What Does it Mean to be a “Certified Residential Appraiser” in NC?

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There are many reasons you may be looking for a property appraiser in North Carolina. Perhaps you are working with a lender while buying or selling real estate or perhaps you are dealing with legal matters like settling an estate, finalizing a divorce or trying to reduce your property taxes or remove the private mortgage insurance requirement from your mortgage. Whatever your reasons, you are sure to want a highly qualified and experienced appraiser, and that is exactly what you will get when you choose a certified residential appraiser.

What Does it Mean to be a “Certified Residential Appraiser” in NC?

There are different levels of licensing and certifications when it comes to property appraisers in North Carolina. A certified residential appraiser can assess any residential property (of any value) that has one to four units and non-residential properties with one to four units if the value remains under $250,000.

To become a certified residential appraiser, several requirements must be met:

  • Education: To be a certified residential appraiser, a person must have a bachelor’s degree (in any field). They must also have 200+ hours of specific appraisal education from an approved institution.
  • Experience: Over a 12-month period, 1500+ hours of appraisal work are required.
  • Exam: There is a specific state exam that must be passed to achieve the status of “certified residential appraiser.”

Even after an appraiser passes the exam and finishes certification, they must maintain their status by participating in further educational opportunities and completing a minimum number of hours of appraisal work each year. When you choose a certified residential appraiser to complete your appraisal, you can feel confident knowing that they have the experience and knowledge needed to give you an accurate and unbiased opinion of your property’s worth.