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A Certified General Appraiser is a professional who has met specific educational and experience requirements established by regulatory authorities, allowing them to appraise a wide range of properties, including residential, commercial, and industrial real estate. This designation indicates that the appraiser has advanced knowledge of appraisal principles, practices, and regulations. Certified General Appraisers are often required to pass a rigorous examination and adhere to ethical standards set by organizations like the Appraisal Foundation. Their expertise is crucial for ensuring accurate property valuations in various contexts, such as sales, financing, and taxation.
What else can I help you with?
Can a certified residential appraiser appraise commercial vacant land?
No. A certified residential appraiser can contribute to the appraisal but it must be under the supervision of a certified general appraiser.
What is the easiest state to get a certified general appraiser certification?
florida
When do you have to have a certified general appraisal?
A Certified General Appraiser is required if the property is a non-residential property or a residential property that exceeds four units.
Can a state certified general appraiser appraise residential property?
A Certified General Appraiser may appraise any type of property, residential or commercial, in states where they are licensed, subject to their competence; both in the type of property and geography.
Can a Certified Residential Appraiser go over 1000000?
Yes, a Certified Residential Appraiser can appraise properties valued over $1,000,000, but they must comply with specific regulations and may need to hold additional credentials, such as a Certified General Appraiser license, depending on state laws. The appraiser's expertise and the complexity of the property may also influence their ability to effectively evaluate higher-value properties. It's essential for appraisers to stay updated on local regulations and market conditions when handling such appraisals.
Is there a value limit to what a state certified residential appraiser can appraise?
Yes, there is a value limit for what a state-certified residential appraiser can appraise. Generally, certified residential appraisers are authorized to appraise residential properties up to a certain value, which varies by state but typically includes properties with a value of up to $1 million or more. For properties exceeding this limit, a certified general appraiser is usually required. It's essential for appraisers to be aware of their specific state regulations and any applicable federal guidelines.
How do I get the required 3000 hours to become a licensed appraiser ?
You can work under as an apprentice under a certified appraiser.
Can a state certified residential appraiser appraise a commercial building?
A certified residential appraiser can appraise any residential property with up to four units, regardless of value. However, they cannot appraise a commercial property.
When was Certified General Accountants of Ontario created?
Certified General Accountants of Ontario was created in 1957.
How many associates can a certified residential appraiser supervise at once?
A certified residential appraiser can supervise a maximum of three associates at once, according to the guidelines set by the Appraisal Foundation. This limit ensures that the supervising appraiser can provide adequate oversight and training to each associate. However, it's important to check specific state regulations, as they may vary.
Can a state certified residential appraiser appraise a 7-unit residential property?
A Certified Residential Appraiser CAN appraise a 7-unit residential property. There are several ways that it can be done. One example: If the 7-unit residential property sold for $1,000,000 but the transaction value is below $250,000 the Certified Residential can do the appraisal.
What are the general requirements to obtain a VA refinance loan?
Obtaining a VA refinance loan is not as hard as some individuals claim, however, there are a few general requirements. To obtain a refinance loan, individuals must reside in a home, have a qualifying credit, have the home appraised by a certified appraiser, as well as provide income verification.
