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What qualifications are required to appraise real estate?

April 26, 2017appraise qualifications Real Estate

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What qualifications are required to appraise real estate?

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Federal law requires all individuals appraising properties in a federally related transaction (ie. a federally insured lender is involved in the transaction) to be either state licensed or certified. In addition, many states have enacted laws that require any real property appraisal to be performed by an individual who is state licensed or certified. Click here to open a PDF showing AQB guidelines and requirements for becoming a real estate appraiser.