Can you be a Realtor/Appraiser/inspector all at once? What would you have to do to make that happen and what would some of the requirements be?
2007-05-14 07:04:30 · 8 answers · asked by Tiffy 2 in Business & Finance ➔ Renting & Real Estate
You can but you increase your liability if you are performing multiple professional services on one transaction.
You would need to get licensed in all three separately.
2007-05-14 07:23:30 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You have to have Realtor's sales license, and then you have to work for a Broker. If you have a Broker's license, you can still sell real estate but most broker's have the sales licensees do that. Broker's can own their own real estate business, sales licensees MUST work for a broker. You can also become an appraiser after taking a class and passing an exam, and you can be a housing inspector after taking a several months long course and passing an exam. You probably couldn't offer all of these services to the same client (conflict of interest possibilities), but as a Realtor it would definitely be in your best interest to know all three because you could appraise the value of a house, inspect the house to see if there were any problems (housing inspectors can make $100 an hour), and then sell or buy the house and know whether or not it was worth it or if the price was too high (or too low) for the property in question.
2007-05-14 07:13:19 · answer #2 · answered by Paul Hxyz 7 · 0⤊ 0⤋
You can, but once you become an appraiser you will fall under the USPAP guidelines. This will make it much more difficult to separate the jobs. It also increases your liability exponentially under USPAP laws. Also it takes several years to become a licensed appraiser, if you appraise full time. You may want to specialize. I do know several persons who are Realtors and appraisers, but they have all ended up specializing in one field or the other, as they are both time intensive endeavors.
2007-05-14 09:10:31 · answer #3 · answered by Qyllix 5 · 0⤊ 0⤋
Yes. In fact, you could be a Realtor/Appraiser/Inspector/Loan Officer/Doctor/Engineer/Dentist/Lawyer all at one time if you'd like to REALLY spread yourself thin.
Get the schooling. Take the license exams. Pay your annual/quarterly dues/fees. Then all the bucks will start rolling in.
2007-05-14 08:21:26 · answer #4 · answered by teran_realtor 7 · 0⤊ 0⤋
You can but it will be difficult. You should choose one & master it.
Call local real estate schools to find out education & licensing requirements for your state.
Do the same for appraisal school
Home inspector, they're usually contractors or have been through contractor training & certification.
You'll need quite a bit of money for all of this. School, monthly, yearly fees, licensing, supplies, education etc.
2007-05-14 07:10:05 · answer #5 · answered by Miss Emily1 3 · 0⤊ 0⤋
Yes you can, however you would not be able to be more than one of them on any single transaction since that would be a conflict of interest.
Realtor - requires school and licensing
Appraiser - requires school and licensing
Home Inspector - I think requires school and possibly licensing.
2007-05-14 07:08:19 · answer #6 · answered by mrsfoster 2 · 0⤊ 0⤋
All seperate jobs with seperate requirements. You could work to achieve all three, but you would never want the conflict of interest that would come from attempting to do all three in the same house transaction.
2007-05-17 11:20:21 · answer #7 · answered by John, a REAL Buyer Broker 2 · 0⤊ 0⤋
Conflict of interest? Not really
As a Realtor and consumer myself - I just prefer to hire an expert and I have a lot of trouble believing that one person can be an expert in all three. I dont suggest trying to put all three on your plate.
Good luck
Please don’t forget to pick me as your best answer ;- )
2007-05-16 11:39:38 · answer #8 · answered by Mench 2 · 1⤊ 0⤋