What information does a home appraiser need?
Photographs of the home’s front, back, and street scene. Front exterior photographs of each comparable property used. Other pertinent information—such as market sales data, public land records, and public tax records—that the appraiser requires to determine the property’s fair market value. 2.
How much do appraisals cost in Michigan?
Home Appraisal Costs Near You
| Georgia | $290 – $365 |
|---|---|
| Michigan | $270 – $320 |
| California | $300 – $400 |
| Nevada | $300 – $370 |
| Maryland | $295 – $380 |
What are the requirements for an appraisal license in Michigan?
Appraisal Subject Matter Electives – 30 hours. Experience: 3,000 hours of acceptable appraisal experience in no less than 18 months. A minimum of 1,500 hours of the required experience must be in non-residential appraisal work. College Education: Must have a Bachelor’s degree or higher.
When did real estate appraisers become legal in Michigan?
Real Estate Appraisers Real Estate Appraisers was created in 1991, under Article 26 of Public Act 299 of 1980, as amended, to license and regulate the services of real estate appraisers in Michigan. Real Estate Appraisers Qualifications Criteria – Effective May 1, 2018. New Administrative Rules for Real Estate Appraisers – Effective May 18, 2018.
How to get an appraiser license in North Carolina?
Basic Appraisal Principles – 30 hours. Basic Appraisal Procedures – 30 hours. General Appraiser Market Analysis & Highest and Best Use – 30 hours. General Appraiser Site Valuation and Cost Approach – 30 hours. General Appraiser Sales Comparison Approach – 30 hours. General Appraiser Report Writing and Case Studies – 30 hours.
Do you need a license to be an appraiser in Michigan?
REGULATION OF THE REAL ESTATE APPRAISER PROFESSION The real estate appraisal practice in Michigan is regulated by the Department of Licensing and Regulatory Affairs (LARA). You must be licensed to practice as a real estate appraiser in Michigan.
How to find an appraiser for your property?
Appraisal Review and Management – review of a completed appraisal. Selecting a specialty will help narrow your search and find appraisers with experience appraising certain types of objects.
How many homes can a Lara certified appraiser appraise?
Certified Residential Appraisers may appraise 1 to 4 family residential real property of any type or value, including appraisals for federally related transactions.
How long is the Michigan real estate appraiser exam?
The MI State Licensed Real Estate Appraiser exam consists of 110 scored questions and 15 non-scored questions. You have a total of 4 hours to complete this exam.
