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Appraiser Licensing
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, and please feel
free to contact us if you have any questions of would like
references.
You should always be sure
your home appraiser 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.
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. The
State of California Office of Real Estate Appraisers, or OREA
also has a database of California appraisers. This listing
includes information on current licensees, prior licensees
that have resigned, been revoked, or had the right to renew
their license revoked. This information is typically updated
on a bi-weekly basis. For information that is more recent than
the "Last Updated" date shown on the page, or for
any additional information, you may contact their office at
(916) 552-9000.
You
can rest assured that our license is current and in
good standing!
To
search for our license status, click
here.
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