The SRA Difference
Knowing your real estate appraisers qualifications is one of the most important steps you can take to assure you have received an unbiased estimate of value for your property.
While the State of Florida has minimum licensing requirements, this assures a minimal level of competency. Appraisers who have earned the SRA designation from the Appraisal Institute exceed these minimum requirements. The SRA designation assures that your appraiser adheres to a much higher standard in education, experience requirements, and standards of professional practice.
View the table below and compare for yourself the difference of the SRA designation.
|
REQUIREMENTS |
STATE CERTIFIED
SRA DESIGNATED APPRAISER |
FLORIDA STATE CERTIFIED RESIDENTIAL APPRAISER |
FLORIDA STATE ASSOCIATE REAL ESTATE APPRAISER (Supervised) |
|
College Education |
4-yr degree or equivalent |
None |
None |
|
Pre-licensing Education Courses |
184 hours (6 courses) |
120 hours |
75 hours |
|
Experience |
4500 hours |
2500 hours |
None |
|
Continuing Education |
100 hours every 5 years (20 hours/year) |
15 hours/year |
15 hours/year |
|
Demonstration Appraisal Report |
Demo Report Required (approx. 1000 hours of research) |
None |
None |
|
Exam |
Not applicable |
Pass the 4 hour State exam |
None |
|
Standards of Professional Practice & USPAP |
Pass Appraisal Institute Standards of Professional Practice & USPAP once every 5 years |
Pass USPAP once |
Pass USPAP once |
|