So you are interested in becoming a real estate appraiser, making a mark in the lucrative real estate reportage field. Below you will find few tips that can help you immensely in becoming an appraiser, if you plan on making money doing appraisals on homes in Santa Maria or where ever you choose to operate.
To start with, you need to go for certification courses. It is worthwhile pointing out that the appraisal foundation has some eligibility criteria with regard to hours of class work you required. These guidelines are set by the USPAP or the Uniform Standards of Professional Appraisal. The courses for the becoming an appraiser or not the same as that for a real estate agent. Many agents in the Santa Maria real estate market have expanded their skills to also include appraisals or BPO’s.
You need to find a school, which offers you an opportunity to complete the course in a quick time. Before selecting any school, you need to ensure that it follow the patterns that are being set by the USPAP. In addition, you also need to take into consideration the passing rate of the school.
Once you are done with your courses, next you need to go for the test registration. Keep in mind that, you need to submit details related to your course to the Office of Real Estate Appraisers (OREA). The processing time of this step is around three months.
During this point, it is advisable that you look out for employment in a real estate appraisals companies. This is important because you will require a signature of the supervisor in your reports. On the basis of your interest level, you have an option of joining with a residential firm or a commercial firm. The main point of difference between two firms is that in commercial properties you are going to find much more complication but when it comes to pay rate, they are a much better option in comparison to the residential firms. You will be dealing with a whole different cleintele than those that are learning how to buy a home.
Once you get associated with the firm of your choice, you can evaluate how much hours you need to devote in order to get a certification. It is always a good option to tell your company well in advance that you want to become a trainee. When this is the case, you can jump up the ladder much more quickly in the office.
Once you get a call from the Office of Real Estate Appraisers for testing, it is advisable that you go for a cram course so that you can refresh your memory. Majority of firms, once employed, is going to pay money for your courses.
After you are through with the OREA testing, you are going to get an appraiser-trainee certificate. After getting the license, you will be required to renew it on a yearly basis.