Georgia Real Estate Sales, Appraisal, and Home Inspection School - Georgia Appraisal Requirements

Georgia Appraiser Classifications:

REGISTERED Real Property Appraiser
A registered appraiser may perform appraisals on ANY type of property except when the appraisal is for use in a federally related financial transaction.*

Requirements to become a real estate registered appraiser:

- at least 18 years of age;	- 90-hour pre-license program;
- high school degree or equivalent;	- NO state exam - NO college degree.

LICENSED Real Property Appraiser
A licensed appraiser may perform any appraisal that is not to be used in a federally related financial transaction* and may perform appraisals for use in a federally related financial transaction in the following categories:

Non-complex one to four unit residential properties where the value of the financial transaction does not exceed $1,000,000.00 and
Any type of property where the transaction value is less than $400,000.00**.

In federally related transactions licensed appraisers may not appraise real estate where a development analysis/appraisal is necessary and utilized.

CERTIFIED Real Property Appraiser
A certified residential appraiser may perform any appraisal that is not to be used in a federally related financial transaction* and may perform appraisals for use in a federally related financial transaction in the following categories:

One to four residential units without regard to transaction value or complexity and
Any type of property where the transaction value is less than $400,000.00**.

In federally related transactions certified residential appraisers may not appraise real estate where a development analysis/appraisal is necessary and utilized.

CERTIFIED GENERAL Real Property Appraiser
A certified general appraiser may appraise any type of property for any purpose.

More Information regarding classifications, fees and regulations for Appraisal Registration, Licensure, and Certification (Residential/General) can be found within the links below or on the GREAB website.

Georgia Real Estate Appraisers Board
GA Appraiser Classification Act and Regulations
*Description of a Federally Related Transaction
Summary of Permitted Appraisal Activity
**Amount ontrolled by banking institutions/FIRREA

AREA office personnel will be glad to assist you with any questions. Please contact us at education@area-ga.com or by phone 770-591-5552.