You Got the Chops?

 untitled

I am often asked if we are training appraisers. While we have done it in the past, we are not currently. As a result of the market crash in the late 2000’s, restrictions have been placed and per Florida Department of Business and Professional Regulation, a Registered Trainee Appraiser must work under DIRECT supervision of their supervisor for a minimum of 2 years. Finding an appraiser who has the time to dedicate to a two year commitment of training is difficult to say the least.

If you have your heart set on becoming an appraiser, you must first become a Registered Trainee Appraiser. A Registered Trainee Appraiser can obtain their Trainee status by being 18 years of age and having a high school diploma, by taking and passing 100 hours of pre-license education. Once the education requirements are satisfied, a Registered Trainee Appraiser MUST work under the direct supervision of either a Certified Residential or a Certified General Appraiser for a minimum of 2 years while they establish a work log of a minimum of 2500 hours and 150 appraisals. The Registered Trainee Appraiser is then eligible to apply to become a Certified Residential or a Certified General Appraiser IF they also have a minimum of a 4 year degree or equivalent.

To become a Certified Residential Appraiser (and no longer require the supervision of another appraiser in order to perform residential appraisals) a Registered Trainee Appraiser must complete an additional 100 classroom hours of approved pre-licensing education, hold a Bachelors degree or higher from an accredited college or university and pass both a National and State level exam. Once this is accomplished the appraiser is licensed to perform an appraisal on any 1-4 unit residential property without regard to price, scope or supervision.

A State General Appraiser is able to perform appraisals for any type of real property once they have experience that consists of a minimum of 3000 hours, a minimum of 23 summary or self-contained reports in a narrative format or 12 nonresidential summary or self-contained reports, 135 non-narrative supportable and documented appraisal reports and obtained over a 30 month, or more, time period. All experience gained must be USPAP compliant and obtained after January 30, 1989.

If real estate is a strong interest and appraisal is not an appropriate track, it is VERY easy to obtain your real estate sales license.  By passing a course that is completed in a little over 1 week (the 63 hour Real Estate Sales Associate course -we recommend the Climer School of Real Estate), followed by a single state exam, you will be ready to embark on your real estate career. A Sales Associate must work under the direction and management of a Broker and while there are many options, I happen to know a great broker who is also an Certified Residential Appraiser.
Do your research when choosing a real estate related career path and be sure to ask questions of anyone who solicits you to work with their company. We’ll talk in a later blog post about the pitfalls of using large national agencies as your brokerage when you are fresh out of school, but for now, just know that you have many, many options.

About The Author

Megan Johnson Judd

Comments

Leave A Comment

Adam Judd

(407) 282-1600 *1

Broker/Owner
Cert.Res.RD 4142

Megan Judd

(407) 282-1600 *2

President
Cert.Res.RD 3035