<P> Besides of the mandatory educational grade , which can vary from Finance to Construction Technology , most , but not all , countries require appraisers to have the license for the practice . Usually , the real estate appraiser has the opportunity to reach 3 levels of certification : Appraisal Trainee , Licensed Appraiser and Certified Appraiser . The second and third levels of license require no less than 2000 experience hours in 12 months and 2500 experience hours in no less than 24 months respectively . Appraisers are often known as `` property valuers '' or `` land valuers '' ; in British English they are `` valuation surveyors '' . If the appraiser 's opinion is based on market value , then it must also be based on the highest and best use of the real property . In the United States , mortgage valuations of improved residential properties are generally reported on a standardized form like the Uniform Residential Appraisal Report . Appraisals of more commercial properties ( e.g. , income - producing , raw land ) are often reported in narrative format and completed by a Certified General Appraiser . </P>
<P> Besides of the mandatory educational grade , which can vary from Finance to Construction Technology , most , but not all , countries require appraisers to have the license for the practice . Usually , the real estate appraiser has the opportunity to reach 3 levels of certification : Appraisal Trainee , Licensed Appraiser and Certified Appraiser . The second and third levels of license require no less than 2000 experience hours in 12 months and 2500 experience hours in no less than 24 months respectively . Appraisers are often known as `` property valuers '' or `` land valuers '' ; in British English they are `` valuation surveyors '' . If the appraiser 's opinion is based on market value , then it must also be based on the highest and best use of the real property . In the United States , mortgage valuations of improved residential properties are generally reported on a standardized form like the Uniform Residential Appraisal Report . Appraisals of more commercial properties ( e.g. , income - producing , raw land ) are often reported in narrative format and completed by a Certified General Appraiser . </P>
who performs function of property estimation among the real estate specialists
who performs function of property estimation among the real estate specialists
the real estate appraiser
the real estate appraiser