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Can you explain the different levels of Real Estate Appraisal?
I found this information on The Appraisal Foundation website, but it doesn't explain the real differences between - Licensed Residential (2,000 hrs) - Certified Residential (2,500 hrs) - Certified General (3,000 hrs) If I'm a Licensed Residential Appraiser, how does that differ (aside from the hours) from being a Certified General Appraiser? Thank you.

Posted by Gringo on 11/16/06
Total Answers: 3

Answers-

There are also limits to what you can appraise as far as value. Check out my site, then go to my appraisal page to get specific info: Educate yourself about credit, mortgage, and finance at: http://www.thetruthaboutmortgage.com

Answer posted by Scot184 on 2006-11-16 09:59:52

A general appraiser is also able to do, land, commercial, etc. Certifed residential, is just that, residential!

Answer posted by dmckinner on 2006-11-16 10:39:08

I am a Certified General Appraiser. The main differences are Licensed Residential- appraise residential properties up to $1,000,000. Certified Residential- appraise residential propertie with no limits Certified General- appraise any property residential/commercial with no limits In order to get to the next levels you have to take more classes and pass the state test fo ryour level Licensed Residential- Aq-1, USPAP, R-1, R-2 pass state Licensed Residential and Submit hours Certified Residential- Same coures with R-3, R-4 Pass state test Certified General- take Licensed Residential courses and G-1, G- 2 and G-3 pass state test If you are motivated you should go for General Certification. The classes with the Appraisal Institute are difficult but they will give you the best education. In January 2008, they are requiring more class hours and want a 4 year college degree in order to get this license. My advice is to complete the classes and pass the test as soon as possible.

Answer posted by tianaramal on 2006-11-16 10:49:13

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