Would you like to be an appraiser?

By
Real Estate Appraiser with AmcAppraisalsinc.com

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!

 

Comments (2)

Richard Glesser
North Country Appraisal Services - Gaylord, MI

Is there any wonder the ranks of appraisers are quickly diminishing.  With the difficulties presented by lenders, the AMCs, and increasing liability, many of the elderly appraisers who make up the bulk of the industry are calling it quits.  At one time, a great profession; now, I believe it to be a dying one.

Nov 10, 2012 11:03 PM
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

I wish there more appraisers entering the field...I cannot imagine a Real Estate world where BPO agents are valuing all property. Ah!

 

Dec 08, 2012 01:42 AM