Here are the five steps to take to become a real estate appraiser.
- Step 1: Get a Trainee License Through Coursework.
- Step 2: Complete 1,000 Hours of Work Experience Under the Supervision of a Licensed Real Estate Appraiser.
- Step 3: Complete Required Coursework.
- Step 4: Pass the Residential Real Property Appraiser Exam.
How long does it take to become an appraiser in California?
The Required Core Curriculum to become a California Trainee Appraiser totals 150 hours. Following are the required courses: Basic Appraisal Principles (30 hours) Basic Appraisal Procedures (30 hours)
How do you become a real estate appraiser?
A real estate appraiser provides an objective and unbiased estimate or appraisal of the value of a property. Appraisals are prepared for lease negotiations, mortgage lending purposes, tax assessments, and more. Appraisers inspect the property’s features and compare it to similar properties to determine its value.
How long does it take to become an appraiser?
You must complete a total of 150 hours of education. The 150 hours includes the 75 hours required for the trainee level and four additional courses: Residential Market Analysis and Highest and Best Use 15 hours. Residential Appraiser Site Valuation and Cost Approach 15 hours.
Is real estate appraisal a good career?
Real Estate Appraisal Careers. Real estate appraisers have it made in good markets. They have the potential to earn six-figure incomes working as their own bosses. The requirements for becoming an appraiser are different in each state, though, so you need to check the specifics in the state in which you want to work.
Do appraisers have to be licensed?
All states require appraisers to be state licensed or certified in order to provide appraisals to federally regulated lenders. Some states require appraisers to be licensed or certified to provide appraisals for other parties as well.
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