Stephen Varga: SRA Designated Real Estate Appraiser
Stephen Varga earned the SRA designation from The Appraisal Institute in 2008. This credential represents one of the most respected designations in residential real estate appraisal and signifies a high level of education, experience, and ethical commitment.
What Is the SRA Designation?: The SRA (Senior Residential Appraiser) designation is awarded by the Appraisal Institute, a global association of professional real estate appraisers with members in over 60 countries. The designation reflects advanced competence in residential valuation and a dedication to professional excellence.
Appraisers who hold the SRA designation are recognized for their ability to deliver credible, defensible opinions of value for a wide range of residential properties.
Requirements to Earn the SRA: To receive the SRA designation, an appraiser must complete a rigorous combination of education, experience, and peer-reviewed demonstration of skill, including:
- Education: Completion of over 180 hours of specialized appraisal coursework and six comprehensive examinations covering valuation techniques, principles, and standards.
- Academic Qualification: A bachelor’s degree (or approved equivalent) from an accredited institution.
- Experience: A minimum of 4,000 hours of professional appraisal experience, including at least 2,000 hours in residential work, all subject to peer-reviewed standards.
- Demonstration Report or Approved Alternative: A successfully completed demonstration report that meets strict criteria for clarity, methodology, and support—or an accepted alternative showing equivalent expertise.
Why It Matters: Appraisers who carry the SRA designation:
- Adhere to the highest professional standards in the industry
- Complete ongoing continuing education to stay current with evolving practices
- Deliver credible, well-supported appraisals that withstand scrutiny by attorneys, courts, the IRS, and financial institutions
When choosing an appraiser for trust, estate, litigation, tax, or lending-related work, hiring a designated SRA means you're working with a recognized leader in residential valuation.
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