Appraisal Licensure Information
The role of an appraiser is to provide objective and unbiased assessment about the value of real property—providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate. Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data, and develop opinions of value. Appraisers must have good analytical skills and work well with numbers. In addition, appraisers spend much time interacting with clients and writing reports, so good oral and written communications skills are also necessary.
There are four classifications for appraisers in Ohio. The four classifications are tiered, meaning that each level builds on the knowledge and experience of the latter, and each has specific requirements. To obtain any of the classifications candidates must obtain the specific requirements and pass a test offered by the state of Ohio.
State-Registered Real Estate Appraiser Assistant
An Appraiser Assistant is the starting point for folks who are looking to enter the appraisal profession. There is a minimal amount of education required and there is no experience requirement. However, to take the test to become an Appraiser Assistant candidates must be sponsored by an Ohio appraiser (either State-Licensed or State-Certified.)
State-Licensed Residential Real Estate Appraiser
A State-Licensed Residential Real Estate Appraiser is any person licensed to appraise non-complex 1-4 unit single-family residential real estate having a transaction value of less than one million dollars and complex 1-4 unit of single-family residential real estate having a transaction value of less than two hundred fifty thousand dollars.
State-Certified Residential Real Estate Appraiser
A State-Certified Residential Real Estate Appraiser is any person certified to appraise 1-4 unit single-family residential real estate without regard to transaction value or complexity.
State-Certified General Real Estate Appraiser
A State-Certified General Real Estate Appraiser is any person certified to appraise all types of real property (i.e., agricultural, commercial, industrial, residential).
For detailed licensure information visit the Division of Real Estate and Professional Licensing in the Ohio Department of Commerce.