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The Maine Board of Real Estate Appraisers acts to protect the general public through Maine real estate appraiser law and rules (Title 32, Chapter 124, Real Estate Appraisal Licensing and Certification). The Maine Real Estate Appraiser Board is in compliance with the provisions of the Financial Institutions Reform, Recovery, and Enforcement Act (Title XI). Among the primary responsibility of the Maine appraiser Board is to identify qualified applicants for licensure. Additional responsibilities include.
- To issue licenses and renewals to applicants who have met licensure requirements.
- Promulgate rules as necessary.
Maine individuals other than a Maine real estate appraiser cannot use title or show the impression of being licensed as a Maine real estate appraiser. Any person may file a complaint against a licensed Maine real estate appraiser for possible violations. All complaints are investigated. It is against the law to act as a Maine real estate appraiser without respective licensure. Violations of law may lead to a misdemeanor or felony charge.
The Maine Real Estate Appraiser Board consists of seven members appointed by the governor. The Maine Real Estate Appraiser Board is located in Augusta, ME.
- Two are members of the general public.
- Five members hold valid Maine Real Estate Appraiser Licensure.
The State of Maine has 16 counties.
| Androscoggin |
Aroostook |
Cumberland
|
Franklin
|
| Hancock |
Kennebec |
Knox |
Lincoln |
| Oxford |
Penobscot |
Piscataquis |
Sagadahoc |
| Somerset |
Waldo |
Washington |
York |
There are currently four classifications of licenses as a Maine real estate appraiser. The qualifications for Maine Real Estate Appraiser are set by the Appraiser Qualifications Board of The Appraisal Foundation.
- Trainee Real Estate Appraiser
- Licensed Residential Real Estate Appraiser
- Certified Residential Real Estate Appraiser
- Certified General Real Estate Appraiser
Please read the following for an overview of each.
1. Trainee Real Estate Appraiser
- Must complete a minimum of 75 classroom hours of specific course study.
- The scope of work for the Maine real estate appraiser trainee is limited to the appraisal of those properties that the supervising appraiser is licensed to appraise.
- A Maine Real Estate Appraiser Trainee is an individual engaged in the practice of real estate appraisal who is being taught to become a state licensed or certified appraiser.
2. Licensed Residential Real Estate Appraiser
- May perform an appraisal on non complex residential properties of one to four family units having a transaction value of less than $1,000,000.
- May appraise complex residential properties of one to four units having a transaction value of less than $250,000.
- Minimum of 150 appraiser classroom hours of specific subjects.
- 15 hours in respect to the Uniform Standards of Professional Appraisal Practice (USPAP).
- Establish at least 2,000 hours of appraiser experience over a minimum 24 month period.
- Must have an Associate's degree or equivalent from an accredited institution or 21 semester hours in respective classes.
- Pass the Maine Real Estate Appraiser Licensed exam.
3. Certified Residential Real Estate Appraiser
- May perform an appraisal on residential one to four family units without regard to transaction value or complexity.
- Minimum of 200 appraiser classroom hours of specific subjects.
- 15 hours in respect to the Uniform Standards of Professional Appraisal Practice (USPAP).
- Establish at least 2,500 hours of appraiser experience over a minimum 24 month period.
- Must have an Associate's degree or equivalent from an accredited institution or 21 semester hours in respective classes.
- Pass the Maine Real Estate Appraiser Certified exam.
4. Certified General Real Estate Appraiser
- May perform appraisals on any property of all types.
- Minimum of 300 classroom appraiser hours of specific subjects.
- 15 hours in respect to the Uniform Standards of Professional Appraisal Practice (USPAP).
- Establish at least 3,000 hours of appraiser experience over a minimum 30 month period.
- 1,500 of 3,000 appraiser experience hours must be non residential appraisal work.
- Must have a Bachelor's degree or higher from an accredited institution or 30 semester hours in respective courses.
- Pass the Maine Real Estate Appraiser General exam.
All Maine real estate appraiser work is compliant with the Uniform Standards of Professional Appraisal Practice (USPAP).
A Maine real estate appraiser has specific skills.
- Basic understanding of real estate law.
- Understanding of types of appraiser misconduct for possible disciplinary actions.
If you would like to find a job as a Maine Real Estate Appraiser, click here.
Maine Real Estate Appraiser Search
The Appraisal Process -
Overview of the on-site inspection, report generation, and respective guidelines. |
