It’s required by our licensing authority for good reason! Real estate appraisers require geographic competence to ensure they have a deep understanding of the specific market and area in which the property is located. This knowledge allows them to accurately assess local market trends, neighborhood characteristics, zoning laws, and other factors that can influence property values. Geographic competence ensures that appraisers can make well-informed, reliable appraisals that reflect the true value of the property in its unique location. Without it, appraisers risk making inaccurate valuations that could mislead buyers, sellers, and lenders. When ordering an appraisal, be sure to validate that the appraiser is geographically competent or you could be severely misled by the results.