Real estate refers to a piece of land that has well developed infrastructure like buildings, water, minerals and all other natural resources that it possesses including plants and animals. A real estate appraiser is therefore a person who gives valuation of a specific piece of land including all that it possesses. To become an appraiser, like any other job, one you will need to attend some training and acquire some skills before you can qualify for it. This articles aims to take a look at what it takes to become a good real estate appraiser.
Kick starting your career
Real estate appraisers are governed by a body called Appraisal Qualifications Board (AQB). For you to be a qualified appraiser, you must have acquired and met the minimum requirements set by the body.
What level of education must you acquire?
The levels that you must acquire for you to be a qualified real estate appraiser are clearly stated by the board (AQB). These levels are;
- l For you to be an Appraiser Trainee, you must have acquired at least 75 hours of education on courses that the board have stipulated.
- l For you to be a Licensed Residential Real Property Appraiser, you must have attended to at least 150 hours of the stipulated courses by the board
- l For you to be a Certified General Real Property Appraiser, you must have at least attended to 300 hours of Appraisal Education hours.
What are the skills that your need to become a qualified real estate appraiser?
The most important skills that you must possess are the analytical ones. To add to that, you should use more time mingling with potential customers or clients and writing reports in the process. You must also acquire both good written and oral skills of communication.
What Experience do you need to become an Appraiser?
A supervising appraiser must be certified by either a certified residential or certified general. So if you are a trainee looking for one you should know exactly who you want and look out for the necessary qualifications to avoid cases of frauds. The board (AQB) has also set the following as the minimum criteria for experience;
- l If you are a trainee, you must be subject to direct supervision by a qualified supervising appraiser in a good standing.
- l If you are a Licensed Residential, you must have 2,000 hours if no less than 12 months of hours of experience.
- l If you are a Certified Residential, you must have at least 2,500 hours if no less than 24 months of hours of experience.
- l If you are a Certified General, you need at least 3,000 hours if no less than 30 months of hours of experience.
How do you take your career to the next level?
You can achieve this by acquiring an Appraisal Institute designation. It takes your career to a higher level in the valuation of experts. These institutions are more over approved by legal courts of laws so with an Appraisal Institute designation, you will stand out as a person with enough knowledge, integrity and experience.
For you to become a Real Estate Appraiser, you need to have good educational backgrounds. You also need enough experience in the field and having an Appraisal Institute designation is an absolute added advantage.