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What is the difference between an SLA, a CRA, and a CGA?

April 26, 2017CGA CRA difference SLA

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What is the difference between an SLA, a CRA, and a CGA?

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The State of Hawaii defines an appraiser with an SLA (State Licensed Appraiser) 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 a CRA (Certified Residential Appraiser) must be used. Appraisers must have more experience and take more classroom hours of education to qualify for the CRA designation. Properties with more than 4 units and commercial properties must be appraised by a CGA (Certified General Appraiser).