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How To Get Started

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Packer for life

Freshman Member
Joined
Apr 5, 2017
Professional Status
Appraiser Trainee
State
Oklahoma
I am a trainee for a large commercial real estate company. I am wondering if anyone has good advice on how to start your own commercial appraisal business after getting licensed? How many years of experience would I need in the industry? How do you become an appraiser that banks would trust to complete quality appraisals? Is it easy to get started with banks, but also easy for them to kick you out once they disagree with you value? Or is it difficult to start getting any business at all because I would be new without a serious reputation? I am basically wondering how one gets a reputation as a quality appraiser (to where banks will send their business) if he or she is just working for a large appraisal company.

Thanks in advance for any advice given.
 

graindart

Junior Member
Joined
Jan 20, 2002
Professional Status
Certified Residential Appraiser
State
Montana
If you're just starting out as a trainee, it might take 3 years to get license and out on your own. Then a lot of clients won't touch you until you've been licensed for at least 3 years. So if you're just starting, you've probably got 6 lean years ahead of you.
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Get clients on your own for your boss. Concentrate on tax attorneys, CPA's, places he doesn't cover. When on your own, they may follow you.
 
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