i live in michigan
2006-06-23 06:48:55 · 6 answers · asked by Timothy P 1 in Business & Finance ➔ Renting & Real Estate
Check Salary.com for average wages of experienced appraisers (around $50K to $60K).
Most appraisers work in a "shop" and split the appraisal fee with the owner of the appraisal company. A fee split for a trainee can be very low. For an inexperienced, newly licensed appraiser, expect a fee split as low as 40% to as high as 60%. Experienced appraisers typically make a 50% fee split, with the fee split going as high as 60%.
Appraisal fees vary company to company, and region to region. For a single family appraisal, the fee ranges between $275 to $400. For a multifamily home, the fees range from $400 to $750.
Appraisal work tends to be cyclical. It tends to be busy in the summer, in November and in March. Work as much as you can in the busy times. The slow times will come, with the smaller paychecks. Take your vacations in late September to early October.
There are government appraisal jobs. Appraisers are hired by the Department of Transportation for right of way appraisals. Appraisers are hired by tax assessors. The IRS hires appraisers. Check the Monster Board or other internet job sites for positions and salaries. Government jobs have lower salaries, but do have health insurance, paid vacations, etc.
Check the Appraisal Institute's job site for private appraisal jobs.
2006-06-24 05:31:41 · answer #1 · answered by fatalleycat41 3 · 0⤊ 0⤋
It depends on where the majority of their business comes from. If they are appraising residential real estate that is signle or multi family for 4 units or less, then the normal fee in my area is $300-350. Residential with 5 or more units is considered commercial property, and goes by commercial appraisal rates which usually run from $1000-1500 on average in my area.
You could figure if your busy it would be $30-50k/year or more
2006-06-23 07:46:40 · answer #2 · answered by ReggieWjr1 4 · 0⤊ 0⤋
I've never met an appraiser that didn't make six figures. It depends on how much work you do. Generally, fees are in the $350 range, though there are no rules on what they can or cannot be. Full time, you can make half a million a year.
2006-06-26 20:47:24 · answer #3 · answered by Sunny Christian 4 · 0⤊ 0⤋
Between $350 to $500 a deal.
2006-06-23 06:51:21 · answer #4 · answered by Joe K 6 · 0⤊ 0⤋
I would guess it would depend on the market you are in. Maybe 30,000 to 40,000 a year or more.
2006-06-23 06:54:16 · answer #5 · answered by mike67333 6 · 0⤊ 0⤋
none they work for free
2006-06-23 06:51:52 · answer #6 · answered by liar 1 · 0⤊ 0⤋