Become a Real Estate Appraiser | Real Estate Appraiser Schools

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Excellent news for real estate appraisers as this profession is expected to grow faster than average. Assessors and appraisers within the real estate field research and prepare details reports on the value of homes and/or land parcels as well as the methodology and reasoning behind their pricing estimates.

• Nature of the Work - Required for a number of purposes, including divorce settlements, estate settlements, property tax assessments, assisting in setting a selling price, and confirmation of collateral for mortgages, assessors and appraisers estimate the value of properties.
• Become a Real Estate Appraiser - Schools and Training - In 2008 there were changes to the required educational background for assessors and appraisers. In order to receive a license, it is now mandatory to possess a bachelor's degree or the equal number in credit hours. A bachelor's degree in a related field is also common for practicing assessors and appraisers. These related fields include finance, real estate and economics.
• Licensing - There are federal legal requirements governing any appraiser, who is involved in a transaction involving a loan in the amount of $250,000 or greater. They are required to possess certification or licensing issued through the State. Keep in mind that each State will vary, but in general include certain training requirements, on-the-job training and the successful completion of one or more examinations.
  
  

Become a Real Estate Appraiser - Real Estate Appraiser Career

Each state has specific requirements that will need to be investigated by prospective appraisers and/or assessors. Although requirements may vary, all appraisers and assessors must be licensed. The requirements become fully qualified as an assessor or appraiser are complex, vary by State, and at times by the type or value of property.

The majority of assessors and appraisers hold a bachelor degree in a related field such as finance, economics or real estate. Specific training programs and courses necessary are most often taken separately from the degree, through community colleges or through appraisal or assessor organizations.

Obtaining certification or licensing includes on the job training which is a requirement for becoming a fully qualified appraiser or assessor. Real estate offices and financial institutions have, in the past, offered appraisers an opportunity to gain working experience. Currently, the trend has provided candidates the opportunity to gain their first office experience in that of an independent fee appraiser.

Become a Real Estate Appraiser - Graduate - Job Outlook

Employment opportunities or real estate appraisers and assessors is expected to grow faster than the average of all occupations. This indicates that all of those meeting the requirement of licensing plus several years of work experience should have favorable job opportunities.

Over 100,000 positions were held by assessors and appraisers in the year 2006, the majority working full-time. Over 30 percent of those were self-employed with an overwhelming majority as appraisers. The concentration of employment was within major metropolitan areas as real estate activity. More evenly spread through the nation, an assessor is usually found in each community.

The West and East coasts, plus major cities and their suburbs should offer the best employment opportunities through active real estate markets. It may prove more challenging for those wishing to enter the occupation, but established assessors and appraisers should find excellent opportunities.

The expected employment growth of assessors and appraisers of real estate, through the years 2006 to 2016, should be 17 percent which is faster than the average of all occupations. The increases in real estate activity will see the growth in the employment of appraisers. The employment of appraisers will also grow due to their required assistance in divorce settlements, foreclosures, business valuations, litigation claims and probate cases.

Become a Real Estate Appraiser - Graduates - Earnings Statistics

In May of 2006, the BLS (Bureau of Labor Statistics) reported average annual earnings of salary and wage assessors and appraisers of real estate were $44,400, with the middle 50 percent earning between $32,000 and $64,500, the lowest 10 percent earning less than $24,000 and the highest 10 percent earning more than $86,000. The average annual earnings of local government employees were $40,600. The average annual earnings for those working within real estate firms were $44,000. It was reported that those individuals working in coastal and urban regions earned more than their rural counterparts.

Related Occupations: Other occupations related to the real estate appraiser and assessor are urban and regional planners, construction and building inspectors, and sales agents and real estate brokers. In addition, occupation also involved in the valuation of items include cost estimators, claims adjusters, examiners, appraisers and investigators.


Become a Real Estate Appraiser - Courses - Schools

There are an excellent number of choices if you want to become a real estate appraiser. Online schools and colleges now provide the same curriculum as the traditional education. Learning online provides you with so much more flexibility to suit your lifestyle and current employment. We include our top recommendations for courses and schools to become a real estate appraiser.

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