What does it mean to be a residential appraiser?
Residential appraisers provide an unbiased estimate of a home or residential unit’s value.
Read on to find answers to your questions about residential appraisers to see if it's a career that fits you! We are here to help you get started on your career journey with a clear path and guidance through licensing and certification.
Residential appraisers provide an unbiased estimate of a home or residential unit’s value, but they also do so much more:
- Help a seller establish an acceptable sales price, and a buyer establish a reasonable offering price.
- Estimate the value of a home for a potential refinance.
- Identify areas that could be improved to enhance a property's value before listing it for sale.
- Establish a starting point to combine the ownership of various properties under one owner.
- Provide expert testimony and valuation reports in legal cases involving divorces, property disputes, or eminent domain proceedings.
- Establish the value of residential properties for taxation and equitable distribution in estate planning.
- Provide evidence for a tax appeal for homeowners who believe their property has been overvalued for tax assessment purposes.
You’ll need to hold a licensed or certified residential real property credential to become a residential appraiser.
Licensed Residential Real Property Appraisers appraise properties below a certain value and at a lower value cap for complex properties. Certified Residential Real Property Appraisers don’t have value or complexity limitations for residential appraisals on homes with up to four units.
Each state has different requirements for becoming certified or licensed, including qualifying education, experience requirements and exams. Certification requires more education and experience. To work toward either license, you’ll first complete introductory courses then check with your state regulatory board on specific requirements.
Don’t worry! We’ve outlined the path for you. If you choose either residential license type, we offer qualifying education courses and have fully mapped out your path to licensing and certification.
Resources for Residential Appraisers
Whether it’s expanding your knowledge of residential appraising, keeping a pulse on the latest residential issues or providing ways for you to expand your practice, AI offers key resources to help you succeed.
Published monthly, this e-newsletter brings insights into the latest residential issues right to your digital doorstep.
Quarterly magazine addressing today’s most pressing appraisal, legal, legislative and business concerns.
Appraiser News Online (ANO)
Weekly e-newsletter keeping you informed of the latest news, industry trends, challenges and regulatory developments.
Face Value Podcast
Don’t miss out on appraisal news you won’t find anywhere else!
Join hosts Warren Boizot, SRA, AI-RRS, and Tonia Vailas, MAI, AI-GRS, each month as they share experiences, insights and stories about the latest trends in the valuation profession.Listen to the Latest Episode
How do Standards of Professional Practice requirements apply to hazardous substances? Valuation in the aftermath of a disaster? Comparable selection in a declining market?
Our Guide Notes address these situations and more.Read the Guide Notes
We've cultivated sample agreements, certification statements, report formats and more, all designed to make your job easier.
Developed by appraisers for appraisers, AI Reports® include various report formats designed to ensure all required elements are included and can be easily read by your clients.View AI Reports®
We have a seat at the table in Washington, D.C., making sure your concerns are heard by lawmakers and regulators.
Our Washington office also allows us to keep you updated on key issues being discussed on The Hill and how they affect you.Read More about AI Advocacy Efforts
Sample Engagement Contracts
Set the foundation for a successful engagement by clearly outlining the details of the assignment(s).
Create an effective engagement contract using AI’s sample contracts as a guide. Exclusively available to AI Professionals, they were developed by practicing appraisers and reviewed by outside counsel.View Sample Contracts
Sample Certification Statements
As an AI Professional, you have access to sample certification statements for written appraisal, appraisal review and appraisal consulting service reports.
These statements incorporate the requirements of the Uniform Standards of Professional Practice (USPAP) and the Certification Standard Rules of the Appraisal Institute and can serve as a guide to help you confidently craft your own statements.See Certification Statements
Find an Appraiser
Extend your reach! A listing in the Find an Appraiser directory connects you directly to clients, enhancing your earning potential.
Join AI as a Designated Member, Candidate for Designation or Practicing Affiliate, to be listed in this critical resource.
Our Career Center
Ready for a change? Our Career Center is updated daily with the latest job postings. Search listings in your area and create specialized job alerts.
Don’t forget to post your resume! Employers rely on our robust pool of applicants to find the ideal candidates.