Commercial Appraising

Commercial appraisers provide an unbiased estimate of a property’s value. Commercial appraisers can appraise all types of real property, including residential units, retail spaces, industrial or agricultural property and more.

Are you interested in becoming a commercial appraiser? We’re here to help you chart your journey. We’ve compiled tips on how you can get started. You can also learn more about education, experience and exam requirements.

What do commercial appraisers do?
Commercial appraisers can appraise all types of real property, including residential units, retail spaces, industrial or agricultural property and more. But they do so much more:

Estimate the value of a property for a potential refinance.

Help a seller establish an acceptable sales price and a buyer establish a reasonable offering price.

Establish a starting point to reorganize property ownership or combine the ownership of various properties under one owner.
Determine appropriate insurance coverage on a property.

Provide expert testimony and reports in legal cases involving property disputes, eminent domain and divorce settlements.

Assess the impact of environmental factors on property value such as contamination or proximity to environmentally sensitive areas.

Assist with lease negotiations for rental properties.

How do I become a commercial appraiser?
If you want to focus on commercial properties, becoming a certified general real property appraiser is the path for you!

After you complete introductory or pre-licensing courses, you’ll complete additional qualifying education as well as experience hours you’ll need to complete as a trainee. Each state has different requirements for becoming a certified real estate appraiser but most states require around 300 hours of qualifying education and 3,000 hours of experience.

You’ll also need to pass the National Certified General Appraiser Exam.

Don’t worry! We’ve outlined the path for you. AI offers qualifying education courses and we’ve fully mapped out the steps to licensing and certification.