Appraisals

An appraisal is an opinion of value used for real-estate-related financial transactions. Appraisals are required by a state licensed or certified appraiser for most transactions above $250,000. An appraiser’s report will typically include the type of property inspection, approaches to value required, and any lender-specific requirements.¹

The National Association of REALTORS® represents approximately 30,000 state-licensed and certified appraisers throughout the country. NAR’s … Read More