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Master's of Real Estate: Zero Experience

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nrg211

Thread Starter
Freshman Member
Joined
Oct 18, 2008
Professional Status
General Public
State
Florida
I am graduating in May with a bachelors of finance from the University of Florida. I will be 27 and my work experience is not related to real estate. I want to get into the appraisal industry but due to student loans it is impossible for me to start as an unpaid trainee. I think I could get into Johns Hopkins accelerated real estate program but the accelerated program does not allow you to choose the appraisal track. So I do not get to take the valuation course and the course focused on writing your demo. But I think it would still raise my initial salary (I'm not a lavish man just have bills to pay and kids to feed) and give me credibility in the industry.

Any help with my dilemma would be greatly appreciated.
 

Robert E Keller

Sophomore Member
Joined
Dec 21, 2007
Professional Status
Certified Residential Appraiser
State
Florida
If you are located near clearwater/largo I will work with you at our school for your Trainee Program. Call my school at 727-584-0084 or email me with your phone number. The Trainee program is 100 hours in 5 modules.

Robert E Keller
Robert E Keller Inc.
REK School of Real Estate
FL Lic. ZH1002222
1915 East Bay Dr
Largo, FL 33771

727-584-0084
 

Howard Klahr

Senior Member
Joined
Oct 4, 2004
Professional Status
Certified General Appraiser
State
Florida
I would suggest you speak with Wayne R. Archer, Executive Director, University of Florida Center for Real Estate Studies and other members of the UF Friends and Alumni of Real Estate.
 

JT1974

Senior Member
Joined
Dec 16, 2006
Professional Status
Certified General Appraiser
State
Wisconsin
I suggest you contact some of the larger commercial appraisal firms in your area and try to get a job as a commercial staff appraiser PRIOR to enrolling in grad school. That way, you will be able to see first hand if this career is really all that you envision it to be.

Check the Appraisal Institute career section here:

http://appraisalinstitute.org/profession/jobsearch/positions_available.aspx

Good luck
 

Financially Feasible

Senior Member
Joined
Jun 25, 2007
Professional Status
Certified General Appraiser
State
Pennsylvania
I suggest you contact some of the larger commercial appraisal firms in your area and try to get a job as a commercial staff appraiser PRIOR to enrolling in grad school. That way, you will be able to see first hand if this career is really all that you envision it to be.

Check the Appraisal Institute career section here:

http://appraisalinstitute.org/profession/jobsearch/positions_available.aspx

Good luck

Plus, if it's a big enough firm, they might provide tuition reimbursement!
 

nrg211

Thread Starter
Freshman Member
Joined
Oct 18, 2008
Professional Status
General Public
State
Florida
Thanks.

I'll check into my UF resources, apply for some jobs and see what shakes before I decide on grad school.
 

Thern Newbell

Junior Member
Joined
Apr 25, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
... due to student loans it is impossible for me to start as an unpaid trainee...
Any help with my dilemma would be greatly appreciated.

I believe that you may be able to defer your student loans for a period of up to three years, which would reduce some of your obligations during that time.
 

Michigan CG

Moderator
Staff member
Moderator
Joined
Nov 1, 2006
Professional Status
Certified General Appraiser
State
Michigan
No offense meant to REK, but if you are looking to do commercial work take your classes from the Appraisal Institute.
 

Mike Phillips

Senior Member
Joined
Dec 16, 2004
Professional Status
Certified Residential Appraiser
State
Florida
I am graduating in May with a bachelors of finance from the University of Florida. I will be 27 and my work experience is not related to real estate. I want to get into the appraisal industry but due to student loans it is impossible for me to start as an unpaid trainee. I think I could get into Johns Hopkins accelerated real estate program but the accelerated program does not allow you to choose the appraisal track. So I do not get to take the valuation course and the course focused on writing your demo. But I think it would still raise my initial salary (I'm not a lavish man just have bills to pay and kids to feed) and give me credibility in the industry.

Any help with my dilemma would be greatly appreciated.

Unless you have the possibility of getting hired by a true "player" who is worthy of such a title toss that notion of working as an unpaid trainee out the freaking window for good. I mean, yeah, if you have a shot at working for Donald Trump or someone like him then go for it, unpaid. Otherwise, get real. Your degree in Finance ain't all that but you are a cut above the rest.

Remember Capital Budgeting? Time value of money? Six functions of a dollar? Discounted cash flow? If so, good. Because that is how the world really works. It was not just theory found in textbooks.

My advice to you is to spend a long time talking to many real estate practitioners before you venture into the world of appraising. Try to resist the urge to get into the business until you have found a mentor who cares about you.

Appraisals are viewed by many in the real world as nothing more than a necessary evil. An obstacle they must work around. If you think most users of appraisals are concerned about what the property is really worth, think again.
 
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