TouchvelocityAMC | Appraisal Management Company

Nationwide - United States

​​​​​​​TouchvelocityAMC

TOUCHVELOCITY​​​​​​​


APPRAISAL MANAGEMENT COMPANY


APPRAISAL FACTS


APPRAISER CLASSIFICATIONS


Real Estate Trainee Appraiser

A Trainee Appraiser may perform appraisal activities only under the direct control and supervision of a Certified Residential Real Estate Appraiser or Certified General Real Estate Appraiser.


Real Estate State Registered Appraiser

A Real Estate State Registered Appraiser may perform appraisals on any type of property except when the purpose of the appraisal is for use in a federally related financial transaction.


If you have never held a classification, you will begin as a State Registered Real Property Appraiser. You may then become a licensed or certified appraiser.


Real Estate Licensed Appraiser

A Real Estate Licensed Appraiser may perform any appraisal that is not to be used in a federally related financial transaction and may perform appraisals for use in a federally related financial transaction in the following categories:


1.Non-complex one to four unit residential properties where the value of the financial transaction does not exceed $1,000,000.00 and

2.Any type of property where the transaction value is less than $250,000.00.


In federally related transactions licensed appraisers may not appraise real estate where a development analysis/appraisal is necessary and utilized.


Certified Residential Real Estate Appraiser

A Certified Residential Real Estate Appraiser may perform any appraisal that is not to be used in a federally related financial transaction and may perform appraisals for use in a federally related financial transaction in the following categories:


1.One to four residential units without regard to transaction value or complexity and

2.Any type of property where the transaction value is less than $250,000.00


Certified General Real Estate Appraiser

A Certified General Real Estate Appraiser may appraise any type of property and for any purpose.