Is an Appraisal Career Right for You? - McKissock Learning

Is an Appraisal Career Right for You?

Introduction

Explore an appraisal career

This guide is full of practical insights and tips to get you started in an appraisal career. McKissock Learning has helped 100,000+ appraisers master their careers?from licensing and continuing education to license upgrade and professional development. We look forward to sharing our expertise with you.

Here's what you'll find inside:

? What to expect along your career path ? What opportunities you can find with an appraisal career ? How to launch your career

Did you know?

McKissock Learning has helped more than 100,000 appraisers launch their appraisal careers.

Chapter 1 Why do People Choose An Appraisal Career?

3

Chapter 2 Is now a good time to become an appraiser?

5

Chapter 3 Appraiser salary and income

7

Chapter 4 How to become an appraiser

9

Chapter 5 Appraisal education: What to expect

13

Appraisal Licensing Unlimited Learning Subscription

14

Resources and Helpful Info

15

2

Chapter 1: Why do people choose an appraisal career?

There are an estimated 96,000 licensed appraisers in the U.S., and they come from many different backgrounds. People go into the appraisal profession because they are following in their family's footsteps or they are intent on building a career in a field they love, as well as one that pays well. Appraisers share the following as the top reasons they enjoy their profession:

? Potential to earn a high income ? Opportunity to work flexible hours ? Low startup costs compared to other small businesses ? Opportunity to take on complex and challenging assignments ? Diverse career paths and specializations

Source: National Association of REALTORS?

"As a kid, I drew floor plans for some of the properties my dad was appraising. I like the freedom to take on your own assignments, and earn as much as you can by taking on as

much work as you can."

-John R., commercial and residential appraiser in Washington, D.C.

Chapter 1: Why do people choose an appraisal career?

3

A day in the life of an appraiser

Every piece of real property, from a two-bedroom condo to a 500-acre alfalfa farm, has a value. It's an appraiser's job to offer a written opinion of that value, which lenders, insurers, property owners and buyers, and divorce and estate attorneys use to do their jobs. The nuts and bolts of appraising a property can include: ? Verifying property legal descriptions and market value in county

and city records ? Diagramming or photographing a property and its structures ? Inspecting the property to determine its condition and

improvements ? Analyzing comparables, or similar nearby properties, to develop

value conclusions ? Preparing written reports of the property value Appraising is a challenging and fulfilling career. "Just like an art historian sees more in a Monet than just a bunch of water-lilies, an appraiser views property through an educated and experienced lens," says Phil Crawford, a third-generation appraiser and host of the Voice of Appraisal podcast.

Chapter 1: Why do people choose an appraisal career?

"You're seeing the world of real estate in a way most people

don't. It can be a very lucrative and purpose-driven career." -Phil C., Ohio Appraiser and host of Voice of Appraisal

4

Chapter 2: Is now a good time to become an appraiser?

Job outlook for real estate appraisers

The Bureau of Labor Statistics projects that job growth for appraisers between 2016-2026 will be 14%, faster than average for all occupations.

Since the real estate market impacts the work of property appraisers, demand for appraisers can fluctuate from year to year. However, in general, the need for property appraisers is increasing due to long-term economic expansion and population growth.

Appraisers and Assessors of Real Estate

Percent change in employment, projected 2016-26

14%

10% 7%

Appraisers and assessors of real estate

Financial specialists

Total, all occupations

Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program

5

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download