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Non-negative, Non-doom & gloom honest request for help building this business in 2024

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If I were starting out right now I'd consider joining the AI and get really active in the chapter meetings. Take notes when there's a speaker and just generally work towards establishing a reputation. You don't want to be a leach or come across as an opportunist but you do want to show that you're serious about your career progression. Someone there will likely take notice and it will increase your exposure to whatever opportunities there are out there.

The other thing is that when you do get an assignment you will come out ahead in the long run by providing excellent quality and service regardless if you're happy with the fee or not. It's the same thing: you're looking to build a reputation for solving the more difficult appraisal problems, including assignments that other appraisers are actively avoiding because they don't pay as well as the simple assignments. Those difficult assignments will not be profitable on the basis of the fee, but doing right by them will be valuable in cultivating your professional reputation.

Lastly, appraisers are notorious as a group for their anti-social and anti-authoritarian tendencies. Most of us want to work alone because we don't work well with others. And sure, it takes a thick skin and a healthy dose of ego to stand firm when you need to stand firm. But you don't need to take it out on the clerks who work for the AMC or some reviewer because for them its mostly just business. Not personal. It never pays to lose your frame when you're interacting with your clients.
I also understand that lawyers and accountants would rather use an SRA for the credibility and prestige of the designation, even if a non-SRA could do as good a job. Imo it is more valuable now than it was as short of getting a cert gen license, it is what can separate an appraiser from the herd. and the contacts/referrals from other AI members over time would be fruitful.
 
Getting a SRA is one path in getting more work.
However, youngings don't have the time and their current focus is to survive during this loan downturn.
Each local is unique with its market and clientele. Youngings need to find their own opportunities.
 
Getting a SRA is one path in getting more work.
However, youngings don't have the time and their current focus is to survive during this loan downturn.
Each local is unique with its market and clientele. Youngings need to find their own opportunities.
"Adapt" and finding their own opportunities are both vague - I understand getting an SRA takes time, but it is one of the few realistic ways to increase chances of success with a residential-only license. There is also the possibility that joining the AI and mingling might provide immediate client leads or referrals as well.
 
My mentor would probably say otherwise but he was an active member of AI and I don't think that it helped his business much. I think what helped most are things such as membership in his synagogue, membership in the local chamber of commerce, and just being acquainted with people that use appraisal services.
 
My suggestion was aimed at a noob looking to network and expand their competencies, including transitioning into CG work. I wouldn't make the same suggestion to an appraiser who is already established.
 
My mentor would probably say otherwise but he was an active member of AI and I don't think that it helped his business much. I think what helped most are things such as membership in his synagogue, membership in the local chamber of commerce, and just being acquainted with people that use appraisal services.
I like how you think. Think outside the box.
Few weeks ago, I got this postcard asking if homeowners wanted their numbers painted on the street curb. Donations between $25 to $50 would be appreciated.
Unfortunately, postcards littered the streets and contacting the person was difficult. Entrepreneurial spirit but need to follow through responsibly.
 
My suggestion was aimed at a noob looking to network and expand their competencies, including transitioning into CG work. I wouldn't make the same suggestion to an appraiser who is already established.

Best path for a noob is to work with a mentor that has a good business and not leave as soon as you get licensed. OP sounds like he might have already missed and is past that opportunity.
 
Good mentors are like unicorns. Anybody that started their career with a good mentor is super lucky.
 
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