Topic #5 Overview of a real estate appraiser 11/4/2012

A real estate appraiser's job is to estimate the value of real property. Appraisers are needed because land and property does not have a defined value because all real estate is different. Here is a link describing what a real estate appraiser does, salary, and environment in which they work in.

http://www.bls.gov/ooh/business-and-financial/appraisers-and-assessors-of-real-estate.htm

An interesting fact this article states is that real estate appraisers employment is expected to grow 7% from 2010 to 2020. This is positive information that shows there is a demand for anyone looking to become a real estate appraiser.

So what all is required to become a real estate appraiser? This link summarizes the necessary requirements to become a real estate appraiser.

http://voices.yahoo.com/how-become-real-estate-appraiser-part-time-work-9160.html

There are 3 classes that a real estate appraiser can be.

1. License Appraisal Trainee - lowest class of an appraiser, in which 90 hours a classwork is required usually resulting in an associates degree.

2. Certified Residential Certificate - After receiving a license and completing 2000 hours and 30 hours of additional classwork one can get this certificate. This certificate allows appraisers a greater variety of real estate to appraise especially more expensive real estate.

3. Certified General Appraisers - Need an additional 60 hours. Appraisers who hold this certificate can appraise any property without limit to value.