How do you become a home appraiser?

Question

Is there any educational requirement? trainings to undergo? exams to pass and permits to get?

My future hubby just had his home appraised and this guy who did it got $350 for 15 minutes. Cool job!

Answer 1

Well he got ripped off because it takes more than 15 minutes to do a complete appraisal. Training is required. He probably didn't really inspect everything but instead took it for granted.

Answer 2

First you have to take basic appraisal principles 30 hours, basic appraisal procedures 30 hours and National USPAP 15 hours and pass a test, (cost around $600). then you can get a trainee lic.(cost around $150) Next you have to find someone who is a certified appraiser to work under for a total of 2500 hours for no less than 2 years. During your 2 year period you must take 200 hours more of class required by your state (cost around $1000). Then you have to take the State test (Cost around $500) (40% failure rate) . After 01/01/2008 you will need an associate degree or higher. Trust me there is a lot more than 15 minutes that is going to go into your appraisal about 4-5 hours total some are less and some are more. The biggest problem is when your are a trainee you only make 20-30% of the appraisal fee, you get $70-$100 per appraisal and you pay for your own gas and expences. I spent $20K out of my own saving account to pay my bills until I got certified. It is a cool job, I get to work from home and make my own hours.

Answer 3

I'm a real estate appraiser in FL. There is like 100 hours of education required and you have to have a supervising appraiser to work under for a while. There are TONS of rules & regulations on this & it's getting tighter as time goes by. They used to not require a degree, but in FL you know have to have at least a 2 yr degree to be certified and 4 year degree to become a general (commercial). There is TONS more to it than 15 min. He may have spent 15 min at your house, but spend a day or so at the office doing all the research. The inspection is the easiest part. You have to know the market and building costs, etc etc etc etc etc! And then you have to know about loans, real estate transactions, etc etc etc. There is a lot to know. And the market is so crappy right now, there are a lot of hungry appraisers out there, myself included. Not enough business to go around. Check with your state's dept of business & regulations for full list of requirements.

Answer 4

Leo's answer is mostly correct, and Casie is on the right track but overloaded with unnecessary drama. The pay during the Apprenticeship period varies; this is no "one" pay for all appraisers. Compared to my experience, Leo's apprenticeship seems fairly hard-knocks. But you will pay your dues; after all, your sponsor is sacrificing their time to teach you a life's skill. Meeting the educations requirements is the easy part. Finding a sponsor is most difficult.

Answer 5

If your future hubby is doling out $350 bucks for doin fifteen minutes work Im coming to work on your staff role.
I only want the good jobs like 'cat stroker' or 'Ice cream tester' lol.

Answer 6

if i,m right you might need to go to real estate school and work on it there or your future hubby could ask the guy that did
his house what he did to do that sort or work .

Answer 7

I didn't just get my house appraised.

Answer 8

I wish I knew... sorry!
God bless you.. Miho :)