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What is the scope of practice of licensed appraisers?

April 26, 2017appraisers licensed Practice SCOPE

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What is the scope of practice of licensed appraisers?

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A. Licensed appraisers may conduct appraisals of complex 1-to-4 family residential property having a transaction value of not more than $250,000; non-complex 1-to-4 family residential property having a transaction value of not more than one million dollars, and commercial real estate having a transaction value of not more than $250,000.