What is required for a real estate appraisal in Nebraska?

A real estate appraisal in Nebraska must be completed by a licensed appraiser. This requirement is essential to ensure that the appraisal is conducted by someone with the appropriate training, expertise, and credentials to provide an accurate and reliable assessment of a property's value. Licensed appraisers have undergone specific education and have passed examinations that qualify them to evaluate real estate properties professionally.

In contrast, while a market analysis (often referred to as a comparative market analysis or CMA) can provide helpful insights into property values based on recent sales and market trends, it does not carry the same weight or regulatory oversight as an appraisal conducted by a licensed appraiser. Additionally, while licensed agents can provide property assessments and guidance, they are not qualified to conduct official appraisals unless they also hold an appraiser's license. Lastly, having a non-professional conduct the appraisal undermines the integrity of the process, as non-licensed individuals lack the necessary training and understanding of the regulations that govern property valuation.