Regardless of your profession, if you are not healthy and well, you will struggle to make it through your day. Because of that, it is crucial to take care of your healthy and wellness by making sure you are eating right, resting enough, and exercising regularly. Let’s take a look at some of the toll it takes on your body and mind to become a licensed professional home appraiser in Chicago.
An appraiser’s job is to estimate the value and cost of a residential or commercial real estate property, it is there job to ensure that the appraisal process is in compliance with all regulations; local, state and federal. They are also responsible for recording as well as maintaining documents in regards to all appraisals as well as review market data to guarantee that appraisals are up to date.
An appraiser may specialize in either commercial or residential properties or have a general practice. The type of property which is being appraised and the place of employment will be what determines if an appraiser spends most of their work hours in an office or on site visits. There are appraisers that are self employed and may require working overtime during the evenings or on the weekends in order to complete paperwork etc.
Four Steps To Become A Chicago Home Appraiser
- Enroll in and Associate’s Degree Program of Your Choice – There are many community colleges which offer a degree in real estate appraisal or real estate. Another alternative would be an associates degree in engineering, mathematics or marketing which is a solid foundation to begin a career as an appraiser. The BLS (U.S. Bureau of Labor Statistics) it is generally required that a real estate property appraiser have at least one associates degree.
- Graduate with a Bachelor’s Degree – In order to appraise more complex commercial or residential properties it is generally required that the appraiser have a bachelor’s degree. On top of that some states require a bachelor’s degree is an appraiser were to want to obtain a higher level of license. Many states award licenses that actually limit the the complexity or amount of transactions that may be completed by appraisers. If an appraiser has a bachelors degree then they may be able to obtain a license that does not have those restrictions.
- Get Appraiser Training and Education – The USPAP (National Uniform Standards of Professional Appraisal Practice) require that those who aspire to be appraisers log a certain minimum amount of hours of college courses or appraiser education as well as supervised training for certification or licensing.
- Get Your License – A designation as a Certified General Real Property Appraiser or a Certified Residential Real Property Appraiser can be earned by an appraiser. Many states also have the classification of Licensed Residential Real Property Appraiser. For each licensing designation there are exams that must be passed by the applicants prior to being awarded certification. It is also a requirement to continue education if an appraiser wishes to maintain certification or licensing.
It is important to be flexible, if an appraiser is able to appraise not only commercial but also residential properties then the job opportunities will be more. Being able to earn a bachelor’s degree as well a complete all the required hours in order to be certified for appraisal of all kinds of real estate can really make an appraiser stand out from the rest.