Who is allowed to appraise for a fee in Indiana?

In Indiana, individuals who are qualified to appraise property for a fee must hold the appropriate licensure and credentials. This includes both licensed appraisers, who have met the education and experience requirements mandated by state regulations, and brokers who also have a certification that allows them to conduct appraisals. Brokers may have specific designations or licenses that permit them to provide appraisal services as part of their offerings in real estate transactions.

The inclusion of licensed appraisers is significant as they possess the specialized training needed to evaluate properties objectively and set fair market values based on various factors such as location, condition, and market trends. This ensures that property valuations are conducted with a high level of professionalism and adherence to legal standards.

Other groups listed, such as just brokers or sellers alone, do not universally have the authority to conduct appraisals for a fee unless they are also licensed appraisers. Therefore, the notion that a broker and licensed appraisers can appraise for a fee encompasses the necessary qualifications to make it the correct choice.