Learn how to become a real estate appraiser here! Lately, with the recent housing market crash, the demand for this professional service has increased dramatically.
Appraisals are needed to help buyers and sellers in their real estate transactions. And, if you want to break into this field and become a housing appraiser, here’s what you need to do:
1. Meet State Requirements to Become a Licensed Real Estate Appraiser
The first thing to know is that every state has its own set of rules for being a licensed appraiser. You need to know what these are if you want to be a successful appraiser.
Most boards require applicants to be at least 18 years old, have a high school diploma or GED, get 40 hours of education from an accredited college about appraisal theory and practice, and pass a written exam.
2. Earn an Appraisal-Related Degree
In some states, it is not mandatory to have a college degree to become a real estate appraiser. However, having one can give you a big advantage over those who don’t have a degree.
If you do choose to pursue a bachelor’s or master’s degree program related to this occupation, there are many options available for that as well.
3. Pass the National USPAP Exam
After you do the first two steps, you will need to take an exam. It is called USPAP. This exam will tell you how to make a good decision about lending money for houses and development funding.
You will also learn all about how real estate values are determined, among other things. USPAP is different in each state, but most boards follow guidelines set forth by www.appraisalassociation.org.
4. Learn How to Work With People Well
Now if you don’t like working with others, this job probably won’t be good for you. Good social skills are important when it comes to dealing with all types of clients.
Whether it is an individual homeowner or a large corporation renting out commercial space, your job in real estate appraisal is to make them feel confident in your findings.
5. Consider Becoming a Certified Residential Appraiser
If you want to make more money in this industry, it would be a good idea for you to become certified.
Without a doubt, if you get an appraiser license, your job will be safer, and better opportunities will come your way. The good news is, anyone can take the test and become a certified appraiser!
Is This the New Career Path for You?
If you’re looking to enter the real estate industry, one of the best ways to do so is by becoming a real estate appraiser. In this blog post, we’ve outlined how you can become an appraiser and provided some tips on what it takes to succeed.
So, are you ready to take the leap? That’s the only question that still needs to be answered.