To Become an Apprauser?!

[Fernando]

Appraiser income has not kept up with many other job wage increases.
Starting April 1 in CA, fast food workers get minimum wage of $20/hr. Got to get my cheap fast food this week before it goes up next month and beyond.

 

[Zoe]

I am serious about that guy in finance class. He retired from Sears after many years of experience as CFO. He went over all his investments in all kinds of things. I can't remember how many years before 1983 approximately that he retired from Sears.

He was doctor of finance as college professor. Nobody wanted to take his class. There was one other professor, so you had to choose your professor on finance.

It had to fit your individual schedule also. Like if you needed a class and his class time rhymed with it? You had little choice.

That is predominantly why the class laughed when he pounded on my desk and said How in the hell do you do so good on my tests?

 

[Zoe]

The classroom was set up with rows. It was more like a theater atmosphere. Solid desk on all rows. I was on back row. He came all the way back to my seat one day and embarrassed me. I was nice. I just needed to finish the class.

 

[Zoe]

You girl, need to study your opportunities wisely.

Don't make your decision on a whim on what you decide.

 

[Zoe]

Quick bio... I spent 35 years in industrial corporate marketing. I left about 5 years ago for an early retirement. Now I want to return to work, new industry no travel. I thought of a residential appraiser. Which brings me to a few questions. How do you go about getting 2,000 hours with a qualified mentor and would someone mentor an individual re-entering the work force?
Full transparency please.

Thank you.

 

[IlliniApp]

Looks like she spends her earnings on donuts-

So mean!

 

[David S]

Very interesting! Although right now appraisal volume is extremely low, still lots of people, including this forums, ask to become a appraiser. Can some explain why?

Advice on entering the Real Estate Appraisal Field.

Hi, I'm Eric, a 52-year-old entrepreneur and long-time small business owner. I am interested in becoming a certified real estate appraiser, and I would appreciate some advice from the forum on the best pathway forward. I'm seeking recommendations on the best schools, how to obtain my 1500 hours...

appraisersforum.com

 

[Tiffany Gibbons]

Very interesting! Although right now appraisal volume is extremely low, still lots of people, including this forums, ask to become a appraiser. Can some explain why?

Advice on entering the Real Estate Appraisal Field.

Hi, I'm Eric, a 52-year-old entrepreneur and long-time small business owner. I am interested in becoming a certified real estate appraiser, and I would appreciate some advice from the forum on the best pathway forward. I'm seeking recommendations on the best schools, how to obtain my 1500 hours...

appraisersforum.com

I think they're Fannie Mae trolls. The OP in this thread even asked about Fannie Mae changes in her second posting. There's no conceivable reason why someone with 2 friends who have been appraisers for 20 years wouldn't just talk to their friends about the "feasibility" of becoming an appraiser at an advanced age rather than an online forum. Fiinance major? What's her Degree in? Sounds like more a fit to be a loan processor in my opinion. Working with numbers. It would be more feasible to become an accountant or work for a tax preparation firm or the IRS temporary/seasonal jobs. There's more to appraisal than numbers. And this person has their status as "trainee" already.

I also don't believe a successful entrepreneur with more than one small business would suddenly want to be an appraiser at 52.
Kind of funny they both used Facebook kinda profile pix as well.

 

[J Grant]

Very interesting! Although right now appraisal volume is extremely low, still lots of people, including this forums, ask to become a appraiser. Can some explain why?

Advice on entering the Real Estate Appraisal Field.

Hi, I'm Eric, a 52-year-old entrepreneur and long-time small business owner. I am interested in becoming a certified real estate appraiser, and I would appreciate some advice from the forum on the best pathway forward. I'm seeking recommendations on the best schools, how to obtain my 1500 hours...

appraisersforum.com

Are one or two inquires a month here lots of people?

I hope whoever enters it succeeds and a few will. For the rest, idk what to say. When established appraisers are losing money every month due to the tipping point of forces and the agencies and policies aligned against the field has reached a critical mass- many newbies are basing their views on outdated intel that applied a few years ago - by now waivers and inflation wiping out even the meager fees reaching an appraiser after an AMC split has made teh field at best break even with some spots of business eking out a profit - even for those of us who are AMC free, the field does not feel secure.

Many of us love appraising and wish we could recommend it - but no matter, there will be enough newbies ignoring the advice and enough established appraisers hanging in there or doing it part-time to fulfill the need for the next decade or more on the res license side-

Anyone serious about it as a career should pursue a commercial license, which is harder to obtain but offers more long-term potential for income because it means there are different avenues of work.

 

[Tiffany Gibbons]

It's even more difficult to find a CG mentor. I wouldn't have been able to upgrade my CR if I hadn't been working for an appraisal firm for 10 years that had 2 CG's to mentor me. The big commercial firms won't hire you unless you bring your own (or your current employer's) clients to them. Those firms and commercial banking review jobs want years of experience and lots of designations too. The cost of Costar makes it cost prohibitive to be on your own and do commercial narratives. You can do DOT work for the state, but that does not pay as much as you'd think. I'm glad I got my CG, but in my experience, it's not the money maker everyone thinks it is. I always did residential as well.