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How do you become a real estate appraiser

This article aims to provide a step-by-step guide on how to become a real estate appraiser. Whether you're interested in pursuing a new career or expanding your horizons in the real estate industry, this guide will outline the necessary requirements, benefits, and conditions for aspiring appraisers in the US.

Benefits of Becoming a Real Estate Appraiser:

  1. Lucrative Career Opportunities:

    • Real estate appraisers enjoy a stable income and have the potential to earn a substantial salary.
    • The demand for qualified appraisers is consistently high, ensuring a steady flow of job opportunities.
  2. Flexibility and Independence:

    • As a real estate appraiser, you can choose to work as an independent contractor or be employed by government agencies, banks, or private firms.
    • Enjoy the freedom to set your own schedule, allowing for a better work-life balance.
  3. Diverse Work Environment:

    • Appraisers have the opportunity to visit different properties, ranging from residential homes to commercial buildings.
    • Engage with diverse clients and professionals in the real estate industry, expanding your network and knowledge.

Steps to Becoming a Real Estate App

What type of appraiser makes the most money?

Licensed real estate appraisers earn between $35,000 and $85,000 per year, more if taking on management positions. Certified residential appraisers make, on average, $10,000 more than licensed real estate appraisers. Certified general appraisers make, on average, $25,000 more than licensed real estate appraisers.

What is required to be a home appraiser in Washington state?

Washington Appraisal: Certified General

Experience: 3,000 hours of acceptable appraisal experience in no less than 30 months. A minimum of 1,500 hours of the required experience must be in non-residential appraisal work. College Education: Must have a Bachelor's degree or higher.

Do you have to be good at math to be a real estate appraiser?

Real estate appraisers need skills in areas including customer service and mathematics.

How long does it take to become an appraiser in Texas?

The TALCB requires that you legally complete 1,000 hours of experience supported by written reports prior to becoming a Licensed Residential Appraiser. This generally equates to 250-300 residential appraisals. You must be supervised by a Certified Residential or Certified General Appraiser.

What are the cons of being a real estate appraiser?

It can be a demanding job.

At times, working as an appraiser can be demanding, as so many things hinge on the results of your appraisal report. Both banks and borrowers want to avoid appraisal gaps (differences between the fair market value of a home and the approved amount of the loan).

How do I get an appraisal license in WA?

Appraisal Licensing Washington

  1. Obtain Your Washington State Registered Real Estate Appraiser Trainee License.
  2. Complete Your Washington State Licensed Real Estate Appraiser Education.
  3. Conduct Your Appraisal Work Experience.
  4. Submit Your Application.
  5. Pass the National Uniform Licensing & Certification Examination.

Frequently Asked Questions

How long does it take to become a real estate appraiser in NY?

Current New York Real Estate Appraiser License Requirements

2,000 hours of experience over a period of not less than 24 months is required, 75% (1,500 hours) of which must be from appraisals of residential properties listed on the Appraisal Experience Report (Attachment C).

How much do residential appraisers make in Texas?

What is the average salary for a real estate appraiser in Texas? The average salary for a real estate appraiser in Texas is $73,500 per year. Real estate appraiser salaries in Texas can vary between $29,500 to $199,000 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

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