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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 JTHarwood@msn.com


Anyone care to answer this?
 
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.
 
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!
 
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.
 
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!
 
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
 
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!!"
 
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).
 
Answer:

Wow!! You must suck at being a Realtor! :lol: :lol:
 
I vote for Blue's reply. :lol:
 
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