Information
Frequently Asked Questions
What is an appraisal?
An appraisal is an objective professional opinion of the value of the property. Appraisers choose a single or combination of approaches to estimate value based on the property type and availability of data. Methods include the cost approach, sales comparison approach, and income approach.
Who May Perform an appraisal?
The Florida Real Estate Appraisal Board (FREAB) administers and enforces the real estate appraiser license law, Chapter 475, Part II, of the Florida Statutes.
Registered trainees, under the supervision of a State-Certified general appraiser, may perform appraisals. The supervisor is required to sign each report, taking responsibiity for the content.
A registered trainee must complete at least 100 hours of approved academic courses in subjects related to real estate appraisal, which shall include coverage of the Uniform Standards of Professional Appraisal Practice.
Certified residential appraisers may perform appraisals related to residential property. Two thousand five hundred (2,500) hours of experience, obtained over a 24-month period is required along with at least 200 hours of approved academic courses in subjects related to real estate appraisal, which shall include a 15-hour National Uniform Standards of Professional Appraisal Practice course.
State-Certified general appraisers may perform appraisals on any property type. Pre-requisite experience/education includes 3,000 hours of experience over a 30-month period and completion of at least 300 classroom hours (including a 15-hour USPAP course).
Five of the six appraisers in our firm are State-Certified general appraisers. Three hold the MAI designation, the highest awarded by the Appraisal Institute.
What Experience Does Your Firm Have?
Diskin Property Research has performed appraisal and consulting assignments for a variety of clients and situations over the past 25 years. An abbreviated list of our clients includes:
- Florida Gas Transmission
- City of Tallahassee
- Leon County
- Main Yankee Nuke
Because most of our work is eminent domain-related, accuracy and quality of data are extremely important. The results of our analyses are often scrutinized in courtroom settings where there is no room for doubt or error. We pride ourselves on providing a product that you can trust.
What is eminent domain and how does appraisal Relate to it?
Eminent domain is the right of government or a public utility to acquire property for necessary public use by condemnation. The owner must be compensated fairly. Condemnation is the act of taking private property for public use.
When an entity with the powers of eminent domain and condemnation seek to acquire real property they must pay for it. The property ownere should consult with an attorney and an appraiser to ensure the offer being made is fair.
An appraiser hired to analyze just compensation must determine the value of the property both before and after the taking. The difference is what should be awarded to the property owner.
~top~