The National Association of Real Estate Appraisers (NAREA) is a Professional Organization founded in 1966, making available highly qualified Real Estate Appraisers to those requiring Professional Appraisal Reports. NAREA is one of the largest Professional Associations in the United States, with more members in more cities than any other organization.
Professionally presented education programs enhance the member's knowledge. Along with the weekly seminars and an annual Appraisal Expo and Conference, members receive bimonthly Newsletters, appraisal guidelines, updates on regulations, the Annual Membership Directory, legislative monitoring of the issues affecting the Appraisal industry and much more.
REAL ESTATE APPRAISERS are specialists in estimating the value of real property. Real property consists of land, buildings, and natural resources such as water, oil, or minerals. Estimates of value, known as appraisals, are made when property is bought, sold, assessed, taxed, condemned, insured, or mortgaged. They may also be required in divorce actions, when partnerships are dissolved, and when property is listed as a business asset. Appraisers, especially independent fee appraisers, may give expert testimony in court. They may also act as consultants.
Real Estate Appraisers prepare a written description of the property and make an estimate of its value. They may complete standardized checklists as they evaluate the property and the neighborhood in which it is situated. Appraisers obtain land values from county sources and sales information about nearby properties. They also examine the income records and operating costs of income properties. Appraisers estimate building replacement costs using building valuation manuals and professional cost estimators. They also verify legal descriptions of property with county records, measure the property and compare the measurements with the legal descriptions. They draw land diagrams and note conditions and special features of buildings. Appraisers analyze and evaluate the data and prepare a written report outlining methods by which the fair-market value was estimated. At times it is necessary for a senior appraiser to review these reports. Appraisers generally work alone; however, consultants may be used for more complex appraisals. Computers are an indispensable tool in this complex work.
Appraisers may walk around property and climb stairs in buildings. The Research, analysis, and writing are usually done in an office setting. Occasional out-of-town travel is required and a valid California driver's license is necessary. Appraisers may join professional associations such as the Appraisal Institute, the National Association of Real Estate Appraisers, or the American Society of Appraisers. Association members subscribe to a code of ethical behavior governing their conduct with both the society and
the public.
Appraisal Standard of Practice and Ethics Residential Appraisal A "Hands-On" Approach Valuing Small Residential Income Properties Valuing Condominium Units Appraising Small Income Properties Basic Valuation of Income Producing Properties Writing the Narrative Report Appraiser as an Expert Witness Appraising for Relocation Purposes
Reviewing Single Family Appraisals
You may already be aware that the cost of prescription drugs has doubled in just the past five years and is expected to go up by another third in just the next two years. While many people in the USA are assisted in paying for their prescriptions by group plans that include drug cards, about 45% of Americans and probably 45% of our association members do not receive any assistance at all from such programs. The National Association of Real Estate Appraisers is now able to make available a program that will benefit many of our members and their families.
