real estate appraiser?

Question

what is this job like?

What do I need to do to become one?

Answer 1

one must understand research.
ONE takes that research and then visits
a particular address where a specific property
is located; bare land, a house,
an apartment complex, a shopping center, etc
and must decide, based on MANY variable--
components if you prefer, what the value of that
property is.

ONE must research other similar sales,
sales done in a specific period of time,
compare to the type of construction,
compare to location within a city or county
and a myraid of other things.

In order to get a bank loan, every property
owner or owner to be, must hire an appraiser.

Thanks for asking

[and appraisers must appraise for changes
to a property and for re-finances]

Answer 2

It is a stressful job during busy times. Your are always being pressured to "make" value. But it is good in the sence that it is not a 9-5 job. You have freedom - you can work when you want to. You have the potential to make good money too. To become an appraiser you must train under a license/certified appraiser for 18 months. You also need 120 class room hours. Once you have all that you can take the state test.

Answer 3

The market is flooded with new real estate appraisers with NO WORK due to the recent Real Estate Market boom and bust.

This is not the time to become an appraiser unless you like being unemployed.

Answer 4

1.-There are different kinds according to the properties you are interested in appraising:

http://www.vaned.com/index.cfm/fuseaction/AppProf/Tab/App

2.- It depends the state. Check your government dep of labor and economic growth. Usually there is 2types of certificates you need just to start 75-hour Appraisal 101 course and the 15-hour USPAP course.

While you get your appraiser's license you can still make $$ on the loan side you don't need licensing.
Ex: In a $500K loan as a trainee you get paid aprox $2500

Whit Citinet you can get paid while you train (on the loan side) and when you are done with school very likely they'll hire your services, n still you can continue making $$ on the loan if you still want it.

They have offices across the US, but to do the loan part doesn't matter where you are at.

Answer 5

The 'premier' professional organization is the Appraisal Institute, which has a nice overview and links to other data on the web:

http://www.appraisalinstitute.org/resources/become_appraiser.asp


The web site shown earlier from a trade school also has a good overview:
http://www.vaned.com/index.cfm/fuseaction/AppProf/Tab/App