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Commercial Traning Hours

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Travis McGee

Senior Member
Joined
Sep 18, 2004
I wasn't sure whether to post this under the Commercial board or not, but here goes:

I am a PA Certified Residential Appraiser currently working towards my General certification. As a rule of thumb, how many experience hours per report can I claim when I submit my log to the state. Most of the reports I am currently doing are Complete Appraisals, Summary reports (usually at least two value approaches) on commercial/industrial/manufacturing properties...
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
It can vary from state to state. Check with your states board or search their web site.
 

Travis McGee

Senior Member
Joined
Sep 18, 2004
I called the state board today and couldn't get a definative answer. I'm not looking to pad my hours but I don't want to shortchange myself either. Just looking for a little guidance from someone who has already gone through this proccess.
 

xmrdfghap

Senior Member
Joined
Jan 15, 2002
Professional Status
General Public
State
Florida
Jeff, log the hours it takes you to do the research and to write it. There is no hard and fast rules about how many hours it takes to do a commercial appraisal. If you do the 30 X 40 plumbers warehouse in 200 hours, obviously something is wrong......you spent way too much time on it. On the other hand, if you are doing the Mall of America and say you took 200 hours to complete it, again, obviously something is wrong.......you spent way too little time on it.

If it takes you 10 hours, log 10 hours (make sure it is hours working.......not including coffee breaks and forum excursions). If it takes you 100 hours then so be it.......log 100 hours. Just make sure your work file reflects your efforts.
 

Lauri Novak

Freshman Member
Joined
Jan 29, 2003
Professional Status
Appraiser Trainee
State
Florida
I am in PA too. I also tried to get an answer from the state (to no avail). I am doing similar work with at least 2 approaches. I agree with the last post, which said to just count actual hours spent.
 
W

walt kirk

Guest
I am across the river in N.J. and I asked a PA commission member who told me to list what I thought was reasonable. I don't know what is reasonable since I do very few commercial jobs.

I would like to know what other appraisers have submitted to their state boards for various types of reports, then I can decide what is reasonable and how many reports I must prepare before spending the time and money to apply for general certification.
 
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