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I'm considering changing careers to become a RE Apprasier. School starts soon and I need to decide. I have a general idea of what apprasiers do, but would like to hear from the pros who are doing it everyday.

Will someone to give me an idea of what I can expect as a residential appraisier. (trainee)

1. What is an average day like?

2. Is it 40hrs per week? 9-5 routine?

3. How much is office work vs. in the field?

4. Is this a "salesman" job or does the work come to you?

5. Salary or commission?

6. Is there a need for apprasiers?

7. What is the percentage rate for hiriing trainees?

I would appreciate any feedback that would help me in my decision.

Thank-You

nemmar · Site Admin

Hello,
I will give you some simplified answers about Residential Appraisers.

1. What is an average day like? Depending upon how busy your office is with appraisal work, you normally do your field work to view the subject property, then you find and view the sales comparables to use for the report, then you check the records at town hall, then you complete the written appraisal report at your office using online data sources to assist you with all the info you've obtained.

2. Is it 40hrs per week? 9-5 routine? Depending on how busy the office work is you can limit an appraisal career to 40 hours per week 9-5. It's up to you and your employer if you work for someone's appraisal business.

3. How much is office work vs. in the field? The majority of the time is spent in the field taking photos, gathering data, etc.

4. Is this a "salesman" job or does the work come to you? If you open your own appraisal business you will have to do marketing and sales to get appraisal accounts and business. If you work for someone else while you are learning the business (which is required before you can get licensed/certified) then they already have accounts and appraisal work to train you.

5. Salary or commission? You are paid a flat fee for each appraisal you do and the fee depends on your employer's terms.

6. Is there a need for apprasiers? Yes! Look at the massive growth of the real estate market. Every home/condo/property that has a mortgage or refinance loan has to get an appraisal report done for the lender. Even when the real estate market is in decline due to bad economies, etc. there are still refinance loans, foreclosures, deaths and estates, that all need appraisal reports.

7. What is the percentage rate for hiriing trainees? It depends upon your area and how busy the appraisal companies are.

You can get a ton of great information from my Real Estate Appraisal From A to Z book on my site at http://www.nemmar.com/real-estate-appraisal.shtml