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Who among the following CANNOT obtain appraiser licensure or certification in Illinois

a. an individual who wants to appraise only residential properties

b. a limited liability company engaged in licensed real estate activities

c. a person who wants to appraise all types of property

d. an individual who will sign appraisal reports on behalf of a business entity

1 Answer

3 votes

Final answer:

In Illinois, an individual who will sign appraisal reports on behalf of a business entity cannot obtain appraiser licensure or certification. Licensure or certification can be obtained for individuals who want to appraise residential properties, limited liability companies engaged in licensed real estate activities, and individuals who want to appraise all types of property.

Step-by-step explanation:

In Illinois, an individual who will sign appraisal reports on behalf of a business entity cannot obtain appraiser licensure or certification. Licensing and certification for appraisers in Illinois are regulated by the Appraisal Division of the Illinois Department of Financial and Professional Regulation (IDFPR).

According to the IDFPR, individuals who want to appraise only residential properties, limited liability companies engaged in licensed real estate activities, and people who want to appraise all types of property can obtain appraiser licensure or certification in Illinois as long as they meet the necessary education, experience, and examination requirements.

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