|Alabama Real Estate Appraisers Board (AREAB) came into existence in 1990, following the Enactment of Public Law in 1989, which made it mandatory for each of the states in the US to establish a licensing agency for appraisers. Besides offering license, the Alabama Real Estate Appraisers Board also takes measures to certify and regulate real estate appraisers within the state. The basic idea behind the creation of the board is to protect the interests of general public by ensuring the quality of such services. Thus only those professionals are provided with real estate appraisal licenses who are qualified enough to act according to the Federal as well as State Law.
As a matter of fact, there is a wide range of clients that require the services of qualified appraisers all across the state. Banks, insurance companies, mortgage companies and even homeowners hire real estate appraisers to assess the value of property for various purposes. Legally speaking, the value of real property in Alabama cannot be determined by a person other than the licensed appraisers. Even real estate agents in Alabama, unless they are licensed from Real Estate Appraiser Board, are not entitled to appraise a real property, although they are at the center of real estate transactions.
Alabama Appraisal Board: Licensing
Thus, it is necessary to gain license from the Alabama Real Estate Appraisers Board, which is also known as the Alabama Real Estate Appraisal Board. There are five categories of appraisal licenses, which are as follows:
In order to become an Alabama real estate appraiser, you are required to fulfill certain requirements, such as acquiring the relevant education and experience, submitting your application before the appraisal board, taking and passing the exam conducted by the Alabama Real Estate Appraisal Board and finally, submitting a license issuance application. There are real estate appraisal schools and books that can help you a lot in order to prepare well for the real estate appraiser exam. A licensee from the Alabama Appraisers Board will find it easy to get appraisal jobs anywhere in the state.
- Trainee Real Property Appraiser
- Licensed Real Property Appraiser
- State Registered Real Property Appraiser
- Certified General Real Property Appraiser
- Certified Residential Real Property Appraiser
To get more knowledge about the course content and examination requirement, contact the officials of Alabama Real Estate Appraisal Board or visit its websites.
Alabama Real Estate Appraisers Board
P.O. Box 304355
Montgomery, AL 36130-4355