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Updated March 2020


Frequently Asked Questions

What is an appraisal?
What is an appraiser?
What's the difference between an appraiser and a real estate agent?
What is the Competency Rule?
Why do I need an appraisal?
Who can do appraisals?
What do appraisers really do?
What about appraiser licensing?
What are appraisers' professional standards (USPAP)?
What revisions have been made in the 2020-2021 USPAP?
What revisions have been made in the 2018-2019 USPAP?
What revisions have been made in the 2016-2017 USPAP?
What state laws are appraisers subject to?
Who regulates appraisers?
How do you become an Appraiser?
How do I get ready for the appraiser?
Appraisers and lenders - what is the appraiser's role?
Can I use this appraisal for another lender?
Who "owns" the appraisal?
If I'm paying for the report, will you send me a copy?
When do you need your own appraiser?
What should you look for when hiring an appraiser?
What about fees?
What are "MAI appraisers"?
What if you don't agree with an appraisal?
Which home renovations add the most to the price?
What exactly is PMI and how can I get rid of it?
What about appraising Machinery & Equipment, or Furniture & Fixtures?
What about appraising businesses?


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