Wondering what it takes to become a licensed real estate property appraiser? Find out how to get your appraisal license and start working as a licensed real estate appraiser below.
The role of an appraiser is to give an estimate of the value of land or building before it’s sold, mortgaged, taxed, insured, or developed. These assessments are detailed overviews of what a property or structure is worth compared to others like it.
Appraisers take photos, find unique property characteristics (good and bad), and verify that current public records on the property are accurate. They then write a report on their findings and submit the information to be processed.
Appraisers tend to work out of an office but spend a good amount of time visiting properties assessing their value.
Appraisers usually work normal business hours and often create their own schedules. Working weekends isn’t unusual.
Appraisers are well organized, like to interact with people, have good analytical skills and work well with numbers.
Real estate appraisers must be certified or licensed within the state they are working. Each state has its own set of requirements. Check your state appraisal license requirements before taking any courses OR talk to an Allied representative for more information on your state requirements.
There are four types of real estate appraisal licenses: Trainee (varies by state), Residential, Certified Residential and Certified General. Appraisers begin their careers as trainees and learn under a mentor when first starting out. After completing the education requirements and field hours, trainees can move up to become certified appraisers.
Appraisers need to complete pre-license education classes before they can take the state exam. Higher license levels may require appraisers to have an associate degree, bachelor’s degree or higher.
Note: In California, you will submit your course completion certificates when applying to become a licensed Appraiser Trainee (AT). The state exam will be required once you complete your experience hours, fulfill additional education and apply to get your a Residential Appraiser License (AL).
Each state has a required amount of on-the-job training hours that must be completed as a Trainee before they can move on to become a Licensed Residential Appraiser.
Enter a profession that offers a positive outlook and long-term career potential. Employment of real estate appraisers is expected to grow as levels of real estate activity increase in markets across the country. This will lead to a greater need for licensed professionals to provide accurate and reliable home appraisals.
In 2014 the median wage for real estate appraisers was $52,570, the top 10 percent of which earned over $95,020.
Appraisal careers typically follow the trends of the real estate industry. And with real estate markets continuing to rebound, jobs are projected to grow 8 percent from 2014-24.
With Allied’s state-approved appraisal courses, you can get the training you need to start an exciting new career in the real estate appraisal field. We provide you with the most complete and convenient appraisal licensing packages and courses available. You will have everything you need at your fingertips.
Allied has what you need to succeed:
A variety of clients use the services of an appraiser, such as lenders, insurance companies, attorneys, and property owners. As a licensed appraiser you can acquire the skills you need to work for a private company or eventually even oversee and run a real estate appraisal business of your own.
Start working to meet your state’s licensing requirements and pass the appraisal examination. Enroll in an appraisal program today and be on your way to a new future.
Call 800-617-3513 or APPLY ONLINE to get started!
*Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016-17 Edition, Appraisers and Assessors of Real Estate (website visited January 18, 2016).