Shortage of appraisers makes a great time to get into the business.
Manfred Real Estate Learning Center has been helping appraisers start and build their careers for over 30 years. Courses are available in the classroom and online
Every home, land, property has a value. An appraiser gives a written opinion of that value. Some of the day to day activities of an appraiser would be:
Your earning will depend on your appraisal License level. According to Salary.com, Certified Residential Appraisers’ median income is $57,225 and Certified General Appraisers’ median income is $95,774 in 2017.
Tuition depends on the type of license you get. The more training hours needed, the higher the cost. The total cost for assistant and residential is around $2000 for certified and general your looking around $3500 - $4500 with textbooks.
You can purchase the course individually to break up the payments.
You can start calling and interviewing with appraisers anytime. They will hire you as an assistant. After both you and your supervisor takes the supervisory/Training 4 hour course you can start documenting your hours.
There are four levels of appraisal Licenses. Here is an overveiw of each type
Type and value of property depends on credentials of supervisor.
College Education: None
Training Hours: 150
Experience Hours: None
Available Online & Classroom. Approximate cost: $2000
Non complex 1-4 families residential units valued under $1,000,000 or complex 1-4 family nits valued under $250,000
College Education: None
Training Hours- 150
Experience Hours- 2,000
Available online and classroom for approximately $2000
1-4 residential units at any value or complexity. Cannot appraise subdivisions where a development analysis is necessary.
College Education: Associates
Training Hours: 200
Experience Hours: 2,500
Available in classroom and online.
All types of properties at any value.
College Education: Bachelors
Training Hours: 300
Experience Hours: 3000
State exam: yes
Some courses are available online however, some of the courses must be done in the classroom.
The higher the license level, the more advantage you’ll have in the local market, and the greater control you’ll have over your fees.
Each course does require a Proctored exam. If you take it in the classroom the exam is given on the last day. If you take the course online you will need to choose one of our testing centers to take the exam. Our Testing Center can get you in to take an exam within 2-3 business days. You can take multiple exams in one day.