Who is qualified through state licensing procedures to estimate the value of real property?

An appraiser is qualified through state licensing procedures to estimate the value of real property. This profession requires rigorous training, education, and testing to ensure that appraisers can generate reliable and accurate property valuations. They use various methods, including comparable sales, income approaches, and cost approaches, to determine a property's worth, ensuring that their assessments meet state and federal guidelines.

State licensing is essential because it establishes a standard of professionalism and competence in the industry, protecting consumers from inaccurate or biased valuations. This regulatory oversight helps maintain the integrity of the real estate market.

Other professions listed, like surveyors, realtors, and real estate agents, have different roles and responsibilities. Surveyors focus on measuring land and establishing property boundaries, realtors are involved in the buying and selling process as licensed professionals representing clients, and real estate agents facilitate transactions but do not typically estimate property values independently.