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State Certified General Real Estate Appraiser 3,000 hours of experience over a period of not less than 24 months of which a minimum of 1,500 hours must be in non-residential appraisal work. Note: Experience must be obtained within the 5 year period prior to submission of your application.
Being Competent The appraiser must determine, prior to accepting an assignment, that he or she can perform the assignment competently. Competency requires: The ability to properly identify the problem to be addressed; and. The knowledge and experience to complete the assignment competently; and.
All federally related transactions having a transaction value of $1,000,000 or more shall require an appraisal prepared by a State certified appraiser.
USPAPs Competency Rule requires that an appraiser both identify the problem to be addressed and to have the knowledge and experience to complete the assignment competently.
1. Identify the problem. The appraiser first determines the client, the intended use, type of value, and relevant characteristics of the property.
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In historical terms, however, appraisal practice has recognized that there are three main methods of appraisal, namely the Comparison Approach, the Income Approach, and the Cost Approach.
Certified appraisal means an appraisal or appraisal report given or signed and certified as such by a state certified real estate appraiser or state licensed real estate appraiser.
Form 1004. Form 1004 is easily the most common and widely used property appraisal form.

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