Mark Woods
Freshman Member
- Joined
- May 7, 2002
Career advice sought for AG/CPA new to market
I recently obtained my CA Certified General Appraiser's license. My situation is unique in that most of my real estate experience occurred overseas in Asia, where I had been living for several years. This work consisted of income based valuations and feasibility studies of medium to large sized commercial and mixed use developments, and hotels. I was working for a large CPA/consulting firm at the time (I'm also a CPA with several years experience in accounting). The CA OREA accepted this work experience, since it was mostly in compliance with USPAP.
Though I've been involved in other things for the past couple of years, I'm now considering getting back into appraising, focusing more on medium sized commercial projects. My goal would be to eventually work independently or as a subcontractor part time. In light of my overseas background, I'd have to spend some time familiarizing myself with local market and appraisal practices, possibly working as a "trainee" for a couple of projects at least. I'd appreciate any advice on the best way to proceed.
For example, would I better off working for an appraisal firm or another business, such as a real estate brokerage/S&L, developer or accounting/consulting firm? Large or small firm? As an employee or independent contractor?
Does anyone have any idea as to my earnings potential in appraising, given my background and that I am also a CPA? Would it be worthwhile to pursue an MAI designation? :?:
What is the general consensus on the long term outlook for appraisers?
Thanks in advance for your comments.
I recently obtained my CA Certified General Appraiser's license. My situation is unique in that most of my real estate experience occurred overseas in Asia, where I had been living for several years. This work consisted of income based valuations and feasibility studies of medium to large sized commercial and mixed use developments, and hotels. I was working for a large CPA/consulting firm at the time (I'm also a CPA with several years experience in accounting). The CA OREA accepted this work experience, since it was mostly in compliance with USPAP.
Though I've been involved in other things for the past couple of years, I'm now considering getting back into appraising, focusing more on medium sized commercial projects. My goal would be to eventually work independently or as a subcontractor part time. In light of my overseas background, I'd have to spend some time familiarizing myself with local market and appraisal practices, possibly working as a "trainee" for a couple of projects at least. I'd appreciate any advice on the best way to proceed.
For example, would I better off working for an appraisal firm or another business, such as a real estate brokerage/S&L, developer or accounting/consulting firm? Large or small firm? As an employee or independent contractor?
Does anyone have any idea as to my earnings potential in appraising, given my background and that I am also a CPA? Would it be worthwhile to pursue an MAI designation? :?:
What is the general consensus on the long term outlook for appraisers?
Thanks in advance for your comments.