North Carolina requires individuals who want to perform real property appraisals to be licensed, categorizing it as a mandatory state for appraiser licensing, to maintain professional and ethical standards.
In order to appraise real property in North Carolina, an individual must be licensed by the North Carolina Appraisal Board (NCAB). North Carolina is considered a mandatory state for appraiser licensing. This means that anyone who wishes to perform appraisals for federally related transactions must obtain the proper license from NCAB.
The state mandates specific qualification requirements, including education, testing, and experience, to ensure that appraisers meet the professional standards required to protect the public's interest. The licensing ensures that appraisals are conducted ethically and competently.
The state of North Carolina requires mandatory licensing for real property appraisers, emphasizing the significance of professional standards in real estate transactions.