Appraisal license courses approved by the Department of Real Estate in California, District of Columbia, Iowa, Louisiana, Ohio, South Dakota, Utah, Virginia, Washington, Wisconsin, Wyoming, and more.
A real estate appraiser is hired by the mortgage company to determine the fair market value of a home you are buying. Home appraisers traditionally work for the buyer's lender but the buyer is usually the one paying for a home appraisal. The property you many want to buy must be worth the purchase price you and the seller agreed upon. In order to determine this, a mortgage company will hire a professional real estate appraiser who has a proper real estate appraisal license to establish the market value of the property you want to buy. Like there are three types of loans, there are also three types of appraisals (VA, FHA, and conventional). A real estate appraiser might know about each of these.
An appraiser in any of the US states must attend certain accredited classes, pass a state test, and get licensed by the state in order to practice. Even after all this testing and licensing, an appraiser must attend even more classes and become certified in order to be an appraiser for VA loans, as well as FHA, and so on.