How principles of real estate practice pdf Become a Real Estate Appraiser. Real estate appraisal is a fun and interesting occupation. The process by which you become a real estate appraiser varies significantly depending on where in the world you become one.
Generally, though, you’ll need to apprentice yourself under a more experienced real estate appraiser. You’ll also need to take some courses in real estate appraisal to complete your training, which you’ll typically begin after gaining your apprenticeship. Then all you have to do is fill out the necessary paperwork with your local licensing authority and you’ll be set to independently appraise real estate. Get approximately 75 hours of basic appraisal education. Before completing your real estate appraiser apprenticeship, you’ll typically need to complete around 75 hours of basic appraisal education. This coursework will focus on appraisal principles and procedures, and offer you an introduction to universal standards of professional appraisal practice. Contact the licensing department in your state or jurisdiction that issues professional appraisal licenses to find out about educational requirements for real estate appraisers in your area.
They may have this information posted on their website, along with a list of approved schools in your area. The exact number of basic appraisal educational hours will vary depending on your local laws and regulations. Obtain a diploma relating to real estate to complete your education. In some jurisdictions, a 75-hour education will only be enough to get you into an apprenticeship with a real estate appraiser. To become licensed, however, you’ll likely need to obtain a four-year degree. There are many degrees that might fulfill the diploma requirement, including a Bachelor’s of Business, a Bachelor’s of Land and Property Management, or a Bachelor’s of Property. These courses will provide instruction regarding report writing, income approaches, sales comparison, statistics, modeling, finance, and case studies.
Contact your local labor department or real estate licensing authority for information about which degrees and institutions are acceptable for people interested in becoming real estate appraisers. Focus on your area of specialty. Some educational programs offer additional training in how to evaluate property in rural or urban areas. If you intend to work primarily in a rural or urban setting, enroll in a program that offers appropriate specialty courses to strengthen your skill set and resume.
Find out about licensing requirements in your area. Licensing regulations sometimes change, so it’s best to contact your local licensing authority for the most up-to-date information. Call or check the website of your local licensing, regulations, or labor board to find out what sort of education and experience you need. Some of the most common requirements include citizenship in the nation where you wish to practice as a real estate appraiser and a clean criminal background. You’ll also likely need to be at least 18. Become a trainee appraiser by contacting real estate appraisers. Ask the real estate appraisers if they will accept you as their apprentice.