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Advice for finding a mentor
- Thread starter pmallas
- Start date
- Status
valspec
Freshman Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Wisconsin
pmallas,
Perhaps thinking outside the box may help you on a faster track to success in this business.
If there is one thing that will get you in any appraisal firm it is more business for them.
Bring a client or two to start. More doors will open and your stipends will be that much higher to boot.
That's what I did when I first started. I only had to knock on one appraiser's door.
Regards,
Glenn Sarlitto
ValSpec Appraisal Services
Milwaukee, WI
Perhaps thinking outside the box may help you on a faster track to success in this business.
If there is one thing that will get you in any appraisal firm it is more business for them.
Bring a client or two to start. More doors will open and your stipends will be that much higher to boot.
That's what I did when I first started. I only had to knock on one appraiser's door.
Regards,
Glenn Sarlitto
ValSpec Appraisal Services
Milwaukee, WI
WICRA16
Sophomore Member
- Joined
- Sep 19, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Wisconsin
Here are some hints for you in finding a mentor. I have actually seen some of these work.
1. Pay for mentorship: Many licensed appraiser find it too risky to take on a trainee as most trainees get licensed and take off with their clients. Our company has been debating about charging licensee's for the mentoring. This can be done through desk fees etc. similar to a real estate office. Fee splits can be arranged or a trainee can go "100% commission" with office fees.
2. Offer services to appraisers that they REALLY need at a price that allows you to earn while you learn. For example: offer to do all preliminary research of all appraisal orders for $20.00 (or whatever) per appraisal order. This includes census tract info, tax info, flood info, last sales, finding sales contracts, getting condo info, assessment info...all the stuff appraisers HATE doing that really wastes time. Research can be used as hours for your state requirements. Also, scheduling appointments can be a billable option.
3. Do not attempt to get a job as an "employee" with an established appraiser. Many appraisers are one person operations or have a minimal amount of support staff. Try to get appraisers to hire you as an independent contractor...create your own unique product to appraisers. Offer the service to many appraisers, not just one. There is no law or regulation that states your experience hours have to come from one appraiser. RESUMES DO NOT WORK! Get out there and shake hands and see what you can offer to make an appraiser's life easier.
1. Pay for mentorship: Many licensed appraiser find it too risky to take on a trainee as most trainees get licensed and take off with their clients. Our company has been debating about charging licensee's for the mentoring. This can be done through desk fees etc. similar to a real estate office. Fee splits can be arranged or a trainee can go "100% commission" with office fees.
2. Offer services to appraisers that they REALLY need at a price that allows you to earn while you learn. For example: offer to do all preliminary research of all appraisal orders for $20.00 (or whatever) per appraisal order. This includes census tract info, tax info, flood info, last sales, finding sales contracts, getting condo info, assessment info...all the stuff appraisers HATE doing that really wastes time. Research can be used as hours for your state requirements. Also, scheduling appointments can be a billable option.
3. Do not attempt to get a job as an "employee" with an established appraiser. Many appraisers are one person operations or have a minimal amount of support staff. Try to get appraisers to hire you as an independent contractor...create your own unique product to appraisers. Offer the service to many appraisers, not just one. There is no law or regulation that states your experience hours have to come from one appraiser. RESUMES DO NOT WORK! Get out there and shake hands and see what you can offer to make an appraiser's life easier.
- Status