1/10/2023 0 Comments Certified property evaluatorIt consists of 15 hours of Universal Standard of Professional Appraisal Practice (USPAP). The first step of the Appraiser Trainee program is a hands-on learning experience. Related: 15 Jobs You Can Get With an Associate Degree 2. Here is a list of related degrees you can earn to assist in your career as an appraiser:īachelor of Arts in Business Administration and FinanceĪssociate of Science Real Estate Appraisal If you choose to earn a degree relating to property appraisal, you can likely apply passing grades in these courses to that degree. According to the Bureau of Labor and Statistics, some states require that professional appraisers earn a degree beyond high school. Many community colleges, four-year colleges and online certification programs offer classes to fulfill this requirement. These are classes that focus on basic appraisal principles, and those that focus on the basic appraisal procedures. The 60 hour requirement is divided into two main parts. The first step in becoming a real estate or property appraiser is to complete 60 hours of preliminary educational courses. Here is a step-by-step list for how to become a licensed property appraiser: 1. Related: Average Real Estate Appraiser Salary at Each License Level How to become an appraiser in six steps Review appraisal: Review appraisal is an area of specialty in which people focus on reviewing the accuracy and transparency of another appraiser's work.īusiness valuation: Business valuation is a type of appraisal that involves estimating the economic value of someone's business. Litigation appraisal: Litigation appraisal is a type of appraisal that involves estimating the cost of personal property in cases of divorce, insurance dispute or fraud.Īgricultural appraisal: Agricultural appraisal is a specialty that focuses on estimating the value of land or agricultural properties.Ĭomplex property appraisal: Complex property appraisal is a type of appraisal that involves estimating the values of homes or units within a residential complex. Real estate property appraisal: Real estate property appraisal is the valuation and estimation of the fair market value of a residential home.Ĭommercial property appraisal: Commercial property appraisal is property valuation for existing commercial properties or those in the process of development. Here are eight common areas an appraiser may choose to specialize in: Real estate appraisal is the main career specialty people think of when they discuss appraising, however there are many other specialties within this career path. Read more: What Is an Insurance Appraiser? Common appraising specialties Negotiating price between a buyer and sellerĪcquisition of private property by a government agency Here is a list of circumstances that a qualified appraiser might be needed: This work is necessary in a variety of situations. Appraisers use specific data points about the size of a property, physical land, the condition of any structures, income potential and the surrounding geographic area. They provide impartial and objective opinions about the monetary value of a property. These people often work with mortgage lenders or in appraisal firms. What is an appraiser?Īn appraiser is a professional who evaluates properties and market value. In this article, we describe exactly what an appraiser does, explain the six steps for becoming certified and answer frequently asked questions about this career path. If you're interested in becoming an appraiser, it’s important to understand the process for getting a license or certification. They provide fair unbiased opinions about the true market value of various property types. Real estate appraisers play an important role in protecting the financial interests of consumers and the overall economy.
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