How To Become a Certified Home Appraiser
Home appraisers are trained to determine the market value of property. These professionals are experts at evaluating a property's details, location and unique characteristics to determine an accurate and fair value. Appraisers may be employed by an appraisal firm or self-employed. Most new appraisers start out working for a firm while earning certification. Job growth for appraisals is expected to increase faster than average, reports the Bureau of Labor Statistics.
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Instructions
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Complete a bachelor's degree. Some states require home appraisers to have a bachelor's degree or higher. Majors in real estate, business and math provide prospective appraisers with the foundation needed to succeed in this career.
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Complete an apprenticeship. To earn certification in your state, ask the state department of licensing about an apprenticeship requirement (most states require this). Contact local appraisers to find apprenticeship opportunities in your area. Apprentices are paid a small salary while gaining hands-on experience. This may lead to full-time employment after earning certification.
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Apply for certification with the state. Each state has different certification requirements. For example, a state may require more than 2,000 hours of apprenticeship experience before granting certification. An exam may also be required. Request application materials to determine local requirements.
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Renew the license to maintain certification. Depending on the state, renewal is typically required every other year. Continuing education, which can be found through the American Society of Appraisers or local community colleges, is usually required.
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Tips & Warnings
States have different levels of certification. As you gain more hands-on experience, you will have access to higher levels of certification. The higher the certification, the higher the fees you can demand from clients. Potential clients will appreciate the advanced certification. Check with the state department of licensing to determine requirements for each level of certification.
Home appraisers are very dependent on the real estate market. This means that when the market is in a downturn, appraisers usually struggle to generate business. This may be difficult for new appraisers that are building a career.
