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Old 01-22-2021, 11:38 AM   #1
9452772
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Default Career Change, Corporate Life to Residential Appraiser ???

Question to those that appraise homes in Texas. I am thinking of leaving the high stress Cooperate life and do something a little more laid back. I like the idea of becoming a home appraiser. It looks like there are three levels:

Licensed Residential - no college
Certified Residential - some college
Certified General -BS or higher

I do not have a college degree which only allows me to get the Licensed Residential. I can work on college hours to get Certified Residential but it is going to take a fair amount of time. Does anyone on the green screen have a feel on how easy it is to get work as Licensed Residential vs Certified Residential? My fear is if I get the Licensed Residential it may be hard to find work if everyone wants a Certified Residential.

Thanks and feel free to IM me I would love to talk with someone in the industry.
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Old 01-22-2021, 11:51 AM   #2
ctom87
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Saw this yesterday in an article on the internet, so tagging along.

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Old 01-22-2021, 11:54 AM   #3
GA Bowhunter
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Wait until an appraisal comes in low and you will see a lot of stress.

You'll get calls from the buyer, seller, both agents and the closing attorney.
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Old 01-22-2021, 12:04 PM   #4
jshouse
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i am sure someone with experience will speak up but i looked into this a few years ago and was told that you have to be an apprentice to an appraiser for what i thought was a long time before you can work on your own. whatever the time frame was was going to be longer than i could have gone without a job.

home inspections are easier to get into, my dad owns a company and tshelly on here does as well.
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Old 01-22-2021, 12:19 PM   #5
Buffalo1
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I am retired and spent my life in the personnel arena. I'm afraid those "stress free" positions passed by when I was seeking to fill job openings. I wish you well.
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Old 01-22-2021, 12:23 PM   #6
dgilbert
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Good luck no telling what we are in for now!
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Old 01-22-2021, 12:39 PM   #7
bigmike585
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Quote:
Originally Posted by GA Bowhunter View Post
Wait until an appraisal comes in low and you will see a lot of stress.

You'll get calls from the buyer, seller, both agents and the closing attorney.
What he said, run another direction!
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Old 01-22-2021, 08:28 PM   #8
r_u_sharp_2
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My wife works for an appraisal company.

She has worked for three over the last 8 years or so. 2 in Dallas and 1 in the Austin area.

She said go to https://www.talcb.texas.gov and poke around.

You do need to be an apprentice for a year or two under a licensed appraiser.



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Old 01-23-2021, 09:01 AM   #9
9452772
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Thanks all for the replies. I have done all the research online I can. Biggest question is how much work I would get with the basic residential license vs the next step up that requires a certain amount of college classes.


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Old 01-23-2021, 09:54 AM   #10
famousunknown
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I would recommend pursuing the certified route rather than licensed. Unless the TALCB changed some things there are some limitations on what you can appraise if you are only licensed. Certified will allow you to appraise any residential property without limitation.

Last edited by famousunknown; 01-23-2021 at 09:56 AM.
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Old 01-23-2021, 10:01 AM   #11
ken800
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I would investigate this career very carefully. The last two homes that I have purchased were appraised under a different format. An "appraiser" is locked up somewhere in an office doing bulk work. They sent a low-paid "photographer" to take pictures and then do the appraisal. The photographers were everyday joes with a mobile phone and just walked around and took a bunch of pictures. They sent me a questionnaire about build grade of interior stuff, age, etc. Then some person in a black hole sent out an appraisal. I'm quite certain the last year of covid has accelerated the move toward this type of process.
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Old 01-23-2021, 12:16 PM   #12
Preacher Man
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Even though the license would enable you to appraise property up to 1 mil, a lot of lenders still require a certified appraiser. So it will limit you a bit. A certification becomes more important when times are lean. Right now it may not affect you much.

But your biggest hurdle will be finding a sponsor. There’s a ton of liability for the sponsor while you’re a trainee.
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Old 01-23-2021, 12:59 PM   #13
BobbyOrtiz
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I too own a Home Inspection business. I am a full-time firefighter and do about 4 Inspections a week here in central Texas. If you are interested, pm me. My company is called Off Duty Pro Home Inspections. I have heard too that the appraisal route is difficult.
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Old 01-23-2021, 02:52 PM   #14
CaptainDave
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I've heard the toughest hurdle is finding a licensed appraiser that will allow you to work as an apprentice. It's almost like you need to know one personally as there is some liability associated with it.

There's also a lot of regulation in the industry itself.

