Home appraiser license and ms

Although years of experience is often desired, having the state certification meets one of the basic requirements set by many employers and makes you more qualified than if you only have your license. Check out job postings for real estate appraisers to get an idea of what positions are available, what they entail and their exact requirements and qualifications. Working an in-house position is one of the alternatives to field work and you also get to enjoy salary pay and health benefits.

A certified general appraiser is the highest level of licensing. He or she is able to appraise all types of property — residential or commercial — with no value limit. Typically, these appraisers will spend the majority of their time appraising commercial properties. Commercial appraisals are much more complex and time consuming and require far more research. There is far less margin of error. The intended user of the appraisal may be basing a significant business decision on the outcome and an erroneous appraisal could result in a loss of millions of dollars.

As a result, the requirements to become a certified general appraiser are more stringent. As an Mississippi certified general appraiser, you will typically work in a small to medium sized firm devoted to commercial work.

You may but will rarely complete residential assignments. Here you can locate real estate personnel and appraisers as well as information on the Board and its members. We hope you enjoy your visit. Such member shall serve out their respective terms, upon the expiration of which the provisions of this paragraph c shall take effect. Nothing provided herein shall be construed as prohibiting the reappointment of any member of the said board.

Of the initial appointments made pursuant to this paragraph d , two 2 shall serve for three 3 years, two 2 shall serve for two 2 years and one 1 shall serve for one 1 year. Thereafter, each member shall serve for a term of four 4 years. Commencing with appointments made in , no person shall be appointed as a member of the board for more than two 2 consecutive terms. The Governor may remove an appointed member for cause. Written notice shall be given to each member of the time and place of each meeting of the board at least ten 10 days prior to the scheduled date of the meeting.

Appointed members of the board are entitled to mileage and actual expenses as authorized by Section and per diem as provided by Section 69; ex officio members are entitled to mileage and actual expenses only. Such officers shall serve as such for terms established by the board. Powers and duties of commission and board; immunity of members of commission and board: 1 The commission shall have the following powers and duties: a To receive applications for licensure as a real estate appraiser and applications for registration as an appraisal management company under this chapter; to establish appropriate administrative procedures for the processing of those applications; to issue licenses to qualified applicants under the provisions of this chapter; and to maintain a registry of the names and addresses of individuals who are currently licensed under this chapter.

These powers may be exercised directly by the board in such manner as the board shall determine. A copy of the budget shall be given to the commission. The board shall require appraisals required to use those standards to indicate on the appraisal or separately appended document which standard was used.

License required to use title of certified real estate appraiser and to prepare and sign certified appraisal report: No person other than a licensed certified real estate appraiser under this chapter shall assume or use that title or any title, designation or abbreviation likely to create the impression of certification as a real estate appraiser by this state. An individual who has qualified as a licensed certified real estate appraiser under this chapter is authorized to prepare and sign a certified appraisal report relating to real estate or real property in this state.

Applications to be in writing accompanied by fee; pledge to comply with standards of professional appraisal practices; certification of understanding of conduct constituting misconduct: Applications for one 1 of the appraisal licenses, applications for renewal, applications to take an examination, and applications for registration as an appraisal management company shall be made in writing to the commission on approved forms. The payment of the appropriate fee, as fixed under Section , must accompany all applications for licensure and renewal thereof, all applications to take an examination and all applications for registration as an appraisal management company.

At the time of filing an application for licensure under this chapter, for renewal, or for registration as an appraisal management company, each applicant shall sign a pledge to comply with the standards of professional appraisal practices that are established from time to time for licensed appraisers and for licensed certified real estate appraisers under this chapter.

Each applicant shall also certify that he understands the types of misconduct, as set forth in this chapter, for which disciplinary proceedings may be initiated against a licensed appraiser or a licensed certified real estate appraiser. Each application or filing made under this section shall include the social security number s of the applicant in accordance with Section , Mississippi Code of Background investigations required of applicants for real estate appraiser license or certification: 1 a To qualify for a Mississippi real estate appraiser license, an applicant must have successfully been cleared for licensure through an investigation that shall consist of a determination that the applicant does not possess a background which calls into question public trust, as set forth below in subsection 2 , and verification that the prospective licensee is not guilty of or in violation of any statutory ground for denial of licensure as set forth in Section Except when introduced into evidence in a hearing before the board to determine licensure, no such information or records related thereto shall, except with the written consent of the applicant or by order of a court of competent jurisdiction, be released or otherwise disclosed by the board to any other person or agency.

