{"id":20594,"date":"2022-06-14T14:29:44","date_gmt":"2022-06-14T18:29:44","guid":{"rendered":"https:\/\/keyrealtyschool.carney.co\/?page_id=20594"},"modified":"2022-06-20T15:31:00","modified_gmt":"2022-06-20T19:31:00","slug":"faq","status":"publish","type":"page","link":"https:\/\/keyrealtyschool.carney.co\/appraisal\/faq\/","title":{"rendered":"Appraisal FAQs"},"content":{"rendered":"\n<div class=\"wp-block-cover alignfull is-light is-style-hero\" style=\"min-height:600px;aspect-ratio:unset;\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-100 has-background-dim has-background-gradient has-green-300-to-transparent-gradient-background\"><\/span><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">        <div class=\"bb-section has-text-color has-white-color bb-pt-6 bb-pb-6 alignfull\" >\n            <div class=\"bb-container container\">\n                \n        <div class=\"bb-columns row\">\n            \n        <div class=\"bb-column col-md-6  col-12  col-sm-8  col-lg-5\">\n            <div class=\"bb-column__inner \" >\n                \n\n<h1 class=\"wp-block-heading\">We&#8217;ve got your questions answered.<\/h1>\n\n\n\n<p>Appraisal is a broad topic and we know you&#8217;ve got questions. That&#8217;s why we&#8217;ve rounded up some of the most frequently asked questions and answered them below.<\/p>\n\n            <\/div>\n        <\/div>\n    \n        <\/div>\n    \n            <\/div>\n        <\/div>\n    <\/div><\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"has-green-500-color has-text-color wp-block-heading\">Appraisal FAQs<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n  <ol class='accordion list-unstyled' id='block_629cc00a1b0af'>\n  <li class='accordion-item card' id='block_629cc00b1b0b0'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_629cc00b1b0b0-body\" aria-expanded=\"false\" aria-controls=\"block_629cc00b1b0b0-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      What Nevada Law Governs the licensing process and practice of appraisal?    <\/button>\n    <div id=\"block_629cc00b1b0b0-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>The primary law governing the practice of real estate appraisal is NRS\/NAC 645C.&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20210420112348\/http:\/\/www.leg.state.nv.us\/Division\/Legal\/LawLibrary\/NRS\/NRS-645C.html\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to review NRS 645C&nbsp;<\/a>&nbsp;\u2013&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20210420112348\/http:\/\/www.leg.state.nv.us\/Division\/Legal\/LawLibrary\/NAC\/NAC-645C.html\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to review NAC 645C<\/a><\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_629d2705316d1'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_629d2705316d1-body\" aria-expanded=\"false\" aria-controls=\"block_629d2705316d1-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      What must a student complete before they can register as an intern?    <\/button>\n    <div id=\"block_629d2705316d1-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Students must complete at least 78 Hours of initial appraisal education. The 78 hours of education must include at least 15 hours of USPAP education as well as at least 3 hours of Nevada law. The remaining balance of appraisal education can be taken in any approved appraisal subjects. (Key Realty School\u2019s balance of the 78 hours of education is comprised of Appraisal Fundamentals)<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_629d2705316d2'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_629d2705316d2-body\" aria-expanded=\"false\" aria-controls=\"block_629d2705316d2-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Who does an intern practice under?    <\/button>\n    <div id=\"block_629d2705316d2-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>After completing the educational requirements a student would then activate the internship position under an already existing certified or general appraiser.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_629d2706316d3'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_629d2706316d3-body\" aria-expanded=\"false\" aria-controls=\"block_629d2706316d3-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Does a student need to take an examination before they can start the internship?    <\/button>\n    <div id=\"block_629d2706316d3-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>NO. Though there is a state licensing exam, the exam is taken during or after the internship. This is because the appraisal exam must be taken within one year of the activation of the appraisers license, not the internship. (The appraisal license and registered intern are two completely different positions, but the student must complete one to move into the next)<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a88744f1a5a'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a88744f1a5a-body\" aria-expanded=\"false\" aria-controls=\"block_62a88744f1a5a-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      What is the difference between the 150 Hour requirement and the 78 Hour requirement?    <\/button>\n    <div id=\"block_62a88744f1a5a-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>The state of Nevada requires 78 Hours of Appraisal education before a student can start the internship. The state of Nevada requires 150 Hours of Appraisal education before a student can become licensed. The difference in education is 72 hours, meaning that a student must take the balance of the 72 hours (in any approved appraisal education) before the registered intern can activate an appraisers license. Key Realty School recommends that the balance of education (72 hours) is taken directly before the states examination is given (therefore exam review). Education required by Nevada or other governing bodies may change, thus requiring additional education during the two year internship to activate the license.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8875df1a5b'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8875df1a5b-body\" aria-expanded=\"false\" aria-controls=\"block_62a8875df1a5b-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      How can a prospective intern find an appraiser whom they can intern under?    <\/button>\n    <div id=\"block_62a8875df1a5b-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Key Realty School can provide students with lists of existing licensed appraisers. Students can then seek out the internship position from this list or through contacts they have made in appraising, mortgage companies or real estate.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8877ef1a5c'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8877ef1a5c-body\" aria-expanded=\"false\" aria-controls=\"block_62a8877ef1a5c-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Is the internship paid?    <\/button>\n    <div id=\"block_62a8877ef1a5c-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>The pay scale is determined by negotiation between the licensed appraiser and the intern.&nbsp;<em>Example:<\/em>&nbsp;Appraiser \u201cSmith\u201d agrees to pay intern \u201cJones\u201d $150 per appraisal completed. Appraiser \u201cSmith\u201d will sign off on the \u201cJones\u201d appraisal to make it valid. Though \u201cJones\u201d performed the majority of the work \u201cSmith\u201d will also retain $150 for signing off using his expertise.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a88796f1a5d'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a88796f1a5d-body\" aria-expanded=\"false\" aria-controls=\"block_62a88796f1a5d-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      What is the demand for qualified real property appraisers?    <\/button>\n    <div id=\"block_62a88796f1a5d-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>There is a wide array of clients who use real estate appraisals. For instance, lenders use them for loan collateral purposes; lawyers use them in property disputes, such as divorces; insurance companies use them to assist in determining the value of the property to be insured; and property owners may use them when appealing tax assessments, for estate purposes and estimating a property\u2019s value when buying or selling real estate.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a887b2f1a5e'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a887b2f1a5e-body\" aria-expanded=\"false\" aria-controls=\"block_62a887b2f1a5e-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Do I need to obtain a credential or license in order to appraise real property?    <\/button>\n    <div id=\"block_62a887b2f1a5e-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Federal law requires all individuals appraising properties in a federally related transaction (e.g. a federally insured lender is involved in the transaction) to be either state licensed or certified. In addition, many states have enacted laws that require any real property appraisals to be performed by an individual who is state licensed or certified. Professional appraisal organizations also offer designations that often exceed the minimum requirements of state licensure. Since licensing\/certification is required to show minimum competency, designations offer appraisers a way to further demonstrate their knowledge and professionalism.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a887caf1a5f'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a887caf1a5f-body\" aria-expanded=\"false\" aria-controls=\"block_62a887caf1a5f-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Who regulates real property appraisers?    <\/button>\n    <div id=\"block_62a887caf1a5f-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Each state and territory has a real property appraiser regulatory program. In the vast majority of instances, a board composed of between five and nine individuals governs the program. In addition to issuing licenses and certificates, the board is also responsible for disciplining appraisers.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a887e6f1a60'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a887e6f1a60-body\" aria-expanded=\"false\" aria-controls=\"block_62a887e6f1a60-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Do I need a college degree to become an appraiser?    <\/button>\n    <div id=\"block_62a887e6f1a60-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>No college is required to activate a registered intern. No degree is required to activate an appraisal license but some college credits will be required. Applicants for the state certified residential and state certified general classifications (statuses higher than licensed) must possess a college degree or complete specific college-courses.&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20210420112348\/http:\/\/red.nv.gov\/Content\/Appraisal\/Licensing_Requirements\/\" target=\"_blank\" rel=\"noopener\">(Use the following link for additional information pertaining to the college education requirement for said higher statuses of licensing)<\/a>.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a88805f1a61'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a88805f1a61-body\" aria-expanded=\"false\" aria-controls=\"block_62a88805f1a61-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      How can I gain the necessary experience?    <\/button>\n    <div id=\"block_62a88805f1a61-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>One of the best ways to gain experience is to serve as an apprentice or trainee with a state appraiser. Many states offer a trainee classification that formalizes the relationship between the state licensed or certified appraiser and someone who is wishing to become one. (Note: Effective January 1, 2008, state certified appraisers or general appraisers can supervise trainees.) Professional appraisal organizations may also be helpful in assisting with mentor programs.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8881af1a62'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8881af1a62-body\" aria-expanded=\"false\" aria-controls=\"block_62a8881af1a62-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      What do I have to do to qualify to sit for the examination?    <\/button>\n    <div id=\"block_62a8881af1a62-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>In order to qualify to take the state examination, you must have completed your qualifying education classroom hour requirement.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a88835f1a63'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a88835f1a63-body\" aria-expanded=\"false\" aria-controls=\"block_62a88835f1a63-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      How long is the examination?    <\/button>\n    <div id=\"block_62a88835f1a63-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Depending on the classification you are seeking to obtain, the examination is between 100 and 125 questions and takes approximately one to three hours.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a88849f1a64'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a88849f1a64-body\" aria-expanded=\"false\" aria-controls=\"block_62a88849f1a64-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Do appraisers have to follow any set of performance standards or guidelines?    <\/button>\n    <div id=\"block_62a88849f1a64-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>The Uniform Standards of Professional Appraisal Practice (USPAP), which are promulgated by the Appraisal Standards Board of the Appraisal Foundation, are the generally recognized performance standards for the appraisal profession. Violation of these standards can lead to disciplinary action by government regulators and appraisal organizations. A copy of USPAP can be obtained from The Appraisal Foundation.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a88864f1a65'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a88864f1a65-body\" aria-expanded=\"false\" aria-controls=\"block_62a88864f1a65-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      May I appraise any type of real property once I become state licensed?    <\/button>\n    <div id=\"block_62a88864f1a65-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Generally, real property appraisers can obtain one of three types of credentials issued by a state. Each credential allows an appraiser to perform assignments within the following parameters:<\/p>\n\n\n\n<ol><li>State Licensed Appraiser: may appraise non-complex 1-4 family residential units with a value less than $1,000,000 and complex 1-4 family residential units with a transaction value less than $250,000.<\/li><li>State Certified Residential: may appraise 1-4 family residential units without regard to transaction value or complexity.<\/li><li>State Certified General: may appraise all types of real property.<\/li><\/ol>\n\n\n\n<p>Although a license\/certification might be obtained, competency in a specific field of expertise is needed. Certain states may have laws that differ from these (AQB) qualification criteria. All appraisers should consult their state laws prior to accepting certain appraisal assignments.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a888e8f1a66'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a888e8f1a66-body\" aria-expanded=\"false\" aria-controls=\"block_62a888e8f1a66-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Why should I consider belonging to one of the professional appraisal organizations?    <\/button>\n    <div id=\"block_62a888e8f1a66-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Professional appraisal organizations offer quality educational offerings and can keep you abreast of technological changes impacting the profession. Many offer \u201cdesignations\u201d that are awarded when you have completed a certain level of education and experience. These designations allow appraisers to demonstrate a higher level of expertise and specialization. In addition, they can serve as your voice on state and federal government issues. Many appraisal organizations are structured on a \u201cchapter\u201d basis, which allows members to network with their colleagues in a local area.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a88900f1a67'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a88900f1a67-body\" aria-expanded=\"false\" aria-controls=\"block_62a88900f1a67-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      How do I become a designated appraiser?    <\/button>\n    <div id=\"block_62a88900f1a67-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>You will need to contact one of the many professional organizations representing appraisers directly regarding membership and the course of action for designation. The following national appraisal organizations are Appraisal Sponsors of the Foundation:<\/p>\n\n\n\n<ul><li>American Society of Appraisers<\/li><li>American Society of Farm Managers and Rural Appraisers<\/li><li>Appraisal Institute<\/li><li>International Association of Assessing Officers<\/li><li>International Right of Way Association<\/li><li>Massachusetts Board of Real Estate Appraisers<\/li><li>National Association of Independent Fee Appraisers<\/li><li>National Association of Master Appraisers<\/li><\/ul>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a88917f1a68'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a88917f1a68-body\" aria-expanded=\"false\" aria-controls=\"block_62a88917f1a68-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      What does the future hold for the appraisal profession?    <\/button>\n    <div id=\"block_62a88917f1a68-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Of course, predicting the future is risky business, but the outlook for the appraisal profession is generally positive. Like most professions, the appraisal business is rapidly changing due to technology and globalization of the American economy. It is clear that these changes will open many doors to valuation experts, particularly those with a computer or statistical background. Appraisers are important when the economy is growing and also when it is in recession. Overall there may be fewer appraisers in the future but those who find their niche should be prosperous.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a88936f1a69'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a88936f1a69-body\" aria-expanded=\"false\" aria-controls=\"block_62a88936f1a69-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Does the government regulate appraisers?    <\/button>\n    <div id=\"block_62a88936f1a69-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Currently, the government regulates only real property appraisers. The power of regulation currently rests with the individual states and territories that issue licenses and certificates to real property appraisers. In addition, each individual State Real Property Appraisal Board is responsible for disciplining appraisers.<\/p>\n\n\n\n<p>At this time, there are no immediate plans for the regulation of appraisers who specialize in other types of property.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8894bf1a6a'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8894bf1a6a-body\" aria-expanded=\"false\" aria-controls=\"block_62a8894bf1a6a-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      How do I become an appraiser?    <\/button>\n    <div id=\"block_62a8894bf1a6a-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>The process of becoming an appraiser differs according to the various appraisal disciplines. Most appraisers are required to have a certain number of hours of education and experience. In addition, if an appraiser wishes to become state licensed or certified in real property or if an appraiser wishes to become \u201cdesignated\u201d by an appraisal organization, they must also pass a comprehensive examination.<\/p>\n\n\n\n<p>The Appraiser Qualifications Board (AQB) of The Appraisal Foundation recommends the following minimum criteria for state licensed\/certified real property appraisers:<\/p>\n\n\n\n<p><a href=\"https:\/\/web.archive.org\/web\/20210420112348\/http:\/\/red.nv.gov\/Content\/Appraisal\/Licensing_Requirements\/\" target=\"_blank\" rel=\"noopener\">***Click here to examine the current requirements under Nevada law.<\/a><\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a88981f1a6b'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a88981f1a6b-body\" aria-expanded=\"false\" aria-controls=\"block_62a88981f1a6b-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      What is an appraisal \u201cdesignation\u201d?    <\/button>\n    <div id=\"block_62a88981f1a6b-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>An appraisal designation is awarded by one of many professional trade organizations that represent appraisers (see listing of Appraisal Sponsors on the back panel). Designations are awarded after an individual has completed a specific course of appraiser training through an organization. Each organization offers multiple designations in differing fields or specialties.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a889a0f1a6c'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a889a0f1a6c-body\" aria-expanded=\"false\" aria-controls=\"block_62a889a0f1a6c-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      How do I become a designated appraiser?    <\/button>\n    <div id=\"block_62a889a0f1a6c-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>You will need to contact one of the many professional organizations representing appraisers regarding membership and the course of action for designation.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a889b3f1a6d'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a889b3f1a6d-body\" aria-expanded=\"false\" aria-controls=\"block_62a889b3f1a6d-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Why should I join a professional appraisal organization?    <\/button>\n    <div id=\"block_62a889b3f1a6d-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>A professional appraisal organization provides appraisers with the opportunity to network with other professionals, to keep abreast of pertinent issues such as regulatory changes and to receive continuing education.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a889c8f1a6e'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a889c8f1a6e-body\" aria-expanded=\"false\" aria-controls=\"block_62a889c8f1a6e-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      How do I obtain trainee experience?    <\/button>\n    <div id=\"block_62a889c8f1a6e-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Trainee experience can be gained by aligning yourself with a professional, established appraiser as an apprentice or a trainee. Many appraisers work as an apprentice while completing the required education. For real property appraisers, many states have formal trainee programs.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a889dff1a6f'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a889dff1a6f-body\" aria-expanded=\"false\" aria-controls=\"block_62a889dff1a6f-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      What is The Appraisal Foundation?    <\/button>\n    <div id=\"block_62a889dff1a6f-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>The Appraisal Foundation is a non-profit educational organization dedicated to the promulgation of professional appraisal standards and appraiser qualifications for all appraisal disciplines. The Foundation accomplishes this mission through the work of two independent Boards, the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB).<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a889f5f1a70'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a889f5f1a70-body\" aria-expanded=\"false\" aria-controls=\"block_62a889f5f1a70-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Why should I be interested in the work of the Foundation?    <\/button>\n    <div id=\"block_62a889f5f1a70-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>The Foundation, through its Appraisal Standards Board, publishes the Uniform Standards of Professional Appraisal Practice (USPAP), which is the generally accepted set of performance standards for appraisers. It is these standards that are enforced by state governments and various professional appraisal organizations. In addition, the minimum qualifications for certain appraisal disciplines are established by the Appraiser Qualifications Board of the Foundation.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n<\/ol>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Appraisal FAQs<\/p>\n","protected":false},"author":941,"featured_media":0,"parent":19818,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/keyrealtyschool.carney.co\/wp-json\/wp\/v2\/pages\/20594"}],"collection":[{"href":"https:\/\/keyrealtyschool.carney.co\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/keyrealtyschool.carney.co\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/keyrealtyschool.carney.co\/wp-json\/wp\/v2\/users\/941"}],"replies":[{"embeddable":true,"href":"https:\/\/keyrealtyschool.carney.co\/wp-json\/wp\/v2\/comments?post=20594"}],"version-history":[{"count":3,"href":"https:\/\/keyrealtyschool.carney.co\/wp-json\/wp\/v2\/pages\/20594\/revisions"}],"predecessor-version":[{"id":21867,"href":"https:\/\/keyrealtyschool.carney.co\/wp-json\/wp\/v2\/pages\/20594\/revisions\/21867"}],"up":[{"embeddable":true,"href":"https:\/\/keyrealtyschool.carney.co\/wp-json\/wp\/v2\/pages\/19818"}],"wp:attachment":[{"href":"https:\/\/keyrealtyschool.carney.co\/wp-json\/wp\/v2\/media?parent=20594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}