Real Estate Appraisal Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

Real Estate Appraiser

A

anyone who engages in the real estate appraisal business; must have the appropriate license

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2
Q

Engaging in the real estate appraisal business

A

the act or process of estimating the value of real estate for a fee or other valuable consideration

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3
Q

Certified General Appraiser

A

allowed to appraise all types of real estate

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4
Q

Certified Residential Appraiser

A

allowed to appraise residential real estate

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5
Q

Provisional Licensed Appraiser

A

allows entry level appraisers to develop the appraisal experience needed to qualify for a category of certified or licensed appraiser

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6
Q

Supervising Appraiser

A

supervises provisional licensed appraisers, can only sponsor up to three provisional appraisers unless they apply for a waiver

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7
Q

Appraisal Review

A

the act or process of developing and communicating an opinion about the quality of another appriaser’s work

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8
Q

Appraisal Management Companies

A

must register with the CT Dept of Consumer Protections, required to annually certify and maintain detailed records

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