During the five-year period immediately preceding the date of the application for licensing or certification; or 2. At any time preceding the date of the application, if such felony involved an act of fraud, dishonesty, or a breach of trust, or money laundering. Activities authorized by real estate appraisal license: A person licensed as a real estate appraiser is authorized to appraise all types of real estate and real property in this state, including but not limited to, commercial, industrial, residential and special purpose, provided that such appraisal does not involve federally related transactions which would require a certified appraisal.

Qualifications to be licensed real estate appraiser: To qualify to be a licensed real estate appraiser, an applicant must:. The courses of study referred to in paragraph a above must i be conducted by an accredited university, college or junior college; ii be conducted by an approved appraisal society, institute or association; or iii be conducted by such other school as may be approved by the board; or iv consist of courses relating to appraisal education that were approved by the Mississippi Real Estate Commission prior to July 1, Two classes of real estate appraiser license; applications to specify classification of licensing; applicants to comply with requirements of board: The following shall be the two 2 classes for licensed certified real estate appraisers: a Licensed certified residential real estate appraiser.

The licensed certified residential real estate appraiser classification shall consist of those persons who meet the requirements that relate to the appraisal of residential real property of one 1 to four 4 units without regard to transaction value or complexity.

In addition, when nonfederally related transactions are involved, the licensed certified residential real estate appraiser shall enjoy the same privileges as set forth for the licensed real estate appraiser.

The licensed certified general real estate appraiser classification shall consist of those persons who meet the requirements relating to the appraisal of all types of real estate. Each application for licensing as a licensed certified real estate appraiser, or for the renewal of a license, and each application to take an examination, shall specify the classification of licensing being applied for and, if applicable, the class of license previously granted.

Each applicant shall be trustworthy and competent to transact the business of real estate appraising and comply with such other requirements as may be prescribed by the board. Prerequisites to taking examinations for licensing; experience requirements for license: 1 a As a prerequisite to taking the examination for licensing as a licensed certified residential real estate appraiser, an applicant shall present acceptable evidence that such applicant has successfully completed not less than two hundred classroom hours in courses of study approved by the board.

The two hundred classroom hours must be in courses of study approved by the board which relate to real estate appraisal and shall include coverage of the Uniform Standards of Professional Appraisal Practice. The courses of study referred to above must be conducted by an accredited university, college or junior college; an appraisal society, institute association; or such other school approved by the Appraiser Qualifications Board of The Appraisal Foundation in compliance with federal requirements.

The three hundred classroom hours must be in courses of study approved by the board which relate to real estate appraisal and shall include coverage of the Uniform Standards of Professional Appraisal Practice.

The courses of study referred to above must be conducted by an accredited university, college or junior college; an appraisal society, institute. License Renewal Important Renewal Information Waiting until the last minute to renew your license could result in a loss of business due to the time needed to process your renewal application. An eleventh hour renewal not only delays the issuance of your new pocket card but can result in several days elapsing before the Appraisal Subcommittee receives the updated information and records it on the National Registry.

If the MAB does not receive your renewal until just prior to the expiration date, there is a definite possibility that your license will expire during processing. If that happens, you will not be able to appraise any federally related FHA, etc. You may submit your license renewal to MAB up to days prior to the expiration date, so there is no reason to wait until the last day and take a chance on losing business.

Need to take classes for renewal? Licensed Residential Appraiser - Provide 1, hours of acceptable and verifiable appraisal experience acquired over a minimum of 6 months Certified Residential Appraiser - Provide 1, hours of acceptable and verifiable appraisal experience acquired over a minimum of 12 months Certified General Appraiser - Provide 3, hours of acceptable and verifiable appraisal experience acquired over a minimum of 18 months of which a minimum of 1, hours must be non-residential real property appraisal experience STEP 3: Complete courses and maintain copies of transcripts for all college level requirements.