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The Vermont Real Estate Appraiser Board was created as per the Federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989 which requires all U.S. states to establish licensing and certification programs for federally related transactions. The Vermont Board is in charge of administering the provisions under Title 26, Professions and Occupations, Chapter 69, Real Estate Appraisers. Under the statute, the Board reviews appraiser applications, adopts rules as needed, and issues temporary license.
Only an individual licensed by the Vermont real estate appraiser Board may perform appraisal in a federally related transaction for a fee or represent themselves as a certified or licensed appraiser. For licensees, a Vermont real estate appraiser which constitutes unprofessional conduct may be subject to disciplinary action. For example, attempting to procure a license by making a false statement, submitting false information, or refusing to provide complete information may lead to denial of licensure. Additional actions which may lead to denial of a Vermont real estate appraiser license include.
- An act or omission involving dishonesty, fraud or misrepresentation.
- Failure or refusal to exercise reasonable diligence in developing an appraisal.
- Negligence or incompetence in developing an appraisal.
- Violating any terms or condition of a license restricted by the Vermont real estate appraiser Board.
- Failing to comply with practice standards adopted by the Vermont Board.
The Vermont Real Estate Appraiser Board consists of five members, appointed by the governor. The Vermont real estate appraiser Board is located in Montpelier, VT.
- Three members are real estate appraisers licensed who have been appraising at least five years preceding appointment.
- Two are members of the general public.
The State of Vermont has 14 counties.
| Addison |
Bennington |
Caledonia |
Chittenden |
| Essex |
Franklin |
Grand
Isle |
Lamoille |
| Orange |
Orleans |
Rutland |
Washington |
| Windham |
Windsor |
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In Vermont, there are four types real estate Appraisers.
- Appraiser Trainee
- Licensed Real Estate Appraiser
- Certified Residential Real Estate Appraiser
- Certified General Real Estate Appraiser
1. Appraiser Trainee
- Are registered in three categories, corresponding to the license of the trainee's supervisor. They are the licensed appraiser trainee, certified residential appraiser trainee, and certified general appraiser trainee.
- Complete 75 classroom hours of required education from an approved education provider.
- Must renew license every year.
- No continuing education for first renewal period required. However and for the second renewal, 14 hours of continuing education must be completed.
2. Licensed Real Estate Appraiser
- May appraise residential one to four residential units having a transaction value of less than $1,000,000.
- Complete 150 classroom hours of required education from an approved education provider.
- A total of 2,000 hours of Vermont real estate appraiser experience obtained over a period of not less than 12 months.
- Pass the Licensed Appraiser examination.
3. Certified Residential Real Estate Appraiser
- May appraise any one to four family residential property without regard to transaction value or complexity.
- Complete 200 classroom hours of required education from an approved education provider.
- Accumulate a total of 2,500 hours of acceptable Vermont real estate appraiser experience within a minimum of 24 months.
- Must have an Associate Degree or higher or 21 semester hours from an accredited institution.
- Pass the Certified Residential Appraiser examination.
4. Certified General Real Estate Appraiser
- May appraise all types of real estate.
- Complete 300 classroom hours of required education from an approved education provider.
- Accumulate a total of 3,000 hours of acceptable Vermont real estate appraiser experience within a minimum of 30 months.
- Must have 1,500 of the 3,000 hours in non-residential work.
- Must have a Bachelor's Degree or higher or 30 semester hours from an accredited institution.
- Pass the Certified General Appraiser examination.
Vermont real estate appraisers must follow the standards of practice contained within the Uniform Standards of Professional Appraiser Practice (USPAP). In addition all Vermont real estate appraisers at a minimum meet the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB) of the Appraisal Foundation criteria.
If you would like to find a job as a Vermont Real Estate Appraiser, click here.
Vermont Real Estate Appraiser Search
The Appraisal Process -
Overview of the on-site inspection, report generation, and respective guidelines. |
