If you\u2019re the sort of person who enjoys regularly getting out of the office and doing interesting work, then learning how to become a house appraiser could be ideal for you. <\/p>\n\n\n\n
Appraisers are professionals who work closely with other stakeholders across the real estate sector<\/a>, including agents, buyers, banks, sellers, and investors to determine \u201cfair value\u201d for properties. With their help, sellers and banks can find out how much real estate is worth, allowing them to plan accordingly and know what to expect. There are currently more than two million real estate agents in the US<\/a>, so being qualified to appraise houses is a valuable skill. <\/p>\n\n\n\n A house appraiser\u2019s main task is to determine how much a particular property is worth. Because real estate prices change all the time, owners, estate agents, and buyers often need professional valuations. <\/p>\n\n\n\n An appraiser\u2019s estimate doesn\u2019t necessarily mean that the house will sell for that amount, but it does provide all stakeholders with a ballpark figure for what the property is worth. It also helps to prevent overpaying by buyers and underselling by sellers. <\/p>\n\n\n\n When determining the value of a property, appraisers will look at: <\/p>\n\n\n\n The appraiser\u2019s individual experience also contributes to their valuation. For some, a particular property may appear to offer tremendous value, while for others it may not.<\/p>\n\n\n\n To become a licensed residential appraiser, you\u2019ll need around 150 hours of qualifying education and more than 1,000 hours of experience over a period of at least six months. For other types of appraisers, such as certified residential appraisers and certified general appraisers, you\u2019ll need more education and hours of experience on the job. <\/p>\n\n\n\n The median real estate appraiser pay was $59,510 in 2021, with 95% of incomes ranging from $36,940 to $72,210. A trainee appraiser won\u2019t earn a great salary, but as a qualified general appraiser you\u2019ll find yourself at the higher end. <\/p>\n\n\n\n In this section, we show you how to become an appraiser, step by step:<\/p>\n\n\n\n Unfortunately, real estate appraisal isn’t a career that you can just walk into without any qualifications. The Appraisal Qualifications Board (AQB) is in charge of setting standards for anyone entering the industry.<\/p>\n\n\n\n The steps to becoming an appraiser depend on the state. Some require you to take additional courses and exams beyond those the AQB requires. <\/p>\n\n\n\n If you want to learn more about how individual states treat real estate appraiser licenses, go to the Appraisal Subcommittee (ASC) website for a full list<\/a>. <\/p>\n\n\n\n To get a property appraiser license, you\u2019ll need to begin as a trainee \u2013 an official ABQ classification. <\/p>\n\n\n\n To get to this stage, you\u2019ll need to complete three short courses: <\/p>\n\n\n\n As an addition to these core requirements, you may also have to take extra courses set out in your state\u2019s legislation. <\/p>\n\n\n\n Before you can get a residential appraiser license, you\u2019ll need a minimum of 1,000 hours of work experience over at least six months. <\/p>\n\n\n\n The best way to do this is to find a supervisory appraiser \u2013 someone you can shadow as you learn your trade. Usually, you can find suitable professionals via a real estate appraiser organization. You can also reach out on job sites such as LinkedIn or Indeed. <\/p>\n\n\n\n Some states have different experience requirements. For instance, Florida, Illinois, Iowa, Pennsylvania, and Vermont all require 1,500 hours of experience. Georgia, Maryland, Mississippi, Nebraska, New Hampshire, North Dakota, Oregon, and Washington require 2,000 hours. And Alaska, Connecticut, Indiana, Louisiana, Montana, and Wyoming require 2,500 hours. <\/p>\n\n\n\n Formal training requirements to become a trainee appraiser are minimal. However, if you want a full real estate appraisal license, you\u2019ll have to do some additional courses to fulfill AQB\u2019s minimum requirements. <\/p>\n\n\n\n Home appraisal job requirements include: <\/p>\n\n\n\n These requirements can vary across states, so look into your state board to ensure that you\u2019re fulfilling all the necessary criteria.<\/p>\n\n\n\n Once you complete this part of your real estate appraiser education, you\u2019ll need to pass your state\u2019s licensing exam. Tests comprise 110 questions that you must answer in under four hours. <\/p>\n\n\n\n The questions will probe you on everything you need to know to become a residential real estate appraiser. This includes:<\/p>\n\n\n\n State advisory boards commission a range of private exam providers for examinations, such as Applied Measurement Professionals, Pearson VUE, and PSI. To book an exam, check these organizations\u2019 schedules and then book your slot online. <\/p>\n\n\n\n Once you pass your exams, the last step is to officially hand your license application to the relevant state licensing board. Again, state application requirements vary, so you\u2019ll need to visit the ACS website to check your state\u2019s requirements first. <\/p>\n\n\n\n Once your license gets approved and you get home appraisal certification, you\u2019re free to begin working. However, even with this license, you\u2019re limited in terms of the properties that you can appraise. For instance, licensed residential appraisers (the most common career path), can only work on: <\/p>\n\n\n\n To start working, you\u2019ll need to search for job opportunities on popular sites, such as LinkedIn and Indeed. At first, you\u2019ll usually work for a private appraisal business or banks. However, later you may be able to work independently or as a contractor, depending on how successful you become. <\/p>\n\n\n\nWhat Does a House Appraiser Do? <\/h2>\n\n\n\n
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How Long Does it Take to Become a House Appraiser?<\/h2>\n\n\n\n
How Much Do Appraisers Earn?<\/h2>\n\n\n\n
Becoming an Appraiser: What You Need to Know<\/h2>\n\n\n\n
Step 1: Learn how to become an appraiser<\/h3>\n\n\n\n
Step 2: Start out as a trainee<\/h3>\n\n\n\n
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Step 3: Get 1,000 hours of experience (minimum)<\/h3>\n\n\n\n
Step 4: Complete additional courses to become a licensed appraiser<\/h3>\n\n\n\n
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Step 5: Pass your state\u2019s licensing exam<\/h3>\n\n\n\n
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Step 6: Put in your application<\/h3>\n\n\n\n
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Step 7: Get working<\/h3>\n\n\n\n