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What are the types of licensure, and what can each type appraise?

April 26, 2017appraise licensure type types

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What are the types of licensure, and what can each type appraise?

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A. The three types of licensure are State License, Certified Residential, and Certified General. For federally related transactions, State Licensed appraisers can perform residential appraisals with a transaction value less than $1,000,000; non-residential property must be appraised by a certified appraiser. For more information, go to the web site of the federal institutions and review their statutes.