I am not sure if this means better days are ahead for appraisers. A recent article on the AppraisalScoop.com website entitled "AMCs: Prepare for Appraisal System to Change, Fees to Rise" (http://bit.ly/U0Q88C ) highlighted the changes coming to the appraisal industry.
I was asked the other day by someone working at a home I was appraising, "How can I get into the appraisal business?" I told her, you'd make more money WITHOUT an appraiser's license since you won't be bound to the same liability I am! Get a sales license with a broker, and work in other areas of the industry (sales, management, consultations).
A real estate agent can get their license with a broker and be in business within likely 1-3 months. How long would it take for a person to get into the appraisal business these days?
- *College degree needed.
- *2 years of apprenticeship needed.
- *Supervisory appraiser (who is willing to train them) needed.
That is at least 2+ years just to be a rookie appraiser!
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