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Trainee to bring own clients in K.C..........

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jill shirley

Thread Starter
Freshman Member
Joined
Apr 18, 2002
A business associate is strongly encouraging me to take the necessary courses to become a licensed real estate appraiser.( A group of associates actually. )One of these associates owns and operates an auction and liquidation house and auctions off enough single family properties to keep me in a full time position doing his appraisals he claims. The others are groups of investors, mortgage brokers and real estate agents who order a substantial amount of appraisals as well. My question is this: If I go through the necessary training required in my state what are the odds of my finding someone willing to take me on as a trainee and show me the ropes until I complete the 2000 hrs of " experience" required? How capable will I be of writing these deals fresh out of training? Do not want to sign a no compete clause either as I intent to bring my own clients. How ethical would it be to ask someone to be a "silent mentor" for a cut of these deals? Any feedback from those who know would be greatly appreciated!!!!!!!!
 

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
Jill:

There are folks who would be very willing to do exactly as you ask... There are a fair number of them in the KC area... are you talking about KC MO or KC KS?

From what you describe, however, the odds of finding an ethical individual who would be able to assist you is not lookin' good. It is fairly likely that that type of scenario includes stretching values past the breaking point to make deals work. Which is as you should know unethical.

IF you are going to follow the path you suggested, I would reccomend to you that you acquire an excellent education, not take fast Eddie's hairstyling and appraisal management course. Take your classes from established associations or reccomended individuals. Join a professional association, and find someone who is a REAL mentor.

You might just become a sucessful appraiser if you still hold your license after getting your 2000 hours and a broader class of clients...

I am not attempting to be a doomsayer here, but I see some of the reports generated by certain individuals in that sub-market and frankly it concerns me. Particularly when they come over to MY market and compete, without knowing my market. I do NOT go to KC for work. If you intend to do this for very long pick your mentor carefully...

I happen to know an individual over in the Olathe market who might be willing, but I am not sure he is currently taking on any trainees: let me ask you a very blunt question: do you want to learn how to be a real appraiser or a get-your-money-and-run-Jane?

Feel free to contact me privately if you want further feedback.
 

jill shirley

Thread Starter
Freshman Member
Joined
Apr 18, 2002
Lee ann, Forgot to mention, Both KC, Mo. and KC, Ks. The KC area resta on the state line so most folks carry professional licenses in both states no matter what their profession. I am a nurse currently and carry both licenses.
 

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
I know a few folks who work exclsively in KS, but also a few that work in both...

I will ask around.

Lee Ann
 

wyecoyote

Senior Member
Joined
Jan 15, 2002
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
Washington
Jill if your currently a RN or a LPN you probably make the same amount of money as us appraisers. Furthemore, it will take you two years to get your 2,000 hours of experience this is the hardest where you make the least amount of money. That is something to keep in mind.

Ryan
 

jill shirley

Thread Starter
Freshman Member
Joined
Apr 18, 2002
My decision is not based solely on money, at least in your world you have the freedom to schedule your work around your life to some extent and you dont have to eat lunch with a cold sandwich in one hand and the other hand up someone elses orifice. or at least I hope not!! thanks for the concern though.........
 

jill shirley

Thread Starter
Freshman Member
Joined
Apr 18, 2002
My decision is not based solely on money, at least in your world you have the freedom to schedule your work around your life to some extent and you dont have to eat lunch with a cold sandwich in one hand and the other hand up someone elses orifice. or at least I hope not!! thanks for the concern though.........
 

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
ryan:
given the competition (in both fields) over in KC she is probably making MORE as a nurse :lol: :lol:
 

Jo Ann Meyer Stratton

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Arizona
She needs to read my post (and some of the other posts) under "how do I get these assignments"! She should stay a nurse, it is less hectic and less stressful!
 

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
freedom to schedule your work around your life
well there are many here who claim appriaser lose their 'life' if intending to make a 'real' living.... Among other things you can kiss your heathcare good by unless you have a spouse with a good insurance policy....

dont have to eat lunch with a cold sandwich in one hand and the other hand up someone elses orifice.
:lol: there are some who claim that there are certain appraisers who must find it difficult to eat due to the fact that thier lips are attached to some LO's posterior!

Do a fair amount of homework and interviews before you proceed I strongly suggest asking a few folks if you can shadow them on a few days also... BTW have forwarded on e-mail on your behalf, and will follow up with a personal call Monday, I am in continueing ed all day tomorrow!
 
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