Wednesday, October 31, 2012

FINC 371 Overview of a real estate appraiser

Being a real estate appraiser sounds like an enjoyable job where you get to use your analytical and social skills. The first step in becoming an appraiser is getting a trainee license. The next few stages you don't make much money, but it is wise to find a job where you will have someone to show you the ropes and help you network. Last, you must get a real estate license, and you will be ready to appraise on your own after you become a certified appraiser. Right now there is high competition for real estate appraisers, the demand is not quite as high as the supply.

This article explains the pay, and the day to day activities of a real estate appraiser. On average, they make around 50K a year. The main day to day activity of an appraiser is appraising. Which means they go out to properties and provide estimates for clients. These can be used for a variety of reasons

One example of a major real estate appraisal firm is The Scott Appraisal Company. This specific company works in central California. They appraise any real estate from industrial to residential. An interesting fact that I saw on the website was their court experience. This leads me to believe that sometimes their appraisals are so serious they are used in a court of law.

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