Just got my results for the SRA Senior Residential Appraiser exam. 71. The passing score is 70, so I scraped by with literally one point of margin. Not exactly the triumphant moment I imagined but honestly after three months of studying while working full time, I do not care — I passed.
The income approach section was the hardest for me. GRM vs GIM calculations, cap rate derivation, the reconciliation steps. I kept mixing up the order of operations on the income capitalization questions. Also the USPAP ethics section had some surprisingly tricky situational questions — the right answer is not always the most obvious ethical choice, it is the one that follows USPAP protocol specifically.
If you are studying for this, do not skip the Standards Rules. I glossed over SR 1-4 and SR 2 the first time through and paid for it. Spend real time on those.
71 is still passing. I got a 73 on mine and was equally relieved. The exam is genuinely hard for experienced appraisers because experience does not always transfer to how they phrase the questions.
The income approach section caught me off guard too. I kept confusing when to use GRM versus direct capitalization. Did you use any particular prep materials or mostly the AI textbooks?
Congratulations! A pass is a pass. I remember those USPAP situational questions — they are designed to distinguish between general ethical behavior and appraiser-specific obligations. Very different thing.
Quick update: just cleared 83% on my most recent SRA practice set using free sra market analysis highest best use. Sitting for the real thing in 2 weeks. Feeling cautiously optimistic.
Great discussion. One thing nobody mentions: sleep the night before matters more than one more study session. Went in fully rested for my SRA and felt sharper than expected.