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How do much appraisers earn? A Realtor wants to know.

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rcwessel

Freshman Member
Joined
Apr 13, 2002
I just received the following email:

I am currently a licensed real estate salesperson. I was thinking about getting into doing appraisals, either as a career change or for additional income. I want to get an idea of approximately how much appraisers in the western suburbs make on average. If you could send me an email just to give me an idea, I would greatly appreciate it. Thank you. Send email to [email protected]


Anyone care to answer this?
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
They just need to read the newbie section to see what it really takes to get started. It ain't a quick, easy, earn cash fast job.
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
Boy, we have got great press agents. Everybody believes we just sit back, rake in the money and play golf every afternoon. I don't know about you, but I have to work to make my money!
 

graindart

Junior Member
Joined
Jan 20, 2002
Professional Status
Certified Residential Appraiser
State
Montana
I don't mind the working for the money, the thing that irritates me is that after I've worked for my money, sometimes I have to go track people down to try to get paid.
 

George W Dodd

Senior Member
Joined
Jul 9, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
It's not only the money but the liability that hurts. Appraisers have to keep E&O insurance 5 years after they stop doing appraisal work!
 

Dee Dee

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
It's not only the money but the liability that hurts. Appraisers have to keep E&O insurance 5 years after they stop doing appraisal work!

Geeze, George....
I hadn't even thought about that! 8O

Dee Dee
 

Nancy in Friday Harbor

Junior Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Washington
They see us walk around for 30 minutes, make notes, take pictures, measure the house -- pretty easy way to make $zzz. It all goes along with the idea that the property observation IS the appraisal. I guess the answer to the question is, "A whole heck of a lot less than you think!!"
 
Joined
Jan 16, 2002
Possible Answers:

"A lot less than you think"

"Less than RE agents and their brokers"

"Are you kidding me ? "

"None of your business"

"Don't bother, it isn't worth it"

or, turn them on to a really cheap AMC with a 24 hour turnaroud.

or, why get a license you can do appraisals without one (that's at least true in NY).
 

Blue1

Elite Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
California
Answer:

Wow!! You must suck at being a Realtor! :lol: :lol:
 

Dee Dee

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
I vote for Blue's reply. :lol:
 
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