The requirements for becoming an appraiser vary from state to state, but most states require that you have a certain amount of experience in the real estate industry, as well as pass an exam. An appraiser is typically asked to provide an estimate of a property's value. In order to do this, the appraiser will look at factors such as the condition of the property, recent sales of similar properties in the area, and what kind of mortgage the property is encumbered with.
The appraiser's requirements may vary by state, but in general, they will need to be licensed and insured. They will also likely have to complete a certain number of hours of continuing education each year. Typically, the appraiser will ask questions about the property such as: -When was it last occupied? -Are there any known defects with the property? -What is the zoning for the property? -What is the estimated value of comparable properties in the area?
