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Illinois Real Estate Appraisal Board
|Illinois real estate Appraisal professions are regulated by the State's Division of Professional Regulation (IDPL). It is a regulatory body for a number of professions and offers licenses to the applicants after verifying their credentials in the relevant areas. Hence, people from Real estate appraisal professions need to approach the Illinois Division of Professional Regulation for all their licensing and certification needs. They are also required to follow its guidelines to fulfill educational and other requirements before applying for Illinois Appraisal License.
Illnois Real Estate Appraisal LicenseThere are three types of licenses offered by the IDPL. These are Associate Real Estate Appraiser, Certified Residential Real Estate Appraiser and Certified General Real Estate Appraiser. Although the minimum educational requirements for these licensing categories may vary, they are in accordance with the criteria set by the Appraisal Qualifications Board of The Appraisal Foundation. Besides, you must complete certain hours of qualifying education as well as the courses prescribed by the Uniform Standards of Professional Appraisal Practice. In Illinois, you can find appraisal schools also that run courses to fulfill such requirements. You may also be required to gain continuing education in order to obtain a fresh license or renew your old one.
IL Real Estate Appraiser RequirementsRea estate appraisers are those professionals who possess technical knowledge to assess the value of a real property. As real estate appraisal in Illinois forms a significant step in many business processes, the importance of real estate appraisers can easily be seen. There are many industrial sectors that are dependent on the technical expertise and ethical practices of real estate appraisers. Some of these are banks, insurance companies, finance service providers, lawyers etc. Moreover, if you want to get home mortgage loans , you will need the help of Illinois property appraisers to ascertain the value of your real property accurately.
It is the real estate appraisal licensing authority in Illinois that assures consumers of the integrity and quality in the licensed appraisers. Even though if anyone find any discrepancy in the activities of Illinois appraisers, they are encouraged to file a complaint at IDPL offices.
Illinois Division of Professional Regulation
James R. Thompson Ctr
100 W. Randolph St
Chicago, IL 60601
320 West Washington St
Springfield, IL 62786