Are all realators able to appraise property?
Do they need speciall knowledge in this or in addition to the usual realestate no how?
They can, they do have the experience and understanding of the elements that drive value, However, licensed real estate appraisers are required for FDIC loans.
December 12th, 2009 at 3:52 pm
Realtors are trained to make BASIC marketing decisions.
They are not qualified nor licensed to write a formal appraisal report.
However, a good Realtor will have a rapport with a few appraisers that will assist when dealing with unique properties, high-end homes and historic homes.
References :
Realtor…see profile for more.
December 12th, 2009 at 4:16 pm
They can, they do have the experience and understanding of the elements that drive value, However, licensed real estate appraisers are required for FDIC loans.
References :
December 12th, 2009 at 4:47 pm
No
References :
December 12th, 2009 at 5:25 pm
Realtors can give you a comparable market analysis, which is reviewing similar properties and making an assessment of what the value of your house is.
They cannot do appraisals without being licensed to do so.
References :
Oregon Realtor
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