Federal law regulates how an appraiser can use the designations licensed or certified. These designations have a different set of educational requirements and work experience, and the type of appraisals that can be performed are different as well.
The Appraiser Qualifications Board or AQB stipulates minimum educational requirements for each designation of an appraiser. Obtaining licensed appraiser classification involves 150 hours of coursework, including education in basic appraisal principles and procedures, professional standards, methods of evaluation, and report writing. A certified appraiser must complete an additional coursework involve real estate finances and statistic, residential applications, and case studies, and a more advanced education in report writing.
Certified real estate appraisers are professionals. Within the field, as with any profession, we are held to an ethical standard. An appraiser’s primary responsibility is to their client. Appraisers have a duty of confidentiality to their clients. This involves an obligation of numerical accuracy, maintenance of a specific level of competency and education, and for an appraiser to conduct themselves as a professional. Sosa Appraisal Group takes these ethical considerations very seriously. With Sosa Appraisal Group, you can be assured of 100% ethical, and professional service.
