it, stay calm, and return to it after addressing easier questions.
Test-Day Experience: What You Need to Know
Arrival & Check-In
Arrive at least 30 minutes early
Bring two forms of ID
Follow Pearson VUE’s digital check-in process
You’ll be assigned a testing station and receive exam instructions
During the Exam
Use your time strategically
Utilize flagging features to review questions
Use approved calculators only (confirm with the Appraisal Institute in advance)
After Each Module
You’ll receive your results after completion
If you don’t pass, you can retake that specific module in a future window
The Certified General Appraiser Exam is a rigorous but achievable goal with the right preparation. Knowing the structure and setting realistic expectations can help you approach each module with clarity and confidence. Focus on mastering one section at a time, and soon you’ll be on your way to achieving the highest level of appraisal certification.