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Connecticut real estate appraisers are administered by the Department of Consumer Protection. They administer the professional licensing and enforcement process to assure that only qualified and competent individuals are able to provide appraisal services. Additional Department responsibilities include:
- The conduction of field inspections of appraisal licensees' offices to ensure conformance to state statutes.
- The enforcement of Connecticut real estate appraiser law.
- The overseeing of real estate appraisals.
As stated within the Connecticut Real Estate Appraisal Statutes and Regulations, certifications, licenses, limited licenses and provisional licenses shall be granted only to "persons who bear a good reputation for honesty, truthfulness and fair dealing and who are competent to transact the business of a real estate appraiser in such a manner as to safeguard the interests of the public."
The Connecticut Real Estate Appraisal Commission falls within the Department of Consumer Protection and is comprised of eight members, appointed by the Governor. Five members are Connecticut certified real estate appraisers and three are public members.
Responsibilities of the Commission include, but are not limited to the authorization of the Department of Consumer Protection to issue certification, licenses, limited and provisional licenses to Connecticut real estate appraisers.
The State of Connecticut has 8 counties.
|
Fairfield |
Hartford |
Litchfield |
Middlesex
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| New
Haven |
New
London |
Tolland |
Windham |
The Federal financial regulatory agencies (FDIC, etc.) have developed rules as to what classification of appraiser may be used for valuation of properties in federally related transaction.
There are currently three categories in respect to the Connecticut real estate appraiser.
- Certified General Real Estate Appraiser
- Certified Residential Real Estate Appraiser
- Provisional Licensed Real Estate Appraiser
Please read the following for a summarization of each.
1. Certified General Real Estate Appraiser
- May appraise all types of real estate, without regard to transaction value, for all types of transactions.
- Must have at least 300 classroom hours of study in accordance with the required core curriculum, to include basic appraisal principals and statistics.
- At least 15 of the 300 educational hours must be in respect to the Uniform Standards of Professional Appraisal Practice (USPAP).
- Must have at least 3,000 hours of appraisal experience in no less than 30 months.
- Of the 3,000 experience hours, 1,500 hours must be non-residential.
- Must have at least a bachelor's degree from an accredited college, university, or institute of higher education or 30 semester hours in specific courses.
- Pass the certified general real estate appraiser examination.
2. Certified Residential Real Estate Appraiser
- May appraise all residential real estate, without regard to transaction value, for all types of transactions.
- Must have at least 200 classroom hours of study in accordance with the required core curriculum.
- At least 15 of the 200 educational hours must be in respect to the Uniform Standards of Professional Appraisal Practice (USPAP).
- Must have at least 2,500 hours of appraisal experience in no less than 24 months.
- Must have at least a associate's degree from an accredited college, university, or institute of higher education or 21 semester hours in specific courses.
- Pass the certified residential real estate appraiser examination.
3. Provisional Licensed Real Estate Appraiser
- May appraise properties under the direct supervision of a certified real estate appraiser for the types of property and in the types of transactions the supervising appraiser is permitted to appraise.
- A provisional licensed real estate appraiser may have more than one supervising appraiser.
- Must have at least 30 hours of basic appraisal principals.
- Must have at least 30 hours of basic appraisal procedures.
- At least 15 hours of the Uniform Standards of Professional Appraisal Practice (USPAP) or its equivalent.
The general standards for the actual appraisal report are those of the Uniform Standards of Professional Appraisal Practice (USPAP).
All appraisal work must be in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP).
Experience documentation for applicants in the form of logs, reports, and file memoranda shall be available to support the experience claimed.
If you would like to find a job as a Connecticut Real Estate Appraiser, click here.
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The Appraisal Process -
Overview of the on-site inspection, report generation, and respective guidelines. |
