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			Donald A. Miserandino
		       New York State Certified
       		     General Real Estate Appraiser
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			 Tel: (718) 339-6854                     
			 Fax: (718) 998-7882
		         Email: realesta@dorsai.dorsai.org



Who is a Licensed Real  Estate Appraiser?
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	A licensed real estate appraiser is one who has the education,
experience, knowledge of the real estate appraisal field and in addition,
they must pass a state exam and exhibit qualities of intergrity inherent 
in the profession.  There are essentially two classes of appraisal license: 
Residential and General. 



How do you pick a State Licensed Real Estate Appraiser?
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	In light of the above question, perhaps the answer  is easy... 
hire those who fulfill the state requirements.  Hire those who have passed
the proper exams and have the proper qualifications.
	But to establish a better understanding of an appraiser's job, 
we have to add two more elements into the formula: continuing education, 
and familarity with the subject's local area. 


Remember:
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	So look for the appraiser who has kept with their license, if 
they renew after January  1, 1995, the State of New York requires 
continuing education.  They should also keep up in the field by
taking additional courses. 

	As for area familarity, remember, while the appraiser's analytical 
tools will work anywhere in the State of New York, ask for their specific 
area or county of expertise.  In what location do they work most often and 
are thusly most familiar? 

	An appraiser who does many areas or a wide range of areas may not be 
as intimately familiar with your particular location.  Local real estate 
markets are subject to a variety of economic changes that can very quickly 
impact upon the housing market. It is very important to be aware of such 
changes.



Why should you use a Licensed Real Estate Appraiser?
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	A Licensed Real Estate Appraiser, upon completing extensive research, 
must issue a report that adheres to strict Federal and State appraisal 
standards in the formulation of an opinion of value. 

	For the attorney completing estate work, a reliable appraisal sets up 
a basis for the estate.  An accountant may also use such information for 
further tax purposes. 

	A homeowner uses the appraisal to set a sale price basis for working 
with their Real Estate Broker or for the private selling of a dwelling.  The 
most common use of a real estate appraisal is by banks or other mortgage 
lenders who wish to establish an unbiased opinion of the value of a house. 
Based upon that value (or the sale price if less) and other lending criteria, 
a mortgage application is evaluated. 
 

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This newsletter is the opinion of Donald A. Miserandino, a New York State 
Certified General Real Estate Appraiser, specializing in Brooklyn, (Kings 
County) New York.  He has been appraising real estate in the New York City
area for over 20 years; has over 70 hours of New York State approved 
continuing education towards license renewal; has taught at Kingsborough 
Community College, Brooklyn., N.Y.;  New York Technical College in Islip,
L.I., N.Y., and is presently on staff of the Apprasial Education Network
in Bohemia, L.I., N.Y..  
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