How To Become A Real Estate Appraiser: Degree and Education Requirements

Stanley TanLeave a Comment



what degree do you need to become a Real Estate Appraiser
majors for Real Estate Appraisers

Real Estate Appraisers

Other names for this job might include Appraiser, Bank Appraiser, Certified Real Estate Appraiser, Certified Residential Real Estate Appraiser, Commercial Real Estate Appraiser, Engagement Director, Home Appraiser, Licensed Appraiser, Property Appraiser, Real Estate Appraiser


  • $58400
    Salary
  • 72%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Low
    Job growth
OwlGuru Rank

B



Be A Real Estate Appraiser: What You Really Need


In this requirements guide for Real Estate Appraisers, you will find out what do you need to become a Real Estate Appraiser and what it takes to become one.

After reading this, you will be able to plan for your future if you want to be a Real Estate Appraiser.



Degree required

Recommended degree level

Bachelor’s Degree

Bachelors degree
60%

Associates degree
25%

Some college courses
10%

Certificate
5%

No degree
%

Generally, employers are looking for Real Estate Appraisers who have a Bachelors degree. They also prefer someone who is good in Reading Comprehension and Active Listening.

1 common question that we always get is what major or degree do I need to become A Real Estate Appraiser or what courses do I need to take.

We did a survey to ask other Real Estate Appraisers what did they major in college or university and here are the most popular majors that came up.

Real Estate Development
Real Estate

Beginning January 1, 2015, all certified appraisers will be required to have a bachelor’s degree prior to obtaining their appraisal license. Courses in subjects such as economics, finance, mathematics, computer science, English, and business or real estate law can be useful for prospective appraisers and assessors.



Schools

schools for Real Estate Appraisers

Interested in becoming A Real Estate Appraiser? Find the right schools that can help you to become one. You will need some of your details to get you matched with the right college or university. This service is free thanks to our sponsors.

Questions to ask the university or college:

  1. How many students are in the program?
  2. Is your program accredited?
  3. How many faculty members do you have? Do they hold the right credentials?
  4. What is your job placement rate?
  5. Does your school hold career fairs or other on-campus events with employers? How many employers typically attend?
  6. How many of your students have at least one internship by graduation?

Click to start becoming a Real Estate Appraiser




How long does it take

Difficulty
Quite Hard

You will need a considerable amount of work-related skill, knowledge or experience to be A Real Estate Appraiser.

For example: An accountant must complete 4 years of college and work for several years in accounting to be considered qualified.

To become A Real Estate Appraiser, you will need several years of work-related experience, on-the-job training or vocational training.


How long does it take
Over 4 to 6 years


Work experience
2 to 4 years

2 to 4 years
45%

No experience
20%

1 to 2 years
15%

6 months to 1 year
10%

4 to 6 years
5%

Job training
Over 2 years

2 to 4 years
35%

1 to 2 years
25%

6 months to 1 year
20%

3 to 6 months
10%

1 to 3 months
5%

Most Real Estate Appraisers have 2 to 4 years work experience and Over 2 years job training.

To increase your chances of getting a job, you can look for job training while studying to be one.



License and certifications

Do you need any license or certification
Requirements vary by state


Federal law requires that most appraisers performing appraisals in federally related transactions (federally insured banks and financial institutions) have a state license or certification. There is no such federal requirement for assessors, although some states require certification. Unlike appraisers, assessors have no federal requirement for certification. In states that mandate certification for assessors, the requirements are usually similar to those for appraisers. Some states also have more than one level of certification. Beginning January 1, 2015, all certified appraisers will be required to have a bachelor’s degree prior to obtaining their appraisal license. For those states that do not require certification for assessors, the hiring office usually requires the candidate to take basic appraisal courses, complete on-the-job training, and work enough hours to meet the requirements for appraisal licenses or certificates. Many assessors also have a state appraisal license. Both appraisers and assessors must take continuing education courses to keep the license or certification. Requirements vary by state.



Skills required

We asked other Real Estate Appraisers if they could only have 5 skills, what would they be. Here is what they said.

1. Reading Comprehension what does this mean
2.Active Listening what does this mean
3.Critical Thinking what does this mean
4.Writing what does this mean
5.Judgement and Decision Making what does this mean
= Hot in-demand that most employers are looking for

We did some research and found that most successful Real Estate Appraisers have these 5 common characteristics. Most of them had Integrity and Attention to Detail.

1.Integrity
2.Attention to Detail
3.Analytical Thinking
4.Independence
5.Dependability




Knowledge required

Just like any other job, you will need some know-hows to do the job. To become a successful Real Estate Appraisers you need to acquire knowledge in these 5 key areas.

1. English Language what does this mean
2.Mathematics what does this mean
3.Computers and Electronics what does this mean
4.Building and Construction what does this mean
5.Customer and Personal Service what does this mean

As A Real Estate Appraiser, you may also be required to know how to use certain Analytical or scientific software, Analytical or scientific software and Desktop publishing software tools.

a la mode Pocket TOTAL (Analytical or scientific software)
a la mode WinTOTAL (Analytical or scientific software)
ACI Appraiser’s Choice (Desktop publishing software)
Apex IV Assessor (Map creation software)
Apex IV Fee Appraiser (Map creation software)
= Hot in-demand that most employers are looking for




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Related to Real Estate Appraisers Requirements

Real Estate Appraisers requirements, how to become Real Estate Appraisers, degree required to be a Real Estate Appraiser, Real Estate Appraisers license and certifications, majors to be a Real Estate Appraiser, is it hard to become a Real Estate Appraiser and how long does it take

Additional resources

http://www.bls.gov/OOH/business-and-financial/appraisers-and-assessors-of-real-estate.htm
http://www.appraisers.org/
http://www.appraisalinstitute.org/
http://www.iaao.org/

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Real Estate Appraisers
Written by: Stanley Tan
Real Estate Appraisers appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.
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