I've also heard there is a shortage of licensed appraisers in most high demand markets; i.e. TX, CO, WA, CA, etc. However, it's my understanding that shortage is primarily due to the barriers to entry (i.e. apprenticeship) and regulation in the industry. In other words, it's difficult to break through and actually get in as there's a lot more involved than what most people think.

Honestly, if you can break through and can handle a bit of stress, it doesn't seem like a bad gig. A ton of these people work for themselves and pick and choose how much work they want to have. Depending on the type of property, an average appraisal feel is around $500. In a high demand market, it would not be difficult to make decent money.
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Old 01-23-2021, 06:35 PM   #15
Ruark
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I looked into this one time, too - for sure, check out being an inspector as opposed to an appraiser.

A lot of it depends on where you work, too. Like, we live in a furnace-hot real estate area, houses and sales going up like crazy. That would mean a business (income) than some place where nothing's moving. Of course, that could mean packing up and living somewhere else.
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Old 01-23-2021, 08:58 PM   #16
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Before I retired I worked several decades as a real estate appraiser here in TX. This is what I would tell my son or daughter if asked about a career in appraisal. Markets change, you will have chicken one week and feathers the next. Appraisal regulations and methods change, the cost and time for continuing education is just part of the drill. Financial institutions will have an enormous influence on how much work you will get. Sounds like you have done some very good research thus far so I cannot really add much except this. Appraising real estate correctly is NOT a laid back profession. You must be 50% a numbers nerd, 50% a people person and 100% comfortable with the ethical person looking back at you in the mirror. You must have rhino thick skin because you will routinely make people angry at your fee, your completion time, your value, etc. On the plus side, appraising real estate kept food on my family table for a lot of years, and I was never bored. Every appraisal assignment completed properly will have something that challenges both your analytical abilities and your people skills. Another major advantage likely important to anyone on TBH is you are required to be an “outside” worker part of the time. So yeah, put me big time in the “real estate appraisal is cool” category.

My advice for you now is to separately take three or four residential appraisers in your market to lunch. Ask them questions you generate from these very insightful posts. Carefully listen to them because they will give you the very best information to make your decision. However you decide to proceed, good luck with this.
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Old 01-23-2021, 09:07 PM   #17
DFWPI
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Quote:
Originally Posted by GA Bowhunter View Post
Wait until an appraisal comes in low and you will see a lot of stress.

You'll get calls from the buyer, seller, both agents and the closing attorney.
Yup, I callednone last month and this month about his appraisal. He told.me to pound sand, he didn'thave to discuss it with me, which is true.

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Old 01-23-2021, 09:11 PM   #18
PYBUCK
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MY SIL just completed his training for licensed home inspection. 300 hrs of online training then 6 weeks riding along with a licensed inspector. Have you thought about trying this?
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Old 01-23-2021, 10:13 PM   #19
3ChordTruth
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Quote:
Originally Posted by DFWPI View Post
Yup, I callednone last month and this month about his appraisal. He told.me to pound sand, he didn'thave to discuss it with me, which is true.

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Zip on that dude’s people skills, he has not yet learned it is a small world. Better ways to deliver the “you are not my client” message than to go pound sand.
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Old 01-23-2021, 10:14 PM   #20
3ChordTruth
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Thought of something else for your consideration if you decide to become an appraiser.
An appraisal can be cheap or fast or good. Tell your client to pick any combination of two, but they will not get the third one.
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Old 01-23-2021, 10:51 PM   #21
r_u_sharp_2
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Quote:
Originally Posted by CaptainDave View Post
I've heard the toughest hurdle is finding a licensed appraiser that will allow you to work as an apprentice. It's almost like you need to know one personally as there is some liability associated with it.

There's also a lot of regulation in the industry itself.

I've also heard there is a shortage of licensed appraisers in most high demand markets; i.e. TX, CO, WA, CA, etc. However, it's my understanding that shortage is primarily due to the barriers to entry (i.e. apprenticeship) and regulation in the industry. In other words, it's difficult to break through and actually get in as there's a lot more involved than what most people think.

Honestly, if you can break through and can handle a bit of stress, it doesn't seem like a bad gig. A ton of these people work for themselves and pick and choose how much work they want to have. Depending on the type of property, an average appraisal feel is around $500. In a high demand market, it would not be difficult to make decent money.
The issue, as I see it, is they dont want do all the training and be your sponsor for 2 years.... then have you go off on your own. Why waste the time and get a competitor out of your hard work?

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