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What are licensing requirements for real estate appraisers?

April 26, 2017appraisers licensing Real Estate requirements

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What are licensing requirements for real estate appraisers?

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An appraiser must be licensed to do any federal related transaction or any assignment where the client requests or requires a licensed appraiser. There are three levels of Appraisal Licensing in Illinois. The first level of licensing is an Associate Appraiser – 157. An Associate Appraiser must work under the supervision of a State Certified Appraiser for a minimum of two years.