Under Section 7(2) of the Appraisers Act, all licences have to be renewed annually at least ten days before the expiry of the licence on 31 Dec of each calendar year. The last day to renew your licence is 21 Dec.
Existing licence holders with SISV's Probationer Membership may continue to renew their Appraiser's Licence.
Renewing Your Appraiser's Licence
An alert notification containing an unique code will be sent to your registered mobile number and email address before the commencement of the renewal period. You may use the unique code to activate your renewal application in GoBusiness Licensing portal. The code will expire on 21 Dec.
After receiving the code, please click here to proceed to renew your licence. You may refer to the following Guide for Licence Renewal (1.52MB).
Expiry of Appraiser's Licence
All appraiser's licences expire on 31 Dec of each calendar year i.e. if the applicant obtains his licence on 1 Jan 2019, the licence will expire on 31 Dec 2019. If your licence has expired and you did not renew, you must re-apply for a new licence.
Fees for Renewal of Appraiser's Licence
The licence fee for renewal is $125.
Renewal Processing Time
The renewal is approved upon successful verification of credentials and payment. You may retrieve the electronic copy of your renewed licence in the portal.
The appraiser's licence is issued to the appraiser acting on behalf of the employer. If there has been a change in the appraiser's employer, the following document has to be submitted:
- Letter from the present company to state the effective date which the appraiser will be acting on behalf of the company
An amendment fee of $20 is payable.
For licence amendments, please click here. You may refer to the following Guide for Licence Amendment (1.37MB).