Topic #5: Overview of a Real Estate Appraiser

It is not an easy task to become a real estate appraiser. But if you are willing to put in the time and the work you can find yourself in high demand in a field of work which can bring incomes upward of $100,000 according to payscale.com. There are several levels of certification for real estate appraisal. Each one has a set of definite qualifications and standards that must be met in order to achieve the certification.

 Levels of Real Estate Appraisal

1. Trainee Appraiser- Work under a certified appraiser and have 75 hours of class instruction.

2. Licensed Real Property Appraiser- Pass an exam, work 2000 hours of appraisal, 150 hours of  class.
3. Certified Residential Appraiser- Pass an exam, work 2500 hours of appraisal, 200 hours of class.

4. Certified General Appraiser- Pass an exam, work 3000 hours of appraisal, 300 hours of class.


*******For more information about becoming an appraiser follow this link to the Appraiser Qualifications Board*******

http://www.appraisalfoundation.org/ 

Appraisers are an integral part of the real estate market. It is important than that each appraiser is appropriately trained in order to make sure that the properties that are being evaluated are accurately evaluated in order to give buyers, sellers and investors a genuine idea of how the markets look. Real estate can be a risky business but with appraisers that are trained well and held to high standards, some of that riskiness can be removed.