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appraiser: FAQ: What Does A Real Estate Appraiser Do?
- 05/16/15 01:19 PM
An appraiser gives an opinion of the quality, value, or utility of a specific property. An appraisal is usually required whenever real estate is sold, mortgaged, taxed, insured, or developed.
A typical appraisal might include physically inspecting the property, measuring the improvements and collecting the associated costs, preparing a site drawing, writing the physical description of the property, researching official records and deeds, finding similar properties to compare, and writing a final appraisal report.
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appraiser: 2014 Real Estate Appraiser State Exam Pass Rate
- 01/19/15 08:35 AM
The number of people who took the Florida State Certified Appraiser Exam in 2014 was only 37. Out of this, 23 students passed the first time taking the exam. Although the amount of people who take the Certified Residental Appraiser exam is not very high, the passing rate is 62%, which is not bad.
As expected, the second go around for students taking the state exam is much lower, coming in at only 34% for 2014. This drops the overall yearly passing rate for both first time and second time test takers down to 47%.
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appraiser: A Federally Related Transaction
- 06/12/11 05:11 PM
A Federally Related Transaction must be prepared by a state-certified or licensed appraiser. Unless a real estate-related financial transaction has been specifically exempted, Certified or licensed appraiser is not required if the transaction value is $250,000 or less. •The transaction value is the loan amount and in some situations, the market value.
Market Value means the most probable price a property will bring from a fully informed buyer, willing but not compelled to buy and the lowest price a fully informed seller will accept if not compelled to sell.
Real estate licensees are cautioned that just because a transaction is not … (0 comments)
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appraiser: Types of value an appraiser may estimate
- 06/12/11 05:10 PM
There are many types of value that an appraiser may be hired to estimate;
Assessed value - the value used as a basis for property taxation
Insurance value - an estimate of the amount of money required to replace a structure
Investment value - the price an investor would pay, given the investor's own financing requirements and income tax situation.
Liquidation value - the value associated with a rapid sale. For example; the amount a property would bring in a foreclosure sale.
Going-concern value - the value of an income producing property or business characterized by a significant operating history.
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appraiser: Appraiser Examination Requirements
- 01/17/11 11:24 AM
To be certified as an appraiser, the applicant must demonstrate, by passing a written examination, that she or he possesses:
(1) A knowledge of technical terms commonly used in real estate appraisal.
(2) An understanding of the principles of land economics, real estate appraisal processes, reliable sources of appraising data, and problems likely to be encountered in the gathering, interpreting, and processing of data in carrying out appraisal disciplines.
(3) An understanding of the standards for the development and communication of real estate appraisals as provided in this part.
(4) An understanding of the types of misconduct for which disciplinary proceedings … (0 comments)
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An appraiser gives an opinion of the quality, value, or utility of a specific property. An appraisal is usually required whenever real estate is sold, mortgaged, taxed, insured, or developed. 
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