Can An Appraiser Apprentice Start An Appraisal Business?

[glenn walker]

Better yet start an AMC you don't have to be licensed just pay the State their AMC registration fee ...Go big :

 

[Eli]

I get the feeling the OP may be dead. I hope not but. Idk,

I would like to continue this dialog.

 

[Michigan CG]

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.

What possible incentive can you give a person who is already licensed to work for you, not licensed, AND has to train the "boss"?

Most appraisers already own their own business and most don't see the need to train anyone until the AMC model is fixed. Most appraisers don't see a need to train their future competition yet alone answer to them as an employee.

If you were to open your own company and for example hire me, would I have to drive to the new office you are going to open? Would you be supplying the office space and all of the expenses that go along with that? Are you going to pay my E and O? Continuing Ed? Software subscriptions? Health benefits? Are you going to supply clients?

With all of the above how do you think you are going to pay your personal bills?

Most appraisers who do residential work do so from their own home. How much extra are you going to pay your appraiser to get in a car every morning and drive to an office? I can work in my t-shirt and ball-cap. When it is lunch time I go to the fridge and eat some leftovers. I don't have an expense of driving to work, I don't have the expense of eating lunch at (name your restaurant).

Most appraisers can write off many expenses including car expenses, depreciation, phone, internet, home office, office supplies, etc. As an employee an appraiser would lose all of that.

You might want to rethink your business model as I don't think anyone would be foolish enough to do what you propose.

 

[bnmappraisal]

What possible incentive can you give a person who is already licensed to work for you, not licensed, AND has to train the "boss"?

Again, goes back to my question ...

If you were to open your own company and for example hire me, would I have to drive to the new office you are going to open? Would you be supplying the office space and all of the expenses that go along with that? Are you going to pay my E and O? Continuing Ed? Software subscriptions? Health benefits? Are you going to supply clients?
With all of the above how do you think you are going to pay your personal bills?

MCG asked some great questions here. So how will you handle those OP as an "owner" of an appraisal company while being a trainee...

You might want to rethink your business model as I don't think anyone would be foolish enough to do what you propose.

(my bold) Whether legal or not, although running an appraisal firm/business, etc IS a business, it's not like many others. There are rules/regs (i.e.e having trainees, etc) that one must follow. My wife runs a company with numerous employees and independent contractors; yet she still tells me how difficult it is to "market" my business.

 

[Eli]

What possible incentive can you give a person who is already licensed to work for you, not licensed, AND has to train the "boss"?

Most appraisers already own their own business and most don't see the need to train anyone until the AMC model is fixed. Most appraisers don't see a need to train their future competition yet alone answer to them as an employee.

If you were to open your own company and for example hire me, would I have to drive to the new office you are going to open? Would you be supplying the office space and all of the expenses that go along with that? Are you going to pay my E and O? Continuing Ed? Software subscriptions? Health benefits? Are you going to supply clients?

With all of the above how do you think you are going to pay your personal bills?

Most appraisers who do residential work do so from their own home. How much extra are you going to pay your appraiser to get in a car every morning and drive to an office? I can work in my t-shirt and ball-cap. When it is lunch time I go to the fridge and eat some leftovers. I don't have an expense of driving to work, I don't have the expense of eating lunch at (name your restaurant).

Most appraisers can write off many expenses including car expenses, depreciation, phone, internet, home office, office supplies, etc. As an employee an appraiser would lose all of that.

You might want to rethink your business model as I don't think anyone would be foolish enough to do what you propose.

The OP is gone like a freight train.

 

[jay trotta]

You must have scared him away with that out of body experiment you offered SAA

 

[Eli]

You must have scared him away with that out of body experiment you offered SAA

I don't know what came over me. It happens every time I take my tin foil hat off. Reynolds wrap is short this time of year.

 

[Elliott]

"Owning" a business is different than "operating" a business. Its your capital. Sort of like a tail wagging a dog, tho.

 

[Tom4value]

Hello folks, I am an appraiser apprentice and seeking to start a real estate appraiser business now with the help of my state.

Is this possible to do, if I hire a Supervisory Certified Real Estate Appraiser (contract hire) to supervise me, until I complete the apprenticeship?

Sounds like you have been doing this appraisal thing for a good 6 weeks now and want to jump right into expert. I know I am sounding like an old doggie but you really need to concentrate on learning to be an appraiser first. I know I wouldn't hire an appraisal practice if they were highlighting PRACTICE.

 

[Non Sequitur]

Before anyone gets to riled up the idea in the OP isn't an unheard of scenario. To the OP: If you're business plan is to pay for training skip residential and go straight to general. Good luck.