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A home appraiser is a professional tasked with estimating the market value of a house for a variety of purposes including real estate transactions, mortgage financing, estate, tax purposes, marketing listing purposes, and litigation.
How to Become a Licensed Real Estate Appraiser in Virginia Obtain Your Virginia Appraiser Trainee License. ... Complete Your Licensed Residential Real Estate Appraiser Education. ... Conduct Your Appraisal Work Experience. ... Submit Your Application. ... Pass the National Uniform Licensing & Certification Examination.
Important Qualities Analytical skills. Property appraisers and assessors use many sources of data when estimating values. ... Customer-service skills. ... Math skills. ... Organizational skills. ... Problem-solving skills. ... Time-management skills.
An appraiser performs a complete and detailed analysis of a property to determine its market value. Appraisers conduct site visits and document property features, comparing them against similar properties.
The duties of a Real Estate Appraiser include evaluating properties, establishing market values, conducting on-site visits, inspecting properties, interviewing clients, preparing detailed reports, and staying updated with industry regulations and best practices.
An appraisal is a written document that shows an opinion of how much a property is worth. The appraisal gives you useful information about the property.
How to become a VA appraiser Five years of experience appraising residential properties. Two or more letters of recommendation from fee appraisers. No conflict of interest between the applicant's employment and performance as a VA fee appraiser. Not an employee of HUD, FNMA, FHLMC, or the Postal Service.
Here are some key roles and responsibilities typically expected of an appraiser: Travel to different locations to meet with clients and evaluate properties or objects of value. Write reports that summarize an appraisal and the factors that contributed to an increased or decreased value of an item or property.