Date of Award
1992
Document Type
Thesis
Degree Name
Master of Science
First Advisor
Arlene Taich
Second Advisor
Virgil O'Connor
Third Advisor
Michael Wilcox
Abstract
In August of 1989, President George Bush, signed into law the Financial Institutions Reform, Recovery and Enforcement Act of 1989. This legislation in response to a pervasive crises in the thrift industry contains a number of legislative reforms. Within this legislation, Title XI, the appraisal reform amendment, requires the use of licensed or certified real property appraisers for all real property appraisals involving federally related transactions or federal funds if the value of the property exceeds a specified limit.
All states, under this legislation, are required to pass appraisal licensing and certification legislation that provides appraiser qualification requirements and standards of professional appraisal practices, that as a minimum, meet criteria established by the Appraisal Foundation. This legislation effectively promulgates these criteria as the contemporary standards for the appraisal profession.
This project is intended to familiarize the aspiring appraiser with the knowledge required for successful completion of the state certification exam. Sources where the educational requirements can be obtained are described. Generally accepted methodology used in developing an estimate of value is described. The focus is on the type of data needed for appraisals, the sources of the data to be secured, and the methods of analysis utilized in determining estimated value. A case study provides an illustration of the application of this knowledge in a format suitable for use in the profession.
Recommended Citation
Wight, Wayne Keith, "A Guide to State Appraiser Certification" (1992). Theses. 1600.
https://digitalcommons.lindenwood.edu/theses/1600
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