A real estate appraiser is someone who is often used to estimate the value of real property prior to a sale, mortgage, insured, taxed, and even developed. The expertise of a real estate appraiser allow them to evaluate the real estate market conditions and arrive at sound estimates of property value.
To qualify as a real estate appraiser, one must have met the state requirements. Prior to 1989, there were few regulations in the appraisal industry. Congress passed the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA). This established a level of federal regulation in the appraisal industry. Any appraisals for properties that involve federally related transactions must be performed by state-licensed appraisers. As far as education and experience, the amount of each varies amongst each state.
How to Become a Real Estate Appraiser
The job outlook for real estate appraisers is predicted to grow at a slower pace than the average growth for all occupations. The link below elaborates by providing some estimated statistics.
Real Estate Appraiser Outlook
Compensation for a independent-fee real estate appraiser consist of fees in proportion to each appraisal. According to United States Department of Labor, the median annual wage was $48,500 in 2010.
There are virtually unlimited amounts of appraisal firms around the nation. Some examples of firms include T.H. Reenstierna LLC and Scott Appraisal Company. The former is a nationally represented appraisal firm as to where the ladder is focused on the central california area. Below is a link to the T.H. Reenstierna LLC website.
T.H. Reenstierna LLC
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