How much does a Real Estate Appraiser make?
Currently there is a shortage of qualified, certified Appraisers in the profession. According to Salary.com, a licensed residential Appraiser’s earning potential can exceed $68,000 per year with a median income of $49,000 a year. A commercial appraiser can make even more. The first step to an amazing career in Real Estate Appraising begins as an Appraiser Trainee.  You will work under a licensed, certified Appraiser for over 2,000 hours in a mentorship as a vital part in the process of real estate valuation methodologies. Real Estate Appraiser Trainees are the new driving force behind today’s competitive real estate appraisal market.

As an Apprentice Trainee, you will even earn a fee split as you learn the Appraisal profession from a certified Appraiser. Training will take place in both the field and the office.  Your training period with a licensed appraiser is paramount to learning the guidelines of becoming an appraiser and getting licensed.  While the work can be grueling it is a rewarding experience that you can pass on someday.

Every year people are signing up for courses all over the United States yet mentoring is getting harder to find. At SouthPointe, our office is looking for a select amount of high energy recruits interested in becoming a valuation specialist as a real estate appraiser. Appraiser Trainees are a vital part in the vast machine that is a core Real Estate principal.  As a trainee you will gain valuable experience in Commercial, Land, and Residential properties.  Having excellent interpersonal skills and a willingness to travel will help you get ahead in the Appraisal field.  At the end of your training, may test for one of several career paths.  They are;

Appraiser Trainee to Certified General Appraiser

Additional Education Requirements:

A Bachelor’s Degree from an accredited college AND

225 Hours required to upgrade in addition to the 75 hours required for an Appraiser Trainee

  • General Appraiser Analysis and Highest and Best Use (30 hours)
  • General Appraiser Sales Comparison Approach (30 hours)
  • General Appraiser Site Evaluation and Cost Approach (30 hours)
  • General Appraiser Income Approach (Part 1 and 2) (60 hours)
  • General Appraiser Report Writing and Case Studies (30 hours)
  • Statistics, Modeling and Finance (15 hours)
  • Appraisal Subject Matter Electives (30 hours)
  • You must submit proof that you have completed the 15-Hour National USPAP course after February 1, 2002

Experience Requirements:

Provide 3,000 hours of acceptable and verifiable appraisal experience acquired over a minimum of 30 months (2 ½ Years) of which a minimum of 1,500 hour must be non-residential real property appraisal experience.  Experience may be acquired at any time during the appraiser’s career when that person had a legal authority to perform real estate appraisals.  Appraisals must comply with USPAP.

 

Appraiser Trainee to Certified Residential Appraiser

Additional Education Requirements:

A Bachelor’s Degree or higher from an accredited college or university AND

125 hours required to upgrade in addition to the 75 hours required for an Appraiser Trainee

  • Residential Market Analysis and Highest and Best Use (15 hours)
  • Residential Appraiser Site Valuation and Cost Approach (15 hours)
  • Residential Sales Comparison and Income Approaches (30 hours)
  • Residential Report Writing and Case Studies (15 hours)
  • Statistics, Modeling and Finance (15 hours)
  • Advanced Residential Applications and Case Studies (15 Hours)
  • Appraisal Subject Matter Electives (20 hours)
  • You must also submit proof that you have completed the 15-Hour National USPAP course after February 1, 2002

Experience Requirements:

Provide 2,500 hours of acceptable and verifiable appraisal experience acquired over a minimum of 24 months (2 years).  Experience may be acquired anytime during the appraiser’s career when that person had a legal authority to perform real estate appraisals.  Appraisals must comply with USPAP.

 

Appraiser Trainee to Licensed Appraiser

Additional Education Requirements:

An Associate’s Degree or higher OR Thirty (30) semester credit hours from and accredited college or university AND

75 hours required to upgrade in addition to the 75 hours required for an Appraiser Trainee

  • Residential Market Analysis and Highest and Best Use (15 hours)
  • Residential Appraiser Site Valuation and Cost Approach (15 Hours)
  • Residential Sales Comparison and Income Approaches (30 hours)
  • Residential Report Writing and Case Studies (15 Hours)
  • You must also submit proof that you have completed the 15-Hour National USPAP course after February 1, 2002

Experience Requirements:

Provide 2,000 hours of acceptable and verifiable appraisal experience acquired over a minimum of 12 months (1 year).  Experience may be acquired anytime during the appraiser’s career when that person had a legal authority to perform real estate appraisals.  Appraisals must comply with USPAP.

 

To apply for real estate appraiser trainee jobs email us at southpointe.appr@gmail.com

 

Jerry McKenzie

Jerry McKenzie

General Certified Appraiser

Jerry has been a General Certified Appraiser in the Dallas Fort Worth area for over 20 years. He has recently published Investors Guide to Understanding Your Commercial Real Estate Appraisal and teaches at CCRET on how to invest in commercial real estate.