The appraiser schedules a visit to inspect the property. This on-site visit is critical to assessing the property’s characteristics:
The appraiser takes into account the broader local real estate market. For example, in hot markets like Vancouver or Toronto, prices might be rising rapidly, whereas in more rural or less populated areas, the market might be more stable or even declining. The appraiser evaluates factors such as:
A Candidate Appraiser is someone who is in the process of obtaining full professional designation but has not yet completed all the necessary education, experience, and examination requirements. They are typically working under the supervision of a fully designated appraiser.
A Fully Designated Appraiser has completed all the required education, experience, and examinations to practice independently in their area of expertise. They are authorized to perform appraisals without supervision.
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