To proceed with property purchase, certified appraisals need to be carried out by lenders. No lender is ever gong to lend money based on real estate unless that lender has first performed due diligence in having the property valued by a licensed appraiser with qualifications and experience. A certified appraiser must have a license from the state in which they operate, and they are entitled to use the letters CREA (Certified Real Estate Appraiser).
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