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How to Become a Real Estate Appraiser

Do you like being your own boss? Are you comfortable with some basic math and have excellent detective ability? Perhaps you should consider a career as a real estate appraiser. If you are a person that loves to spend time with your family and make up your own working hours, this should be right up your alley. In general, real estate appraisers love their work because of the freedom and control it allows. There is no reason why you can’t do this as well.

 

If you are in the U.S., check your state’s licensing board to find out how to get a trainee license. If you are outside the U.S. you should have something equivalent. Before you can get your trainee’s license you must take classes. Look for local schools or perhaps on line coursework that offer the trainee license. In some states in the U.S., it is possible to get appraisal experience before you are licensed so take advantage of this if it is available. The sooner you get experience the better. Now, in the U.S. it depends what state you live in in terms of acquiring your training license. Some require a test and/or appraisal experience. Keep an eye out for that.

 

Once you have your trainee license, you’ll need to get an appraiser to guide you. This person will act as your supervisor teaching you all the tricks to the trade. Finding a supervisor that works well with you may be a bit tricky but take your time and sort it out. Your supervisor will be required to sign off on all your work and this will be used to get your real estate appraiser license. Remember you can get a supervisor before you get your trainee license in many states (best situation if you can).

 

One place to find a supervisor is by getting a trainee position at a bank (particularly bank loans). Banks often hire trainees right off the street. What’s nice about this is you will make some money right away. Your pay will be minimal until you receive you full license. Also, start networking with appraisers in your area and let them know you are out there.

 

Make sure to complete 150 hours of appraisal license schooling including 15 hours of USPAP (Uniform Standards of Professional Appraisal Practice) course. You’ll need to have completed 2,000 hours of trainee work. Then you can apply for your license and take the state test.

 

If you would like to be a Certified Residential Appraiser, then you must complete a minimum of 200 AQB (Appraiser Qualifications Board) hours of schooling and get 2,500 hours field experience as well as pass an exam given by the jurisdiction giving the credential.

If you want to become a Certified General Appraiser then you must complete 300 AQB (Appraiser Qualifications Board) hours of schooling and get 3,000 hours of field experience and pass an exam by the jurisdiction giving the credential.

 

Somewhere along the road, you may want to have several licenses because this will broaden your job opportunities. When work is slow in one area there may be work in another

Leigh Connelly

Leigh Connelly

Leigh Has been online publishing since 2001. His interest included self development, new technology’s and travel.
Leigh Connelly

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