Licensed Appraisers in Orleans, MAAppraiser licensing varies from state to state. Licensed appraisers in Orleans, MA, have finished a certain number of hours as a trainee under the supervision of a practicing appraiser, passed an examination, and completed a certain number of hours of Continuing Education Training.
An appraiser must be licensed or certified by his or her state to participate in what is called a "federally-related transaction," which is, for example, a mortgage being underwritten by a national bank. The license or certification is evidence that before the savings and loan crisis of the 80s, which gave rise to appraiser licensing, appraisers had to market their expertise, service, professionalism, and association designations. Many feel that state licensing has diluted the appraisal profession. Many consider licensure a bare minimum of what you should expect from an appraiser.
Appraisal Company of Cape Cod, Inc. has worked hard to establish a reputation for quality and prompt work, performed professionally and ethically, with outstanding customer service. Don’t just look for a licensed appraiser; you should be discriminating in choosing your service providers. Tour our website for valuable information on the experience we have and the service we provide.
You should always be sure your appraisal service provider is licensed and in good standing. The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) maintains a national database of appraisers and their license/certification status. It is available publicly at this link.
Among other things, this database, which relies on reports from each state appraisal board, will tell you if a service provider you are considering has had his or her license suspended, revoked, or whether the license has lapsed. You can rest assured that our license is current and in good standing!