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11 Responses to “Hot Career as Real Estate Appraiser Expected to Sizzle in Future”

• Port Orange Condo Says:
  March 2nd, 2008 at 8:42 am

  This does sound like a great job. I didn’t know that about having to have a BA to do it. It is a very important part of the lenders process and I can see why they want a quality workforce with education to do this.

• Aaron Says:
  December 8th, 2008 at 6:10 pm

  You make it sound so easy. Let me break it down further for the audience.

  1-Two years as a trainee under the DIRECT supervision of a Certified (not licensed) Appraiser.

  2-Of course as stated 150 hours of classroom experience.

  3-Depending on your desired license level, you may need a degree.

  4-Demand for appraisals is actually going down because of the housing slump and that means less Appraisers are willing to train people that will end up being their competition. So this makes is hard to get the experience hours needed on your signed experience log to turn into the state board.

  5-The Bureau of Labor Statistics is way behind the curve. Wait until the 2009 numbers come out and you will see that this is the absolute worst time to get into real estate Appraising. Actually, there are numerous companies going out of business because business it is so slow right now.

  -Aaron
  http://www.sandiego-appraiser.com

• Clarence Zweig Says:
  May 2nd, 2010 at 10:11 am

  hi it is my first post on this website and at first I would like to thank you for the great information, which I were able to find in this and all previous posts , it really helped me very much. I will definitely put this website on my google reader Also, I would like to ask - don’t you mind if I will quate some information from your blog because I am writing articles for the Bukisa, Ezine and other articles directories (this is my part time job)? It would really help me with some of mine articles. Of course, I will mention your website title or URL (not all articles directories allows URL’s , so I can’t 100% promise that you will get a direct link to your website).

• Retired Appraiser Says:
  August 24th, 2010 at 11:13 am

  Real Estate Appraisal careers are sizzling alright. It’s so hot that everyone is leaving the business. 2/3 of the appraisers in our state have dropped their license over the past year because it’s been transformed into a nonprofit business. With the advent of HVCC in 2009 appraisers were forced to surrender nearly all preexisting clients and hand over 50% of all future income to Appraisal Management Companies.

  It’s a wide open field for anyone who is crazy enough to either work for free or pay someone for the opportunity of having a job.

• Appraisal Service Center Says:
  September 14th, 2010 at 7:21 am

  The next 12 to 18 months will be a make or break test for most independent fee appraisers. Most larger lenders have contracted with AMC’s or large appraisal firms to review the majority of the preferred valuations of real estate these days which are BPO’s being done by real estate agents. Sadly many good appraisers will be leaving this field. The need for appraisers will be limited to larger more complex valuations. Leaving the majority of residential appraising to AVM’s and BPO’s which are not as accurate but are much cheaper. For the lender this is an exceptable amount of risk increase in their lending model.

• nick Says:
  September 30th, 2010 at 6:54 am

  I’ve been practicing appraisal for a couple years. The local counties that I perform business in have shown a much more stable market and decrease in REO transactions over the past 6 months. The number of appraisers has also dropped at about 1% every month over the past 2.5 years, in my location. What has realy pushed the increase in business recently is the decrease in intrest rates. All in all, i think the complexity and amount of work required in order to complet an appraisal has definitely increased and the number of appraisers has decreased. Eventually we will see a high demand for appraisers because, education requirments has increased, the average age of qualified appraisers is high, and people actually needs a head on their shoulders to complete an appraisal now. Time will tell.

• susan Says:
  March 21st, 2011 at 6:36 pm

  I have been appraising for over 20 years and this is a very inaccurate & misleading article. The appraiser profession is dying. It also takes MUCH more than that to get into the business….

• vida Says:
  March 26th, 2011 at 2:49 pm

  As most of us know, a great deal has happened since 2008, when this article was written. The U.S. economy fell into a 2-year recession; and economic recovery is still in motion today, with job growth slowly improving.

  Almost every industry suffered significant job loss during the recession, especially the housing industry. As the economy recovers, employers have their pick of highly qualified candidates for each job. Those applicants who offer newly-updated skills, additional certification and/or higher education degrees have an advantage. Demand for excellent appraisers will rise as home sales increase; but those who want to work in this field should prepare for steep competition. Others may decide to invest their education dollars in a profession that has shown greater stability over time, like health care.

• locoappraiser Says:
  April 14th, 2011 at 3:15 pm

  Even though HVCC has been repealed, the damage has been done. You bet the Appraisal ‘Profession’ is dying—because AMCs have taken over and have too much power to tell us not only how to do our job, but they also are stating that THEY will decide how much we can charge! Without a Certified designation, that used to only be necessary if you were working in a market with $1,000,000+ homes, you will be dropped from most AMC lists. As a Licensed Appraiser for 16 years with a VERY successful business, overnight I lost more than 50% of my clients because I am not Certified. And now I need a college degree to get Certified—Licensed Appraisers working for decades were NOT grandfathered into this new ‘requirement’! Makes no sense to me. I went from making over $150,000 a year to getting collection calls every single day because my AMCs pay me on 90 day schedules. My bills are due every month! They want more paperwork, fresh photos every single report, more licensing, etc. etc.—-effecively putting me out of business.

  Job loss—-it’s more like job DECIMATION!!! I used to love my job. Now I hate it with a passion—all because some power hungry bureaucrats made up some new rules that sounded good to them.

• JOAN HUHN Says:
  October 12th, 2011 at 11:36 am

  THIS IS A DISGRACE WHAT THEY HAVE DONE TO OUR BUSINESS. I HAVE NO IDEA WHY WE PUT UP WITH THIS. WE ARE TREATED LIKE WE ARE LOWER THAN TRASH. “WE HAVE TO HAVE THIS APPRAISAL REGARDLESS BY 9;20 am OR IT WILL BE REASSIGNED. DOESN’T MATTER IF ITS A SUNDAY OR CHRISTMAS OR IF
  WE HAVEN’T GOT THE PROPER INFORMATION. WE ARE TREATED LIKE SLAVES. I AM GETTING OUT OF IT AS SOON AS I CAN AND SO IS EVERYONE ELSE THAT I KNOW. MOST OF THESE MANAGEMENT COMPANIES KNOW NOTHING AT ALL AND THEY ARE TAKING 1/2 OUR MONEY WITHOUT BEING QUALIFIED OR GIVEN RESTRICTIONS
  AT LEAST THEY ARE HAVING DEMONSTRATIONS ALL OVER THE COUNTRY ABOUT HOW WE ARE BEING RIPPED OFF. HOPE BANKS ARE INCLUDED IN THIS. MORE JOBS DOWN THE TUBES. OURS!!!!!

• Retired Appraiser Says:
  December 29th, 2011 at 3:54 pm

  If you are an active appraiser (and I cannot imagine why anyone would be at this point) visit http://www.BankRape.com This is one of the only groups standing up for appraiser’s rights and fair fees.

  Personally I would not recommend the residential appraisal profession to my worst enemy until appraisers organize and win the fight for FAIR FEES & reduced work load.

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