Has completed at least 200 hours of appraisal education and accumulated 1,500 hours of experience. Bachelor's degree, Associated Degree with minimum of 30 credits or CLEP is required.
Real estate appraisal is the process of developing an opinion of value for real property. Appraisals are performed by licensed real estate appraisers.
The Inspection Window is the amount of time (defined in the Purchase And Sale Agreement) that a Buyer has to complete a home inspection of the Seller's real property.
The After Repair Value (ARV) is the value of a property after completion of a renovation.