- Feb 11, 2009
- Professional Status
- Appraiser Trainee
If you had just one piece of advice for a Trainee, to make them the best appraiser they can be, what would it be?
1) Eyes and ears open, mouth shut
2) Remember that you don't know what it is that you don't know.
3) Trust but verify
Learn and study markets, micro-economic theory, macro-economic theory. Observe markets everyday, understand price and rate behavior. Become a student of the influences on gasoline prices, mortgage rates, stock prices, bitcoins, etc. Learn your craft about valuation.
Couldn't have said it better myself. This is summarized by the earliest professional motivation poster in my career "the most common mistake a lot of people make is to believe they are working for someone else". i got it from a bank calendar back when they still gave away toasters for deposits. i still have it on display.- The primary personal attribute of a successful appraiser is self-motivation and perserverence. That counts for more than any other personal attribute, including intelligence or education. You have to be self-motivated to get your assignments done and you have to be self-motivated to learn what you need to know to work your way through the appraisal problems you run into.