Can a house be appraised twice?
Can a house be appraised twice?
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Only the lender can insist upon a second appraisal, and typically only you as the buyer can make a request for another, which might or might not be honored. You can offer to split the cost of the second appraisal if you’re the seller.
Can you get 2 appraisals?
When considering second appraisals for mortgage transactions, there are generally only four acceptable reasons why you can get a second appraisal: There is a reasonable basis to believe the original appraisal is flawed or tainted. The original appraisal is dated/too old. A second appraisal is required by law.
How long does it take to become an appraiser in Arizona?
Qualifying Education: 300 QE Hours. Experience: 3,000 hours of acceptable appraisal experience in no less than 18 months. A minimum of 1,500 hours of the required experience must be in non-residential appraisal work. College Education: Must have a Bachelor’s degree or higher.
What is the highest level of an appraiser?
certified general appraiser license
The top level of appraisal license is the certified general appraiser license. This requires a total of 300 hours of course work, plus 3,000 hours of work experience and a degree. Certified general appraisers can assess the value of commercial and non-commercial properties of any value.
Do you need a bachelor’s degree to be an appraiser?
To become a Certified Residential Appraiser, you do not need to possess a Bachelor’s degree. You may alternatively satisfy specific college-level education requirements by: Successful completion of 30 semester hours of college-level courses in specific topic areas and hours.
How do I become an appraiser in AZ?
5 Steps to Become a Certified Residential Appraiser in Arizona
- Step 1: Meet the Basic Requirement: You must be at least 18 years old.
- Step 3: Fulfill the Education Requirement.
- Step 4: Submit Application to the Arizona Department of Financial Institutions.
- Step 5: Pass the Certified Residential Appraiser Exam.