who is appraiser
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Appraiser DEFINITION of 'Appraiser'. A practitioner who has the knowledge and expertise necessary to estimate the value of an asset, or the likelihood of an event occurring, and the cost of such an occurrence. Ideally, an appraiser acts independently of the buying and selling parties in a transaction in order to arrive at the fair value of an asset without bias.
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- As defined in USPAP, an appraisal. is the act or process of developing an opinion of value. The valuation process is a systematic procedure the. appraiser follows to answer a client’s question about. real property value. The most common type of appraisal assignment is. the development of an opinion of market value.
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Texas Appraisal District County Appraisal District Chief Appraiser. The chief appraiser is the head of the county appraisal district appraisal office. The board of directors appoints and directs the chief appraiser and it also determins the chief appraiser's compensation.
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Frequently Asked Questions The appraiser briefly walks through the house to get an idea of the general condition and room count. An appraisal is not a guarantee of condition. The appraiser will ask about any visible problems and those which may not be visible, and will do his/her best to gauge any impact on value attributable to those problems.
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The Underwriter's Home Appraisal and the Closing An appraiser acts as the eyes and ears for the lender and provides an unbiased opinion of the property. All mortgage loans, with the exception of certain streamline refinances and home equity loans, require an acceptable appraisal report to close.
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Fly Guy: What's the difference between first and business class? But the price differences between business and first can be enormous, and for some people it's just not worth the extra spend. But so far we've been discussing mostly international travel. On domestic routes within the U.S., first or business class can be a bit of a disappointment.
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- A process by which an insurance carrier and a homeowner arrive at an agreed value for a loss covered by a homeowners insurance policy. In auto insurance, an appraisal is a process by which a body shop employee or auto damage appraiser estimates the cost to repair a damaged vehicle.
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Mortgage Appraisals and Appraised Value Mortgage Appraisals and Appraised Value A “home appraisal” is a comprehensive report that determines the value of your property based on a number of factors, ranging from gross living space, to the view and the year a property was built.
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Real Estate Appraiser: Job Description & Career Requirements Real estate appraisers play a key role in the process of valuing, selling and buying of homes. Their common duties include appraising homes, commercial real estate and other properties, preparing appraisal reports, keeping up-to-date on the local real estate market and handling additional responsibilities as needed. third certification-the Licensed Residential Real Property Appraiser-is also offered by most states. The certification process for real estate appraisers generally involves training requirements, a period of time working as a trainee and passing required examinations.
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- The median annual wage for appraisers and assessors of real estate was $51,860 in May 2015. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $27,040, and the highest 10 percent earned more than $97,080.
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- Appraisers employed by the City of Edina Assessing Department are professionals with stringent training and experience requirements set by the State Board of Assessors. The State Board of Assessors administers licensure of appraisers. The City of Edina Assessing Department staff appraisers are: * Adrienne Ledermann.
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- Featured Online Colleges. Chief Appraiser. DEFINITION: Under general direction, researches, analyzes, and develops real and personal property appraisal systems, standards, and procedures within the Assessor division of the County Clerk-Recorder/Assessor's Office; serves as a technical consultant; and performs related duties as required.
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Appraisers and Assessors of Real Estate What Appraisers and Assessors of Real Estate Do About this section. Appraisers and assessors of real estate inspect new and existing properties. Appraisers and assessors of real estate provide an estimate of the value of land and the buildings on the land usually before it is sold, mortgaged, taxed, insured, or developed.
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- The Property Appraiser is responsible for ensuring the fair assessment (value) of all properties and applying all exemptions. Your County Commission, School Board, City Commission, Water District, and other boards set your tax rates.
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Feature: The Appraisal Problem A recent survey by appraisal industry publication Working RE magazine revealed that 20 percent of respondents indicated plans to retire in the near future. In fact, trade associations and industry experts estimate the average age of a real estate appraiser to be between 52 and 55.
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- An appraisal is a written estimate of a property’s market value completed by an appraiser. The value is. based upon a market analysis of recent sales prices for similar properties in the area, and the. property’s physical condition. The appraisal is performed by an appraiser, an objective third party whose job is to give their.
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Real Estate Appraisal A real estate appraisal is an independent estimate of the value of a parcel of real estate by an appraiser using approved, standardized methods. In many states, appraisers are required to be licensed.However, appraisals are opinions and will vary with the appraiser.owever, since professional appraisals cost money, real estate agents generally do a competitive market analysis to establish a selling price for a home. A competitive market analysis (CMA) is the estimation of the value of a property by comparing it to similar properties in the same area that have been recently sold.
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- A “provisional appraiser” under Connecticut law is someone who must work under the supervision of a certified appraiser when engaged in the business of estimating the value of real estate. A “supervising appraiser” is a certified appraiser who is responsible for directly supervising the provisional appraiser.
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- Renew License Online. A State certified real estate appraiser means a person who develops and communicates real estate appraisal and who holds a current, valid certificate issued to him or her for either general or residential real estate under the provisions of this article.
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The Home Appraisal Process Appraisals are conducted by highly-trained professionals who are licensed and/or certified to determine the value of a home fairly, objectively and without bias in the state where the property is located. While no appraiser is infallible, his or her opinion of the value of your home is informed by rigorous training, numerous tests, several years of on-the-job experience and required continuing education.
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- (Image courtesy of Apple). Add to iTunes and Sync Music. Open the File menu in iTunes on your computer and click Add File to Library to pick an MP3 to add. If you can't see the menus, press Ctrl-B.
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Appraiser Appraisers are useful when attempting to attach a value to items such as jewelry, art, gems, family heirlooms and real estate. Because of the lack of liquidity in these assets and the necessity to rely on comparisons to estimate their value, investors tend to hold an appraiser's work in high regard.
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- It is the valuation of the collateral that creates the need for a lender to. use the services of a professional appraiser. A professional appraiser is an integral. part of the collateral valuation, whether it is real property or personal property. The. primary purpose of this guide is to assist the lender in working with the appraiser to. properly value the collateral as part of the loan underwriting process.
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Property Appraiser: Job Description, Duties and Requirements Property Appraiser Job Description. A property appraiser helps to establish the value of a property through examination and research. An appraiser may concentrate on a specific area of real estate, such as commercial or residential. Concentration areas may also be more specific, such as hotels, restaurants or condominiums.
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appraise appraising. 1  transitive verb. 2  1 : to set a value on : to estimate the amount of appraise the damage. 3  2 : to evaluate the worth, significance, or status of; especially : to give an expert judgment of the value or merit of appraise an actor's career.
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www.nar.realtor For general appraisers, this designation is awarded to those whose education and experience exceed state appraisal certification requirements and is supported by the National Association of REALTORS®. Presented by National Association of REALTORS®. Contact GAA program staff at 800-874-6500 ext.