How Qualified is a Certified Residential Appraiser?

At some point in your life, you will most likely have to deal with a certified residential appraiser for a real estate transaction. When you buy or sell a house, it will have to be appraised in order to complete the process. Banks require an appraisal of the property before they will lend against a house. This makes certified residential appraisers an integral part of the real estate process. Without them, everything would be a big guessing game in real estate. Many people wonder just how qualified these appraisers really are to shoulder such a big responsibility. Here are the basics of what it takes to become a certified residential appraiser.

Basics

Although the process can vary a little bit depending on where you live, the basics of becoming an appraiser are the same. Most appraisers go to college and obtain a degree in their field. They then have to become a certified trainee in their specific state. This requires taking certain classes and passing a test. From there, you will have to be an apprentice to an experienced appraiser.

Time Frame


If you obtain a degree first, obviously this will take four to five years. From there, they can be an apprentice from one to three years before they are ready to go out on their own. 

 

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