To be a CG or not be

[Gtary]

Greetings,
Looking for a little advice from my Certified General friends. I may have the opportunity to be trained in commercial appraisals (the 1,500 hours that are required). I am currently a Certified Residential appraiser and have my own sole proprietorship. I make about 125k-150k per year currently. Would it be worth it to go ahead and get my hours in commercial? Thank you in advance everyone for all of your thoughts.

 

[Joe Flacco]

Depends on your personal situation. Only reason to not do it is if it requires taking a hit to income in the short term and your personal situation doesn't allow you to do that.

 

[Ricky LaFleur]

Looking for a little advice from my Certified General friends. I may have the opportunity to be trained in commercial appraisals (the 1,500 hours that are required). I am currently a Certified Residential appraiser and have my own sole proprietorship. I make about 125k-150k per year currently. Would it be worth it to go ahead and get my hours in commercial? Thank you in advance everyone for all of your thoughts.

Last post you made, you stated the Appraisal Institute requested that you draft a letter to the AQB stating the need of a PAREA CG program. What changed?

 

[devin]

Greetings,
Looking for a little advice from my Certified General friends. I may have the opportunity to be trained in commercial appraisals (the 1,500 hours that are required). I am currently a Certified Residential appraiser and have my own sole proprietorship. I make about 125k-150k per year currently. Would it be worth it to go ahead and get my hours in commercial? Thank you in advance everyone for all of your thoughts.

Do you already have your Bachelors degree, I know it's one of the requirements

 

[Raven59]

The answer seems obvious. You will likely lose income in the short term but the CG will open more doors.

 

[Zoe]

It is hard to do both commercial and single family residential at the same time. The timing on due dates conflict with each other. Most commercial appraisers don't make as much money as you are currently making doing residential only.

 

[sputnam]

The more you know, the better off you are. Qualifying as a CG appraiser will even benefit you if you then only do residential appraisals. I see sloppy work and USPAP violation much less often from CGs doing residential work than from CRs doing similar work.

The other benefit is, you will have more tools in your bag for when you need to appraise that weird property.

 

[Tom D]

anything you can do to make yourself more better, always do it. however, as said above, everything has a cost. also depends on your age. it will cost you more in the beginning to learn, but possible help when resi income is slow. slow times are a good time to do things, but as said above, you will lose residential clients when you have commercial work that takes the time away. you are pulling the slot appraisal machine lever right now as to how it will affect your future. seems to me that most commercial appraiser don't really do much residential. and when they do, it ain't actually a good appraisal from my experiences, the opposite from sputman cg resi work experience. most doctors are general or they specialize, probable can't do both well. but the specialist does make the money.

 

[ucbruin]

"anything you can do to make yourself more better..."

Didn't know you speak pidgin....
Aloha....

 

[Gtary]

Last post you made, you stated the Appraisal Institute requested that you draft a letter to the AQB stating the need of a PAREA CG program. What changed?

Had gotten some unfortunate news from the appraisal institute.