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How hard is it to become a real estate appraiser?

By - Jun. 13, 2023

It is moderately hard to become a real estate appraiser. To become a licensed or certified real estate appraiser, you need to complete a certain number of education hours, gain practical experience, and pass an examination. The specific requirements to become a real estate appraiser can vary by state and certification level.

The education requirements typically involve completing courses in real estate appraisal principles, procedures, and ethics. The number of required education hours can vary, ranging from around 75 to 200 hours depending on the state and certification level.

In addition to education, practical experience is also a very crucial component. The number of hours of experience required can vary as well, often ranging from around 1,000 to 3,000 hours. This experience is usually gained through working as an apprentice or trainee under a certified appraiser.

Passing an examination is also necessary to become a licensed or certified real estate appraiser. The examination typically covers both national and state-specific topics related to real estate appraisal. The pass rate for first-time takers of real estate appraiser exams typically ranges from 60% to 80%.

Beyond having just a solid understanding of real estate principles, a real estate appraiser should also work on building other skills important for being successful, such as strong attention to detail, analytical skills, and the ability to interpret data.

Your ability to land a job after becoming certified will depend on several factors such as the local real estate market and economic conditions. The demand for real estate appraisers is driven by real estate transactions, refinancing, and property assessments for taxation purposes. Overall, the job outlook for real estate appraisers is generally positive, with a projected growth rate of 3% to 4% from 2020 to 2030.

How hard is it to become a real estate appraiser?

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