It is important to know that appraiser licensing varies from state to state. To participate in what is called a "federally-related transaction," or a mortgage being underwritten by a national bank, an appraiser must be licensed or certified by his or her state. The license or certification is evidence that the appraiser has performed a certain number of hours as a trainee under the supervision of a practicing appraiser. They may have passed an examination, and completed a certain number of hours of Continuing Education Training.
Prior to the Savings and Loan crisis of the 80s, which started the rise of appraiser licensing, appraisers had to market their expertise, service, professionalism and association designations. Many feel that state licensing has diluted the appraisal profession. Many consider licensing a bare minimum of what you should expect from an appraiser.
You should always be sure your appraisal service provider is licensed and in good standing. The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) maintains a national database of appraisers and their license/certification status. It is available publicly on their website.
This database, which relies on reports from each state appraisal board, will tell you if a service provider you are considering has had his or her license suspended, revoked, or has expired. You can always trust that our license is current and in good standing.
We have worked hard to establish a reputation for quality and prompt work. Every day we perform professionally and ethically, with outstanding customer service. You should never just look for a licensed appraiser; you should have discriminating taste when choosing your service providers. Tour our website for valuable information on the experience we have and the top notch service we provide.