What does an appraiser do?
An appraiser inspects real property (land and/or structures); verifies the condition of the property and its improvements; and estimates an accurate value for that property. An appraiser must have in-depth knowledge of building techniques and codes, topography, finance, and economics in order to generate a typical value of the appraised property.
What kind of jobs can an appraiser qualify for?
Appraisers are often self-employed, or they work for mortgage firms, real estate brokers, lenders, corporations, and government agencies. Anyone investing in real estate needs accurate and concise information describing the property, its condition, and its value. And, in order to secure a bank loan, the property must have an appraisal by a licensed appraiser. Real estate appraisal is also an invaluable additional skill for real estate brokers, home inspectors, investors, or others dealing in the real estate industry.
What happens after I pass the state exam?
This depends on your state's requirements (contact them for specific information). In California, for example, once you complete the Basic education curriculum and pass the state exam, you receive a trainee's license. Then, after 2,000 hours of "on the job" experience, you automatically receive your Residential Appraisers license.
What are the differences between Residential, Certified Residential and Certified General Appraiser licenses?
They vary by state; however, generally it is the dollar value of the property being appraised that is the primary factor that indicates what license level is required to effectively appraise it. The best answer is to contact your state for specific information.
Is there a market for appraisers now?
There is always a market for real estate appraisers, but now is certainly an ideal time. Real estate is booming because of low interest rates. In fact, this may be the best time ever for you to get your appraiser's license!
Why can't I take the Basic Courses online?
There may come a time when this is possible. However, at The Appraisal School, we place a great deal of emphasis on "hands on" learning, and experiential, "in the field" training when teaching the fundamentals of real estate appraisal. Distance learning in many other fields can be done easily from beginning to end, but at the present time, we have chosen to offer our online courses only to those students who are continuing their appraisal training after they have completed their basic program.
What are the advantages of the Distance Learning courses?
The most obvious advantage is that taking the course online allows you to study when YOU have the time. You don't need to work at anyone's pace but your own. You don't have to be within commuting distance of our school, or worry about coming to class after working all day. Once you enroll for an online course, you will have 6 months in which to complete it: in your spare time, at 3 AM, on the weekends..whenever is best for you.