Advice for appraisal trainees
and persons considering an appraisal career (wannabes)
This article is a “Blast from the Past”, before AMCs took over in 2008. Many lenders will now allow residential trainees to sign on their own so few fee appraisers hire trainees. However, the advice is still useful. I have updated the links.
Getting your first appraisal job has always been difficult. You had to know someone, or be in the right place at the right time (the luck factor).
Now, getting started in residential appraising is even more difficult as few lenders hire trainees (where most appraisers got trained until about 10 years ago). Few fee appraisal companies hire trainees. A good way to start is doing clerical support work in an appraisal office.
If you have a Bachelor’s degree in English, Economics, or Business, or an MBA, consider commercial appraising, where there is more opportunity. If you can offer something besides a “warm body” and a few classes, such as experience running a computer network, you will have a better change.
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- Good basic information from the Appraisal Foundation – https://www.appraisalfoundation.org
- Good basic information from the Appraisal Institute – http://www.appraisalinstitute.org
- General information on appraising, appraisers, appraisals, and how to get started in appraising – tips on this web site for trainees and wannabes
- www.appraisersforum.com – very good – newbies section – tends to be negative but is a realistic picture. Check out the FAQs at the top of the newbies section. Registration is required. Don’t post a message until you have read the newbie FAQs.
- Articles written by Ann O’Rourke, MAI, SRA from the business owner’s point of view