WHEN IS A REAL ESTATE APPRAISER LICENSE REQUIRED?
A license is mandatory for any person in Michigan who issues an evaluation, opinion, conclusion or analysis relating to the value of real property. An appraiser license is not required for, nor are the following considered appraisals: A Market analysis performed by a person licensed as a real estate broker or salesperson solely for the purpose of assisting a customer or potential customer in determining the potential sale, purchase, or listing price of real property or the rental rate of real property as long as a fee or any other valuable consideration is not charged for that analysis. An assessment of the value of real property performed on behalf of a local unit of government authorized to impose property taxes when performed by a certified assessor, or an individual employed in an assessing capacity. A market analysis of real property for a fee when performed by a licensed broker or associated broker, which does not involve a federally related transaction. Refer to the Occupational
Related Questions
- If I am a CPA, or have a Texas real estate broker, salesperson, or appraiser license, can I sponsor or hire registered property tax consultants?
- If I hold a real estate broker, salesperson or appraiser license, are my registration, education and examination requirements different?
- If I hold a real estate brokers, salespersons or an appraiser license, are my education requirements for registration different?
