Answer: True Explanation: Webster defines an appraisal as "an act or instance of appraising something or someone" Cambridge defines it as "the act of examining someone or something in order to judge their or its qualities, success, or needs"'.
Thus a realtor, or any individual can appraise a property. However for legal purposes a state licensed appraiser trained in acceptable real estate practices and guidelines must be used. |
| Solid Impressions Appraisals |
Answer: True Explanation: All real estate appraisers in the United States must be licensed or certified by the state in which they practice. This requirement ensures that appraisers meet minimum standards of education, experience, and ethical conduct. |
| California Home Appraisal |
Answer: True Explanation: Licensing ensures that appraisers meet essential education and experience standards, upholding the quality and professionalism of the field. It mandates ongoing education, helping appraisers stay informed about industry advancements and best practices. By enforcing licensure or certification, states aim to preserve the integrity of the appraisal process, which is vital for delivering fair and accurate property valuations in real estate transactions, mortgage lending, and property taxation. This regulatory framework helps foster trust and transparency, ensuring that property valuations are reliable and unbiased. |
| First American Appraisers Inc. |
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| ProMatcher |
Answer: True Explanation: Licensed in California |
| Pruett Appraisal |
Answer: True Explanation: The statement is generally true. In the United States, real estate appraisers are typically required to be licensed or certified by their home state to legally conduct real estate appraisals. State-level licensing and certification requirements are established to ensure that appraisers have the necessary education, training, and qualifications to provide accurate and reliable property valuations. However, the specific requirements and regulations can vary from one state to another.
It's essential for individuals interested in becoming real estate appraisers to research and understand the licensing or certification requirements in their state and comply with them to practice legally. Additionally, there are different levels of licensure or certification, such as Licensed Appraiser, Certified Residential Appraiser, and Certified General Appraiser, which may have varying educational and experience prerequisites depending on the state and the type of properties an appraiser intends to appraise. |
| Detailed Analysis, Inc. |
Answer: True Explanation: Bureau of Real Estate Appraisers in each state safeguard public trust by promoting professionalism in the real estate appraisal industry through licensing, education, and enforcement. |
| CA Real Estate Services |
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| ProMatcher |
Answer: True Explanation: California has a vigorous training requirement to become a Certified or Licensed Appraiser. |
| Pamela Evans |
Answer: True Explanation: NJ licenses are renewed every two years |
| Capital Appraisal Services |
Answer: True Explanation: All states require appraisers to be state licensed or certified in order to provide appraisals to federally regulated lenders. Some states require appraisers to be licensed or certified to provide appraisals for other parties as well. To become licensed or certified, you must pass an examination that is administered by your state’s appraisal board. |
| Real Living Kee Realty |
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| ProMatcher |
Answer: False Explanation: Not all real estate appraisers need to be licensed or certified. Licensed and certified appraisers are required when appraising properties in federally regulated transactions. |
| Residential Appraisal Associates |
Answer: True Explanation: depends on the type of property they are appraising |
| A Q Appraisals |
Answer: True Explanation: An appraiser must be licensed/certified in the state in which they are appraising. |
| Todd G. LiPira, SCGREA |
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| ProMatcher |
Answer: True Explanation: I am Certified. |
| Gilpatric Consulting LLC |
Answer: True Explanation: This is a state law and has been for 20 years. |
| Sacramento Valley Appraisal |
Answer: True Explanation: True |
| Provost International Realty |
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| ProMatcher |
Answer: False Explanation: Each state determines licensing requirements. For Mortgage Financing the lenders will require a Certified Appraiser (New York State) |
| TriCoast Appraisal, LLC |