“Appraisal” or “real estate appraisal” means an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of named interests in, or aspects of, identified real estate for purposes of preparing an appraisal report. An appraisal may be classified by subject matter into either a valuation or an analysis.
Minnesota requires that you must have a license to “Appraise”. There are four basic classes of license for real estate appraisers:
Hover to flip the card and learn about each license type.