Usually the public does not know, who
may and who may not prepare and sign an appraisal report. In Florida
we have three different appraiser ranks, all regulated by the Department
of Business and Professional Regulation (DBPR) and the Florida Real
Estate Appraisal Board (FREAB) which functions like a division of the
DBPR.
The Florida Real Estate Appraisal Board
(FREAB) is headquartered in Orlando and consists of seven members. The
FREAB administers and enforces the real estate appraiser license law,
Chapter 475, Part II, Florida Statutes. The Board is also empowered
to pass rules that enable it to implement its statutorily authorized
duties and responsibilities. These rules are contained in Chapter 61J1,
Florida Administrative Code. The statute and rules, along with Chapters
455, 215, 120, and 20, Florida Statutes, as well as the Uniform Standards
of Professional Appraisal Practice (USPAP) are available under Statutes and Rules.
The three licensed professionals who
may prepare an appraisal report are:
State-Registered Trainee Appraisers:
- The education requirements
include 100 classroom hours of Board-approved courses covering the topics
required by the FREAB in subjects related to real estate appraisal.
After registering with the DBPR the Trainee Appraiser may only work
under the supervision of a State-Certified Appraiser (either residential
or general). Trainees are not allowed to sign an appraisal report
without the accompanying signature of their supervisors.
State-Certified Residential Appraisers:
- Residential Appraisers
can only appraise residential properties up to four units. - The education requirements
include successful completion of 200 classroom hours of board-approved
courses covering the topics required by the FREAB in subjects related
to real estate appraisal. This must include 15 hours of the Uniform Standards of Professional Appraisal
Practice (USPAP). - Provide proof of satisfactory
completion of either a 2 year associates degree or higher, OR a total
of 21 semester hours consisting of: English Composition; Principles
of Economics, (either Macro or Micro); Finance; Algebra; Geometry or
higher mathematics; Statistics; Computer Science; and either Business
Law or Real Estate Law. - Submit a completed application,
fingerprint card, and appropriate fee. - On an RE 2300 Form,
provide evidence of 2,500 hours of real property appraisal experience
obtained over a 24-month period in real property appraisal by furnishing
under oath a detailed statement of the experience for each year of experience
claimed. The experience claimed must have been acquired in no less than
24 months. Upon request, the applicant must provide the appraisal board,
for its examination, copies of appraisal reports to support the claim
for experience. - Pass the Residential National Exam
and Florida Supplemental Exam.
State-Certified General Appraisers:
- General or commercial
appraiser may appraise both, residential and commercial properties. - The education requirements
include successful completion of 300 classroom hours of board-approved
courses covering the topics required by the FREAB in subjects related
to real estate appraisal. This must include 15 hours of the Uniform Standards of Professional Appraisal
Practice (USPAP). Past courses
may be approved by the board and substituted on an-hour-for-hour basis. - Provide proof of satisfactory
completion of either a 4-year bachelors degree or higher, OR a total
of 30 semester hours consisting of: English Composition; Micro Economics,
Macro Economics; Finance; Algebra; Geometry or higher mathematics; Statistics;
Computer Science; and either Business Law or Real Estate Law. Also must
include any two or the following courses: Accounting; Geography; Agricultural
Economics; Business Management or Real Estate - Submit a completed application,
fingerprint card, and appropriate fee. - On an RE 2300 Form,
provide evidence of 3,000 hours of real property appraisal experience
obtained over a 30-month period in real property appraisal by furnishing
under oath a detailed statement of the experience for each year of experience
claimed. The experience claimed must have been acquired in no less than
30 months. At least 50% (1,500 hours) of the claimed experience must
be in commercial appraisal work. Upon request, the applicant must provide
the appraisal board, for its examination, copies of appraisal reports
to support the claim for experience. - Pass the General National Exam
and the Florida Supplemental Exam.
For your next appraisal report, make
sure the person you hire is properly licensed; and remember, buildings
with more than four units can be appraised only by a State-Certified
General Appraiser. If you are not sure if the person you hires is
licensed, go to the DBPR website and make a license search by clicking
on the following link: https://www.myfloridalicense.com/wl11.asp?mode=0&SID=
Patricia Staebler, SRA
State-Certified General Appraiser RZ2890
Wow, Patricia I never knew the difference in your type of license. I would think most condominium associations or management companies would use your type of license to make sure they dealt with a true license professional.
Thanks for a great article.
Glen Kohlenberg
http://www.contractorblabblog.com