How do I become a real estate appraiser

[Matt Dickens]

Hey Everyone, I am looking to become a real estate appraiser in the state of Arizona. I know that they are needed right now, and it seems like a great way to gain experience in a niche part of the industry. However, I’m struggling to understand how exactly it happens. Does anyone have experience becoming a real estate appraiser? Best, Matt Dickens

[Hillary Gries]

I would check with your state regulatory board to find out local requirements. Generally, to obtain a license, you have to complete approximately 150 hours of education and align yourself with a mentor for 2000 hours +/- during the trainee phase (in no fewer than 12 months). You can then take a state exam to become licensed. You need additional schooling and hours to become certified. Currently they require a bachelors degree to become certified, however I believe they are making some modifications to this requirement. The toughest hurdle for appraisal entry right now is finding a mentor. Before you dive in, I would suggest reaching out to some experienced appraisers in your area, perhaps find a company that utilizes trainees. Research your local appraisal association and attend a meeting. Or even go the commercial route and start as an analyst. Keep in mind that most banks will only hire certified residential and certified general appraisers to complete appraisal work. Feel free to PM with any questions and best of luck.