Common use of Appraiser Qualifications Clause in Contracts

Appraiser Qualifications. The appraiser must indicate that he or she is licensed in the State of California and an MAI or SRA designated member of the Appraisal Institute (or should the Appraisal Institute cease to exist, the successor organization and/or equivalent designations) with not less than five years of experience appraising single-family residential properties in the southern San Mateo County/northern Santa Xxxxx County area. The appraiser must determine, prior to accepting the assignment, that he or she can perform the assignment in accord with the Uniform Standards of Professional Appraisal Practice (USPAP) of the Appraisal Foundation, and the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute.