Do real estate appraisers make good money?

Question

in californis in particular.

also what is it that they do specificaly?

and how much do they make in a year?

BTW how many houses does the apprasier appraise in a day? and how much does he get for each house?(on average)

Answer 1

HI
It depends on the market and how much work you put in. The more the market is in demand the more money you can make. It is also a full time job, most work 40-60 hours a week.

Most appraisers don't earn straight salaries. Government agency appraisers are usually paid a regular salary, but those who work in the private sector usually earn a percentage of the fees charged for the appraisals they do, though they may also earn a small base salary. This means that appraisers' incomes vary significantly and are affected by market conditions. When there is a lot of turnover in property, there is lots of work and appraisers can earn a high income. When the property market slows down, some have trouble making a living.

Real Estate Appraisers make pretty good money. It varies for each house/property, etc, so I coudn't give you a certain amount. There are some that make over $100,000 a year. The road to six figures typically takes up to five years. Usually, two years of appraisal courses and on-the-job training are required before sitting for a state licensing or certification exam.

There was a survey in 2005 by the Appraisal Institute. It indicated that 34 percent of appraisers had gross incomes of $100,000 or more in 2003; of those, 7 percent earned between $150,000 and $200,000 and 9 percent earned $200,000 or more. Another 13 percent earned between $80,000 and $100,000. This was in 2003, the house market is still in full swing so the #'s should be about the same.

As far as what they do specifically, please click the link in the source center, they have pretty much a A- Z about Real Estate Appraisers. Good Luck!

Answer 2

Certified Residential Appraiser Salary

Answer 3

Right now not very much. Things are slow for most every appraiser with the refi boom over and sub-prime problems. Average appraisal on the west coast is between $375-$450 per appraisal and goes up from there, income prop are more. I have done up to 2 in one day and some have taken as much as 3 days on complex assignments. The bigest problem is getting your Lic. in our state it takes 2000 hours and must be spread over 2 years and about 150 classroom hours. To get certified it takes 2500 hours and 200 classroom hours. After 01/01/2008 to become certified or general certified you must have a associate degree or higher in addition to all the training. A trainee starting out makes very little 20%-30% of the appraisal. Good luck

Answer 4

If you have a graduate degree, the money is very good. Otherwise, it depends on many factors.