Locate a real estate appraiser. Research to find out how properties are appraised. How do methods differ when the appraiser is looking at residential, multifamily, or commercial properties? Be sure to explain the 3 major appraisal methods and which ones can be applied to residential, multifamily, and commercial. What role do real estate agents and finance companies play in the appraisal process? How are appraisers trained and ultimately licensed? Does your state require any type of apprenticeship before becoming fully licensed? Does your state have multiple levels of appraisal licenses? How do you choose a “good” appraiser?