The End of *most* Full Time Appraiser's ?

[RCA]

To make it you will need an MAI or SRA and completely dedicate your career. Some lending, some legal. There will be less work but more complex. You will need credentials, skill and marketing. My average residential fee right now is $650. I have 2 part timers who take my overflow and a full time assistant to process, market, correspond emails and phone calls. It’s all about commitment going forward. I think is easier to commit than multitask different real estate jobs part time. Pick a job and attack. If you pick appraising and you’re youngish .. get designated. if there is another pickup in business hire an assistant and find some part-timers

Yes, except that if you want to use advanced statistics, you will have specialized training and certification (that is in USPAP: Competence). I doubt the ASB or the AI will provide it. They have 0% competence in these areas, and they are not likely able to ever create a reasonably ethical program to educate appraisers in statistics, math, AI and other tech fields. Some other certification will have to be stacked on top of MAI, SRA or whatever. - And that should include several original appraisals that incorporate advanced statistical and analytial methods.

 

[djd09]

edit

 

[Terrel L. Shields]

get designated.

i would argue it is better to get specialized than designated. The society designations are mostly piffle and mirror education you should already have. But the CR is the new Licensed. It limits you in so many ways. That's why everyone should strive to get their CG and get ready to do court work. AND specialize. You need to pick a few top specialties and go with, concentrating sales efforts (as if many appraisers even know how to sell themselves) on those areas of extertise.

The most successful appraisers in our area are specialists. A few are poultry farm appraisers. Other farm appraisers specialize in confined animal operations (CAFOs), or cropland, or conservation properties. Another is a business appraiser with a CPA license. Another couple of guys and one girl do court testimony, ROW and condemnation work. I've met experts in golf courses, airports and hangars, and one who travels the US doing shopping malls. I have read reports from folks who do truck stops and truck terminals, and I have read a report from a party that values refineries, pipelines, compressor stations, etc. often for the assessor who is out of their league valuing same. The fees are huge and you don't deal with 400 reports a year, more like 40. That's 10x less liability and exposure.

 

[Essexfenwick]

i would argue it is better to get specialized than designated. The society designations are mostly piffle and mirror education you should already have. But the CR is the new Licensed. It limits you in so many ways. That's why everyone should strive to get their CG and get ready to do court work. AND specialize. You need to pick a few top specialties and go with, concentrating sales efforts (as if many appraisers even know how to sell themselves) on those areas of extertise.

The most successful appraisers in our area are specialists. A few are poultry farm appraisers. Other farm appraisers specialize in confined animal operations (CAFOs), or cropland, or conservation properties. Another is a business appraiser with a CPA license. Another couple of guys and one girl do court testimony, ROW and condemnation work. I've met experts in golf courses, airports and hangars, and one who travels the US doing shopping malls. I have read reports from folks who do truck stops and truck terminals, and I have read a report from a party that values refineries, pipelines, compressor stations, etc. often for the assessor who is out of their league valuing same. The fees are huge and you don't deal with 400 reports a year, more like 40. That's 10x less liability and exposure.

Yeah I’m referring to metropolitan area appraisers. Commitment, credentials (designation) and support and you will do fine. Rural areas are a different animal

 

[Terrel L. Shields]

Rural areas are a different animal

Commercial and industrial ditto. Never mind timberland foresters or mineral rights that probably require industry experience and education.