BROWSE

Qualified Appraiser

What is 'Qualified Appraiser'

An individual who has earned an appraisal designation from a professional appraiser organization, or has met minimum education and experience requirements in the subject matter in which he or she issues appraisals. A qualified appraiser performs appraisals on a regular basis, and receives compensation for his or her work. The professional must not be prohibited from practicing before the Internal Revenue Service (IRS).

Explaining 'Qualified Appraiser'

Qualified appraisers are required by the IRS to appraise any piece of property valued at $5,000 or more on which a taxpayer requests a tax deduction. Because qualified appraisers are more experienced and knowledgeable about a particular type of property, the IRS uses them in order to ensure that the taxpayer is not overstating the value of the donated property. A qualified appraiser must perform an appraisal based on generally accepted appraisal standards.


Further Reading


Asset Impairment Accounting and Appraisers: Evidence from Japan.
search.ebscohost.com [PDF]
… In Fine Art and High Finance, Clare McAndrew and a highly qualified team of contributors … She is a board member of the Appraisers Association of America, New York; the Appraisal … studied economics at the University of Bielefeld and got his PhD in Financial Economics at the …

The Lawyer's Business Valuation Handbook: Understanding Financial Statements, Appraisal Reports, and Expert TestimonyThe Lawyer's Business Valuation Handbook: Understanding Financial Statements, Appraisal Reports, and Expert Testimony
books.google.com [PDF]
… In Fine Art and High Finance, Clare McAndrew and a highly qualified team of contributors … She is a board member of the Appraisers Association of America, New York; the Appraisal … studied economics at the University of Bielefeld and got his PhD in Financial Economics at the …

Appraisers and valuation bias: An empirical analysisAppraisers and valuation bias: An empirical analysis
onlinelibrary.wiley.com [PDF]
… In Fine Art and High Finance, Clare McAndrew and a highly qualified team of contributors … She is a board member of the Appraisers Association of America, New York; the Appraisal … studied economics at the University of Bielefeld and got his PhD in Financial Economics at the …

Statistical evidence of real estate valuation: Establishing value without appraisersStatistical evidence of real estate valuation: Establishing value without appraisers
heinonline.org [PDF]
… In Fine Art and High Finance, Clare McAndrew and a highly qualified team of contributors … She is a board member of the Appraisers Association of America, New York; the Appraisal … studied economics at the University of Bielefeld and got his PhD in Financial Economics at the …

High-impact information types on market value: property appraisers' information sources and assessment confidenceHigh-impact information types on market value: property appraisers' information sources and assessment confidence
www.tandfonline.com [PDF]
… In Fine Art and High Finance, Clare McAndrew and a highly qualified team of contributors … She is a board member of the Appraisers Association of America, New York; the Appraisal … studied economics at the University of Bielefeld and got his PhD in Financial Economics at the …

Management of Agricultural Enterprises by Means of Fair Financial Reporting in Accordance with International Standards of the Finance and Accounting ReportingManagement of Agricultural Enterprises by Means of Fair Financial Reporting in Accordance with International Standards of the Finance and Accounting Reporting
elibrary.ru [PDF]
… In Fine Art and High Finance, Clare McAndrew and a highly qualified team of contributors … She is a board member of the Appraisers Association of America, New York; the Appraisal … studied economics at the University of Bielefeld and got his PhD in Financial Economics at the …

Real estate investment trusts: A review of the financial economics literatureReal estate investment trusts: A review of the financial economics literature
www.aresjournals.org [PDF]
… In Fine Art and High Finance, Clare McAndrew and a highly qualified team of contributors … She is a board member of the Appraisers Association of America, New York; the Appraisal … studied economics at the University of Bielefeld and got his PhD in Financial Economics at the …

Biases in appraisal land price information: the case of JapanBiases in appraisal land price information: the case of Japan
www.emerald.com [PDF]
… In Fine Art and High Finance, Clare McAndrew and a highly qualified team of contributors … She is a board member of the Appraisers Association of America, New York; the Appraisal … studied economics at the University of Bielefeld and got his PhD in Financial Economics at the …



Q&A About Qualified Appraiser


What is the process of developing an opinion of value for real property?

The process of developing an opinion of value for real property is called appraisal.

What is meant by "Real Property"?

Real Property means land , buildings , fixtures attached to it , easements , mineral rights (if owned separately), air rights (if owned separately) .

Where does one get training to become an accredited or certified Real Estate Appraisals professional ?

You can get training from any accredited college or university that offers courses on Real Estate Appraisals .

What can be used to determine market values and conditions of properties?

Appraisal reports form the basis for mortgage loans, settling estates, and divorces, taxation, etc.

How many experience hours must one accumulate before reaching the second level in certification as a licensed appraiser?

One must accumulate no less than two experience hours in 12 months before reaching the second level in certification as a licensed appraiser.

What does a real estate appraiser do?

A real estate appraiser develops opinions about market values and conditions of properties.

How does the IRS ensure that taxpayers are not overstating the value of donated property?

The IRS uses qualified appraisers because they are more experienced and knowledgeable about particular types of properties.

How many levels are there in certification as a real estate appraiser?

There are three levels in certification as a real estate appraiser; Appraisal Trainee, Licensed Appraiser and Certified Appraiser.

What type of property does a qualified appraiser perform an appraisal on?

A qualified appraiser performs an appraisal on any piece of property valued at $5,000 or more on which a taxpayer requests a tax deduction.

Who must be compensated for their work?

The qualified appraisers are required by the IRS to receive compensation for their work.

What is a qualified appraiser?

A qualified appraiser is an individual who has earned an appraisal designation from a professional appraiser organization, or has met minimum education and experience requirements in the subject matter in which he or she issues appraisals.

How many experience hours must one accumulate before reaching third level in certification as certified appraisers?

One must accumulate no less than 25 experience hours in no less than 24 months before reaching third level in certification as certified appraisers.

Who are qualified appraisers?

Qualified appraisers are those who have the license to practice.