How do I become an equipment appraiser?

Equipment appraisers are personal property appraisers, and there is no federal license requirement for that field; Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) applies only to real property appraisers, although some states require certification for personal property appraisers. Many practitioners complete the 15-Hour Uniform Standards of Professional Appraisal Practice (USPAP) personal property course, and organizations such as the American Society of Appraisers require USPAP adherence as a condition of membership.

Equipment appraisal is not regulated under Idaho's real estate appraiser licensing. The Idaho Real Estate Appraisers Act covers real property only, and the Board's rules exclude USPAP Standards 7, 8, 9, and 10 because they cover personal property and business appraisal. A person appraising equipment does not need the real estate appraiser credential issued by the Division of Occupational and Professional Licenses.