Decades ago pre-licensing it was not uncommon for some real estate brokers to also be an appraiser or vice versa. Some of these re brokers were even leasing agents. Tommy an Old friend of mine was primarily a leasing company. He did engage in selling his leasing clients properties. He also was all;ways on the lookout for properties his leasing clients might be interested in purchasing.
I started appraising just before licensing and creation of USPAP. Yes, I am old. Not as old as dirt , but still old.
Let go straight to a major point. There will always be a need for a boots on the ground RE Appraiser. To understand that requires you to think outside the Lender box world that so many residential appraisers only seem to know. They just don't know how to market their service(s). BRN who is a member here has done just that. When Interest rates went up he was still busy completing non-lender work. He broke that addiction to lender.
This is why I recently posted the following;
"Artificial intelligence (AI) is unlikely to fully replace real estate appraisers, but it can help support their work and speed up some labor-intensive aspects. AI can provide data-driven insights and enhance the ability of appraisers to produce more reliable results with greater accuracy. However, the human element is still essential for interpreting data, considering unique property features, and
making final decisions that require contextual understanding and expertise."
Just a side note: Bert(who I respect) with his super duper muli-variant regression is not able to do it. It still requires Bert(human) to provide the input.
AVM's are not the answer either, because they have requirements also in the lending community.
https://www.occ.treas.gov/news-issu...of the,collateral that secures mortgage loans.
I am done babbling, I say for those who want to be an Appraiser to go for it,
