Nevada License Law
What is the purpose of the Nevada Certified Residential Appraiser (CRA) designation versus a Licensed Residential Appraiser?
AThey are identical designations
BA Certified Residential Appraiser has higher education and experience requirements and can appraise more complex residential properties✓ Correct
CLicensed appraisers can only appraise commercial property
DCertified appraisers are licensed by NRED; licensed appraisers by the federal government
Explanation
Nevada appraisers are licensed under the Nevada Real Estate Appraiser Board. A Certified Residential Appraiser has higher education, experience, and exam requirements than a Licensed Residential Appraiser and can appraise more complex one-to-four unit residential properties.
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