Appraiser licensing varies
from state to state. To participate in what
is called a "federally-related transaction,"
which is, for example, a mortgage being
underwritten by a national bank, an appraiser
must be licensed or certified by his or
her state. The license or certification
is evidence that the appraiser has performed
a certain number of hours as a trainee under
the supervision of a practicing appraiser,
may have passed an examination, and completes
a certain number of hours of Continuing
Education Training.
Prior to the Savings and Loan crisis of
the 80s, which gave rise to appraiser licensing,
appraisers had to market their expertise,
service, professionalism and association
designations. Many feel that state licensing
has diluted the appraisal profession. Many
consider licensure a bare minimum of what
you should expect from an appraiser.
We have worked hard to establish a reputation
for quality and prompt work, performed professionally
and ethically, with outstanding customer
service. You should never just look for
a licensed appraiser; you should be discriminating
in choosing your service providers. Tour
our website for valuable information on
the experience we have and the service we
provide.
You should always be sure your appraisal
service provider is licensed and in good
standing. The Appraisal Subcommittee (ASC)
of the Federal Financial Institutions Examination
Council (FFIEC) maintains a national database
of appraisers and their license/certification
status. It is available publicly at this
link.
Among other things, this database, which
relies on reports from each state appraisal
board, will tell you if a service provider
you are considering has had his or her license
suspended, revoked, or whether the license
has lapsed. You can rest assured that our
license is current and in good standing!
What is USPAP?
Appraiser
Ethics
Appraiser Licensing
