appraisal qualifications
366) Appraiser Qualifications
07/24/08
Dear Henry,
I received a call today from someone whose parent had recently passed away and needed appraisals on two single family dwellings and one land only property for the purposes of fair market value to provide to the IRS. The caller seemed to need the assurance that I was “qualified” to work with the IRS and stated that she would need an appraiser with a special appraisal “designation” beyond the State approved Certified Appraisal License. I hold a California State Certified General License and the properties are also in California within my typical territory. I have been appraising residential properties for over 20 yrs within this area. I am familiar with the appraisal designation MAI and the Appraisal Institute but this is not typically required in our area. Please let me know if you have any additional information regarding this type of appraisal request or any special requirements/data beyond the typical information that should be noted on the appraisal. Thank you!
Bonnie K. bkapprsl@comcast.net
Dear Bonnie,
I know of nothing that prevents a client from ordering an appraisal only from an appraiser with a specific designation or special qualifications. Some clients ask appraisers to provide a summary of their qualifications, experience, references, designations, etc. before they hire them. You may certainly attempt to reassure your potential client that you have the necessary expertise, but they still may elect to hire someone with other qualifications or designations.
H2
I received a call today from someone whose parent had recently passed away and needed appraisals on two single family dwellings and one land only property for the purposes of fair market value to provide to the IRS. The caller seemed to need the assurance that I was “qualified” to work with the IRS and stated that she would need an appraiser with a special appraisal “designation” beyond the State approved Certified Appraisal License. I hold a California State Certified General License and the properties are also in California within my typical territory. I have been appraising residential properties for over 20 yrs within this area. I am familiar with the appraisal designation MAI and the Appraisal Institute but this is not typically required in our area. Please let me know if you have any additional information regarding this type of appraisal request or any special requirements/data beyond the typical information that should be noted on the appraisal. Thank you!
Bonnie K. bkapprsl@comcast.net
Dear Bonnie,
I know of nothing that prevents a client from ordering an appraisal only from an appraiser with a specific designation or special qualifications. Some clients ask appraisers to provide a summary of their qualifications, experience, references, designations, etc. before they hire them. You may certainly attempt to reassure your potential client that you have the necessary expertise, but they still may elect to hire someone with other qualifications or designations.
H2