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WHAT'S NEW IN CALIFORNIA APPRAISAL PRACTICE?
In February 2004, The Appraiser Qualifications Board (AQB) of the
Appraisal Foundation adopted changes to the real property appraiser
qualifications criteria that will become effective January 1, 2008. The
requirements individuals must meet in order to become a licensed or
certified appraiser will change significantly. The changes include increased
requirements for qualifying education and experience, and a new Uniform
State Appraiser Examination.
The real property appraiser criteria effective January 1, 2008 are
summarized below.
AQB Minimum Real Property Appraiser Qualifying Criteria (Effective
January 1, 2008) OREA
License Levels
Trainee License (AT) - may assist in all appraisal assignments for which
the supervising appraiser is licensed to perform.
90 hours of appraisal related education
No hours of experience required
Residential (AL) - may appraise 1-4 unit non-complex residential
properties with a transaction value of no greater than $1,000,000.00.
150 Hours of education and 2,000 Hours of experience (accumulated over
at least a 12 month period)
Certified Residential (AR) - may appraise all 1-4 unit residential properties
and commercial with a maximum transaction value of $250,000.00.
200 Hours Associate Degree
2,500 Hours of experience (accumulated over at least a 24 month period)
Certified General (AG) -may appraise all residential and commercial
property.
300 Hours Bachelors Degree
3,000 Hours of experience that includes at least 1500 non-residential
experience hours
(accumulated over at least a 30 month period)
Individuals gaining experience at the AT level must be supervised by a
certified licensed level appraiser under the new criteria. No supervisor can
supervise more than three trainees.
HOW DO I KNOW THE APPRAISER I SELECT IS QUALIFIED TO APPRAISE MY
PROPERTY?
As of November 28, 2005, California has 18,854 licensed appraisers and
trainees appraising property in California:
6,475 (AT) Trainee Level;
4,924 (AL) Residential Level;
4,143 (AR) Certified Residential Level; and
3,312 (AG) General Certified Level.
In any profession, its common knowledge that the best professional for an
assignment is the one with the best training and experience for the job.
During the latest real estate cycle, a great number of entry level
appraisers have flooded the real estate profession that lack the knowledge
and experience to perform reliable appraisal reports. Therefore the public
and real estate industry professionals should be aware of the differences
in the level of appraiser they have selected for their appraisal assignments
and select the professional that best suits their specific appraising needs.
(Above information provided by the California Office of Real Estate
Appraisers)
WHY SHOULD I CHOOSE LAZARUS APPRAISAL SERVICES OVER THE 23,500+
PROFESSIONAL APPRAISERS LICENSED IN CALIFORNIA?
*LICENSED CALIFORNIA CERTIFIED GENERAL APPRAISER.
*LICENSED CALIFORNIA REAL ESTATE BROKER.
*GUARANTEED PROFESSIONAL APPRAISAL PERFORMED BY A
CERTIFIED GENERAL APPRAISER AND NOT A RESIDENTIAL OR
TRAINEE APPRAISER.
*20 YEARS OF PROFESSIONAL EXPERIENCE IN RESIDENTIAL AND
COMMERCIAL REAL ESTATE.
*APPRAISER WITH A SOLID PROFESSIONAL REAL ESTATE EDUCATION
& LICENSURE.
*FRIENDLY CUSTOMER SERVICE.
*DETAILED PROFESSIONAL.
*LICENSED CALIFORNIA REAL ESTATE BROKER AND SOLID
UNDERSTANDING OF REAL ESTATE MARKETS, SALES AND
TRANSACTIONS.
*SPECIAL VOLUME DISCOUNTS TO HIGH VOLUME CUSTOMERS.
*QUICK INSPECTION/REPORT TURN AROUND TIMES AND SPECIAL 1
DAY TURN AROUND TIME AVAILABILITY FOR RESIDENTIAL
PROPERTIES.
In February 2004, The Appraiser Qualifications Board (AQB) of the
Appraisal Foundation adopted changes to the real property appraiser
qualifications criteria that will become effective January 1, 2008. The
requirements individuals must meet in order to become a licensed or
certified appraiser will change significantly. The changes include increased
requirements for qualifying education and experience, and a new Uniform
State Appraiser Examination.
The real property appraiser criteria effective January 1, 2008 are
summarized below.
AQB Minimum Real Property Appraiser Qualifying Criteria (Effective
January 1, 2008) OREA
License Levels
Trainee License (AT) - may assist in all appraisal assignments for which
the supervising appraiser is licensed to perform.
90 hours of appraisal related education
No hours of experience required
Residential (AL) - may appraise 1-4 unit non-complex residential
properties with a transaction value of no greater than $1,000,000.00.
150 Hours of education and 2,000 Hours of experience (accumulated over
at least a 12 month period)
Certified Residential (AR) - may appraise all 1-4 unit residential properties
and commercial with a maximum transaction value of $250,000.00.
200 Hours Associate Degree
2,500 Hours of experience (accumulated over at least a 24 month period)
Certified General (AG) -may appraise all residential and commercial
property.
300 Hours Bachelors Degree
3,000 Hours of experience that includes at least 1500 non-residential
experience hours
(accumulated over at least a 30 month period)
Individuals gaining experience at the AT level must be supervised by a
certified licensed level appraiser under the new criteria. No supervisor can
supervise more than three trainees.
HOW DO I KNOW THE APPRAISER I SELECT IS QUALIFIED TO APPRAISE MY
PROPERTY?
As of November 28, 2005, California has 18,854 licensed appraisers and
trainees appraising property in California:
6,475 (AT) Trainee Level;
4,924 (AL) Residential Level;
4,143 (AR) Certified Residential Level; and
3,312 (AG) General Certified Level.
In any profession, its common knowledge that the best professional for an
assignment is the one with the best training and experience for the job.
During the latest real estate cycle, a great number of entry level
appraisers have flooded the real estate profession that lack the knowledge
and experience to perform reliable appraisal reports. Therefore the public
and real estate industry professionals should be aware of the differences
in the level of appraiser they have selected for their appraisal assignments
and select the professional that best suits their specific appraising needs.
(Above information provided by the California Office of Real Estate
Appraisers)
WHY SHOULD I CHOOSE LAZARUS APPRAISAL SERVICES OVER THE 23,500+
PROFESSIONAL APPRAISERS LICENSED IN CALIFORNIA?
*LICENSED CALIFORNIA CERTIFIED GENERAL APPRAISER.
*LICENSED CALIFORNIA REAL ESTATE BROKER.
*GUARANTEED PROFESSIONAL APPRAISAL PERFORMED BY A
CERTIFIED GENERAL APPRAISER AND NOT A RESIDENTIAL OR
TRAINEE APPRAISER.
*20 YEARS OF PROFESSIONAL EXPERIENCE IN RESIDENTIAL AND
COMMERCIAL REAL ESTATE.
*APPRAISER WITH A SOLID PROFESSIONAL REAL ESTATE EDUCATION
& LICENSURE.
*FRIENDLY CUSTOMER SERVICE.
*DETAILED PROFESSIONAL.
*LICENSED CALIFORNIA REAL ESTATE BROKER AND SOLID
UNDERSTANDING OF REAL ESTATE MARKETS, SALES AND
TRANSACTIONS.
*SPECIAL VOLUME DISCOUNTS TO HIGH VOLUME CUSTOMERS.
*QUICK INSPECTION/REPORT TURN AROUND TIMES AND SPECIAL 1
DAY TURN AROUND TIME AVAILABILITY FOR RESIDENTIAL
PROPERTIES.
LAZARUS APPRAISAL SERVICES