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A professional appraiser will use the home inspection and current housing market to provide an appraised value, which is very important to the home loan process. There are different methods to valuing a home, and the value of the home is often not the same as the price or cost.
For estate planning, financial planning, or sale price decisions, individuals or a trusted advisor usually orders an appraisal. When an appraisal is used to obtain an opinion of value of a property for loan purposes, federal regulation requires the lender or its agent to place an appraisal order.
The REALTOR Benefits® Program is available to REALTOR® Appraiser members of the National Association of REALTORS®. Benefits include Personal Insurance options, discounts on Electronics and Mobile Technology, Travel and Automotive discounts, and Errors and Omissions insurance.
The role of the appraiser is to provide an independent and impartial analysis of real property. This analysis is a critical component of the mortgage transaction and, over the past three years, new laws, rules, and regulations have been implemented in an effort to protect the independence of the appraiser.
Frequently asked questions regarding worker classification of real estate agents by brokerages, compiled by NAR's Legal Affairs department.
According to data from the Bureau of Labor Statistics (BLS), the average salary for real estate appraisers varies significantly. Median annual salary for real estate appraisers in 2022 was $102,200 with a net income of $69,000 after taxes and expenses, according to the 2023 Member Profile.
NAR Commercial Real Estate Market Conditions Index* 50.0 Overall economic conditions are stronger than nationally. The apartment property market is weaker than nationally.
Find a member, a local REALTOR® association, or NAR leadership, committee, and staff bios and contact information. You can also find contacts for NAR's partners, federal agencies, and real estate specialties including appraisers, commercial brokers, organizations, and affiliates.
professional appraisal of real estate, personal property, business and mass appraisal. State Appraiser Certification and Licensing Boards, federal, state, and local agencies and appraisal
National Association of REALTORS®