Homeowners, real estate agents and economic development officials say they are growing frustrated with the low and inconsistent home values real estate appraisers are setting on some area homes.
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Ohio requirements to become a licensed residential appraiser:
Associate’s degree or higher or, instead of required degree, 30 semester-credit hours of college-level education from an accredited college or university.
15 hours of residential market analysis
15 hours of residential appraiser site valuation and cost approach
30 hours of residential sales comparison and income approach
15 hours of residential report writing and case studies
2,000 experience hours in no less than 24 months preceding application to the state. Experience must be achieved under the supervision of a certified appraiser.
Source: Ohio Department of Commerce.