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What is the difference between an AL & AR appraiser license?

April 26, 2017AL appraiser ar difference license

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What is the difference between an AL & AR appraiser license?

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The State of California defines an appraiser with an AL license as capable of appraising NON COMPLEX 1-4 unit properties only. Lenders generally use a transaction value of under $1,000,000. For any properties that are complex and/or have a transaction value of over $1,000,000 an AR licensed appraiser must be used. AR appraisers must have more experience and take more classroom hours of education to qualify for the AR designation. Upcoming requirements include a Bachelors degree for an AR designation and an Associates degree for an AL.