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 much does a real estate appraiser trainee earn?
A Real Estate Appraiser Trainee earns an average salary of $38,007 per year. Most people with this job move on to other positions after 10 years in this field.
How long does it take to become a real estate 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.
What does it take to become a real estate appraiser?
While the criteria for licensure or certification vary significantly from state to state, certain minimum requirements are applied universally. Appraisers of residential real estate must hold an associate’s degree or higher, while appraisers of commercial real estate must hold a bachelor’s degree.
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.
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)
What do appraisers look for when appraising a house?
The purpose of a property appraisal is for the appraiser to see firsthand the home’s location, the quality and condition of its construction, the home’s amenities, and special features that may affect the property’s value. It’s the comparison that ultimately determines the home’s value and marketability.
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