HOME     Business   Real Estate Appraisal

Real Estate Appraisal Classes & Course Requirements

Earning your real estate appraisal license and becoming an appraiser would require you to investigate and determine the value of residential and commercial properties. People who hire appraisers usually do it when they are going to refinance or sell a home. The appraiser would tell them how much their home is worth and how much they would likely receive for it if they placed it on the housing market.

Your New Career
Begins Here!

  

 

Featured Schools

Check Your Options


 

How an Appraisals Works

An appraisal usually starts with an appraiser visiting the property and speaking with the owners. They would then inspect the property to determine the overall condition, construction, and design it all. Once the appraiser has gathered this information, he or she searches through public records to look for any extra information which would further assist them. These searches may include previous sales, assessments, and leases.

Finally, after all relevant information has been collected; real estate appraisers come up with an estimate which determines the overall value of the property. They provide owners with detailed reports which explain why the estimate is where it is. In some cases, appraisers may be asked to show up in court to testify on behalf of a property owner. Some have their own niches as well. For example, certain real estate appraisers may specialize in commercial property while another may focus more on rental and residential property.

Real Estate Appraisal Courses & Education

Becoming a real estate appraiser involves meeting the licensing requirements for your particular state. Basically, there are three types of certifications which are widely accepted by most firms: the CGRPA (Certified General Real Property Appraiser), the SLA (State Licensed Appraiser), and the SCRPA (State Certified Residential Property Appraiser). Obtaining either one of these licenses usually requires thousands of hours of on-the-job training and over seventy five hours of education.

In terms of receiving a formal education, firms would prefer if an appraiser as at least two years of college courses under their belt. Most banks, employers, and federal agencies require a bachelor's degree in valuation sciences or real estate. Other classes which are an option include business administration, math, engineering, writing, and economics.

Getting the Job

Your first gig as a real estate appraiser will probably involve an entry-level position in college placement offices. After you receive a sufficient amount of experience and earn your license, you can apply to companies directly. You can search newspapers, employment agencies, and even online job sites to find an opening. Once you have gone through the necessary training and become experienced as an appraiser, you can then focus and specialize on specific kinds of properties. This increases your demand and makes you more valuable to the company. For example, an appraiser is possesses generalized skills is less valuable than an appraiser who is extremely experienced and skilled in industrial property (or agricultural, residential, etc.). For those individuals who receive a bachelor's degree, you can apply for positions with commercial banks.

Earnings

How much you earn as a real estate appraiser really depends on a number of variables. Obviously, you'll probably make more money if you have a higher amount of experience. You'll also make more money if you become specialized in a specific kind of property. You can expect to make between $42,000 and $81,000 as a real estate appraiser. Finding out what real estate appraisal requirements for your state are will determine which school you'll be attending. Request information from any of the schools below and talk with any of their trained representatives about how to begin.

quinstreet sample page

Discover a School That Matches Your Interests

 
Results:  10
Matching School Ads

Florida Vocational Institute is committed to providing a quality education in a lifelong, rewarding career. 

Selected Campus Locations:
  • Pembroke Pines
Selected Programs:
  • Medical Assistant

Since 1977, Keiser University has maintained a practical, hands-on approach to career-focused education to help our students achieve their personal and professional goals. 

Selected Campus Locations:
  • New Port Richey

Lincoln Tech is your LINC to a new career!

Selected Campus Locations:
  • Philadelphia
Selected Programs:
  • Automotive Technology

Jump into the exciting world of technology or medical services at Harris School.

Selected Campus Locations:
  • Cherry Hill

Achieve the career success you deserve at All-State Career���Healthcare Division. * Programs vary by location * Please contact each individual campus for accreditation information

Selected Campus Locations:
  • Baltimore

Earn your degree 100% online with the flexibility and affordability that an online education affords.

Selected Campus Locations:
  • Online

Prepare for an exciting new career at the Milan Institute.

Selected Campus Locations:
  • Sparks

Train for the real-world skills that help you launch a successful technology or healthcare career with a degree, or diploma from Florida Career College.

Selected Campus Locations:
  • Tampa

Southern Technical College provides education and training in a variety of medical and technical areas that enable graduates to obtain entry-level employment.

Selected Campus Locations:
  • Tampa