Contrary to what many people may first think, “real estate” encompasses far more than simply the residential brokers that help you buy and sell your home. In fact, the term refers to a much broader industry, including developers, financial analysts, corporate real estate officers, property managers, appraisers, and more.
Nearly every user of real estate—buyers and sellers, mortgage lenders, investors, tax assessors, insurance adjusters, government officials—requires an unbiased estimate of a property’s true market value. As such, appraisers play an important role in real estate transactions, appraising properties as diverse as single-family homes, undeveloped farmland, retail strip malls, and high-rise office buildings.
Real estate appraisers in Kansas are licensed and regulated by the Kansas Real Estate Appraisal Board. There are several different appraiser classifications in Kansas, determining what type of real estate the licensee may appraise.