What are the five classes of appraiser's license?

The five classes of appraiser's license are correctly identified as Trainee, Licensed Residential, Certified Residential, Certified General, and Temporary Practice.

Understanding these categories is crucial for those entering the field of real estate appraisal, as each class signifies different qualifications and scopes of work.

The Trainee license allows individuals to begin their appraisal career under supervision, gaining necessary experience and education. The Licensed Residential appraiser can appraise non-complex residential properties, while the Certified Residential appraiser has greater authority, allowing them to appraise all residential properties without limitations. The Certified General appraiser is the most comprehensive, authorized to appraise any type of property, whether commercial or residential. Lastly, the Temporary Practice license permits appraisers from other jurisdictions to practice temporarily in Minnesota, facilitating the mobility and opportunity for appraisers to work across state lines while adhering to proper state regulations.

This classification ensures that appraisers have the appropriate experience and educational background to undertake the responsibilities their licenses entail, protecting the interests of the public and maintaining the integrity of the appraisal profession.