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Benefits of Appraisal CertificationYou help people understand the value of their real property.Certified real estate appraisers are specialists in estimating the value of real property, such as land or buildings. Their estimates of value, known as appraisals, are made when property is bought, sold, assessed, taxed, condemned, insured, or mortgaged. They may also be required in divorce actions, when partnerships are dissolved, and when property is listed as a business asset. Some give expert testimony in court, and they may also act as consultants. Appraisers' activity often closely follows that of the real estate market. The demand for new appraisers is greatest, and appraisal staffs are busiest, when real estate sales are booming. In Pennsylvania, their are two types of certified appraisers: residential, who are certified to appraise only residences of one-to-four living units; and general, who are certified to appraise all real estate, including open or undeveloped land, and commercial and residential properties. It takes longer, and involves more time and study, to become a certified general appraiser. |
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