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Is an appraisal license needed for non-lending appraisals?

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masmia

Thread Starter
Sophomore Member
Joined
Oct 16, 2007
Professional Status
Certified General Appraiser
State
Florida
I know a license is needed for any federally funded transaction but is one needed for any non-lending or non-federally funded work? Thanks.
 

Jo Ann Meyer Stratton

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Arizona
Depends on whether a state is mandatory or not. Arizona is mandatory state so all appraisals require a licensed or certified appraiser regardless.
 

Ray Miller

Elite Member
Joined
Feb 20, 2002
Professional Status
Licensed Appraiser
State
Wisconsin
Several states you don't need any kind of certification or License to appraised non FRT.

But do you understand what an FRT is?

How many appraisals are ordered on 1004 that are not FRT appraisal?

Is a Fannie a Fredddie and FRT appraisal?

Some states require that all appraisers have certifications and license for any appraisal product?

Do you know what your state requires?
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
A valuer is much better off not having an appraisal license.
No license, no regulation.
 

masmia

Thread Starter
Sophomore Member
Joined
Oct 16, 2007
Professional Status
Certified General Appraiser
State
Florida
From Florida Statute 475.612

"Only a certified or licensed appraiser may issue an appraisal report and receive direct compensation for providing valuation services for the appraisal report."
 

Couch Potato

Elite Member
Joined
Mar 15, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
From Florida Statute 475.612

"Only a certified or licensed appraiser may issue an appraisal report and receive direct compensation for providing valuation services for the appraisal report."
And then it goes on to say:
(2) This section does not preclude a Florida licensed real estate broker, sales associate, or broker associate who is not a Florida certified or licensed real estate appraiser from providing valuation services for compensation. Such persons may continue to provide valuation services for compensation so long as they do not represent themselves as certified, licensed, or registered under this part.
 

peturner

Member
Joined
Nov 28, 2006
Professional Status
Certified Residential Appraiser
State
Virginia
Virginia is a mandatory state. Licensed agents and brokers are exempt from licensure UNLESS the BPO is done "in lieu" of an appraisal. Do you think BPOs for foreclosures are done "in lieu" of an appraisal? I would love your feedback and opinions on this.
 
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