What is a qualified appraiser?

Under federal law, a qualified appraiser holds a state license or certification whose requirements meet or exceed the minimum criteria of the Appraiser Qualifications Board (AQB) for education, experience, and examination, and is listed in active status on the Appraisal Subcommittee's Appraiser Registry. Federally related transactions of $1,000,000 or more require a state certified appraiser; all other federally related transactions require a state certified or licensed appraiser.

For federally related transactions, a qualified appraiser holds one of the three federally recognized credentials: State Licensed, Certified Residential, or Certified General. The Appraisal Subcommittee (ASC) maintains the National Registry of appraisers eligible for these assignments. Trainee credential holders are not federally recognized and cannot independently appraise property for federally related transactions, so they must work under a supervisory appraiser.

For federally related transactions, a qualified appraiser is one who is state certified or licensed and appears on the Appraisal Subcommittee (ASC) National Registry in the correct credential type. For FHA work, the credential must meet or exceed the Appraisal Qualification Board (AQB) criteria for Certified Residential or Certified General, and the appraiser's name, license number, and credential type must match the registry exactly. Trainee-level appraisers are not federally recognized and cannot independently appraise property for federally related transactions.

For federally related transactions, a qualified appraiser is a state-certified real estate appraiser listed on the Appraisal Subcommittee's National Registry. Certified appraisers must comply with the Uniform Standards of Professional Appraisal Practice (USPAP) in every assignment. Iowa issues two levels: certified residential, covering one- to four-unit residential property, and certified general, covering all real estate, including commercial and agricultural. An uncertified person may appraise for compensation only where federal or state law does not require certification.

A qualified appraiser in Louisiana holds a credential from the Louisiana Real Estate Appraisers Board and works within that credential's scope. Licensed Residential covers non-complex 1-4 unit homes under $1,000,000 and complex 1-4 unit homes under $400,000; Certified Residential covers 1-4 unit homes without regard to value or complexity; Certified General covers all property types. For federally related transactions, only state certified appraisers on the Appraisal Subcommittee's National Registry qualify; trainees may not appraise independently.

A qualified appraiser for federally related transactions holds one of the three federally recognized credentials: State Licensed, Certified Residential, or Certified General. The Appraisal Subcommittee's National Registry lists active appraisers who conform to the AQB criteria for their level. Trainees do not appear on the Registry, because the trainee level is not federally recognized and trainees cannot independently appraise property for federally related transactions.

A qualified appraiser is one who holds a current credential issued by a state appraiser regulatory board. Mississippi law makes it unlawful to engage in real estate appraisal activity without a license from the Mississippi Appraisal Board, which issues three federally recognized credentials: State Licensed, Certified Residential, and Certified General. Appraisers at these levels appear on the national Appraiser Registry and may appraise property in federally related transactions.

For FHA work, HUD defines a qualified appraiser as one who is state certified (Certified Residential or Certified General), appears on the Appraisal Subcommittee's National Registry with the "AQB Compliant" field showing "Yes", and is not listed on SAM, HUD's LDP list, or CAIVRS. Apprentice and licensed-level appraisers do not qualify for FHA roster assignments. In North Dakota, credential records flow to the Registry through the Real Estate Appraiser Qualifications and Ethics Board.

A qualified appraiser is an appraiser who holds a state-issued credential that meets the Real Property Appraiser Qualification Criteria set by the Appraiser Qualifications Board (AQB), the national standards for education, experience, and examination. In Pennsylvania, the State Board of Certified Real Estate Appraisers issues these credentials. Appraisers listed on the National Registry are eligible to perform appraisals for federally related transactions, which lenders and consumers use to verify credential status.

In Rhode Island, a qualified appraiser holds one of the four credentials the state issues, in ascending order: Licensed Trainee, Licensed Residential, Certified Residential, and Certified General Real Estate Appraiser. Since January 1, 2007, Rhode Island has been a mandatory state, so anyone issuing opinions or analyses of real property value or use must be licensed or certified. Licensed real estate brokers and salespersons may give opinions of value for listing, purchase, or sale purposes, but they must not call them appraisals.

For federally related transactions, a qualified appraiser is one who is state licensed or certified, in active status on the Appraisal Subcommittee (ASC) Appraiser Registry, and shown as AQB-compliant on that Registry. Trainee-level credential holders do not qualify, because the trainee level is not federally recognized and trainees cannot independently appraise property for federally related transactions. For FHA work, the appraiser must hold a Certified Residential or Certified General credential.

A qualified real estate appraiser holds a valid state-issued credential, meets Appraiser Qualifications Board (AQB) criteria, and has no current disciplinary action prohibiting practice. The federally recognized credential levels are State Licensed, Certified Residential, and Certified General. Federal law requires a state license or certification for appraisals on federally related transactions, and those appraisals must follow USPAP (Uniform Standards of Professional Appraisal Practice).

A qualified appraiser for a federally related transaction holds one of the three federally recognized credentials (State Licensed, State Certified Residential, or State Certified General) and appears on the Appraisal Subcommittee's National Registry. A registry status of "AQB Compliant: Yes" means the appraiser met the Appraiser Qualifications Board's criteria for education, experience, and examination. Trainee-level holders do not qualify, because the trainee level is not federally recognized.

In Virginia, a qualified appraiser is an individual licensed or certified by the Real Estate Appraiser Board. State law reserves the terms "appraiser" and "appraisal" for people the Board has credentialed, and it is unlawful to appraise real estate for compensation in Virginia without a license. The Board issues four individual credentials: Appraiser Trainee, Licensed Residential, Certified Residential, and Certified General.

In West Virginia, a qualified appraiser is a person credentialed by the West Virginia Real Estate Appraiser Licensing and Certification Board. The board issues three classifications: state licensed residential, state certified residential, and state certified general, plus an apprentice permit for trainees. Each level requires board-approved qualifying education, documented experience hours, a passed examination, and a criminal history record check.