Can An Appraiser Apprentice Start An Appraisal Business?

[Eli]

The worm I like is named Sherman. His middle name is Antitrust and his last name is Act.

 

[Eli]

Call Louisiana, Virginia or North Carolina. For sure call the Federal Trade Commission too.

The Securities and Exchange Commission would be a good call too.

 

[Constant1]

If a person who is not an appraiser can own an appraisal business, then this should work. Just because someone might be offended is not enough, the extra income might be attractive enough.

 

[bnmappraisal]

If a person who is not an appraiser can own an appraisal business

ok, but that is not what you state in your OP

I am an appraiser apprentice

 

[bnmappraisal]

Again I'd ask, why would I, a CR, WANT to work for a company owned by my trainee/apprentice?

My answer - I wouldn't

Reason - too many conflicts (even if the state would allow it)

 

[Constant1]

There aren't many Supervisory Appraisers so if this is the majority opinion, It might be difficult to find one.
To answer BMN, I was an assessor until recently, and forced to be an appraiser apprentice at this point.

 

[hastalavista]

Unless prohibited by state regulation, I don't see why not.

However, you should know that for Fannie/Freddie work (the most common in the residential world), they will not accept work of a licensed trainee if the supervisor co-signing the report is an employee of the trainee.
I wouldn't want to test that by setting up a nominal company were both supervisor and trainee are employees but the trainee owns the company.

 

[Eli]

Worms but good worms. New worms are working.

Good worms eat bad worms.

 

[Constant1]

Fannie/Freddie work (the most common in the residential world), they will not accept work of a licensed trainee if the supervisor co-signing the report is an employee of the trainee.

This is helpful.

 

[Terrel L. Shields]

Good worms eat bad worms.

Actully bad (invasive species) displace native worms

...there are native species of earthworms in North America, but we don't see them. Rather, what we see are these European and Asian species. Even if you go south of the glacial boundary into areas where there are native North American species, for the most part those have been replaced by bigger, more aggressive European and Asian species. So the common nightcrawler, Lumbricus terrestris, which we probably all grew up with, that is a European species never found as a native species in North America.
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