Greece, New York

What Are the Qualifications of a Certified Appraiser? March 30, 2017

Greece, Monroe
What Are the Qualifications of a Certified Appraiser?, Greece, New York

When you want a professional valuation of a house or apartment building, who do you contact to do the job? The certified appraisers at Metro Appraisal Associates in Rochester, NY, take pride in educating property owners about the work of appraisers and their real estate appraisal services. Here, they explain how an individual qualifies to earn the title of appraiser.  

To become a certified appraiser in New York, an applicant must meet three requirements:

  • Education: The amount of education applicants need to become appraisers depends on the designation they seek. They can be a licensed real estate appraiser, a certified residential appraiser, or a certified general appraiser. The state requires all applicants to complete a series of courses on real estate appraisals and laws. Real estate appraisers must take 28 hours of continuing education courses every two years to renew their licenses.
  • certified appraisers Rochester NYTesting: Each applicant must pass a written examination. The test topics include basic appraisal principles and procedures, real estate market analysis, highest and best use, site valuation and cost approach, and report writing. Test results are valid for 24 months.
  • Experience: Before licensure, every real estate appraiser must conduct 2,000 hours of property appraisals within 24 months’ time. To earn a certified residential appraiser license, an applicant needs 2,500 hours of experience over a period of 24 months. A certified general appraiser license applicant needs 3,000 hours of experience within 30 months.

Metro Appraisal Associates is staffed by certified residential and general appraisers serving property owners who need residential and commercial real estate appraisal services. These knowledgeable professionals have a 25-year track record of producing prompt, thorough reports. You can depend on their training and skills when you entrust your property valuation projects to them. 

Turn to Metro Appraisal Associates when you need an appraisal in the Rochester, NY, area. Call (585) 225-3042 to schedule an appointment with one of their certified appraisers, and visit them online for more information about the various services they offer.

Other Announcements, Events and Deals from Metro Appraisal Associates
4 Frequently Asked Questions About Real Estate Appraisals , Greece, New York
A qualified real estate appraiser is a trained professional who uses several methods to reach an unbiased opinion about the value of a piece of property. This information is more
What You Need to Know About Commercial Appraisals , Greece, New York
Whether you’re a small business owner or the head of a large corporation, buying commercial real estate is a significant investment. To ensure you get a fair deal, you’ll need to more
4 Details Buyers & Sellers Should Know About Real Estate Appraisals , Greece, New York
Real estate appraisals are a key part of the home buying and selling process. They are typically required by mortgage lenders to identify how much a property is worth before more
What Is FHA Approval & How Does a House Qualify?, Greece, New York
If you're considering buying a home with a Federal Housing Administration (FHA) loan, you're sure to hear the term 'FHA approved' mentioned regularly. The approval is such an more
Real Estate Price & Value: An Appraisal Expert Explains the Difference, Greece, New York
Whether you’re a buyer or seller, the value of a house is an important aspect of a real estate transaction. However, this number won’t always be equal to the asking price or more