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real estate appraisal is the process of establishing a fair market value for real property.
A real estate appraiser is a professional whose job it is to give an Opinion of Value of real property. An appraiser can appraise property for mortgage purposes, insurance purposes, tax purposes, for setting a price for a seller or for determining the value of an estate. An appraiser examines the property, takes pictures, notes any improvements or upgrades, damages or problems, studies the area, determines a rating for the general condition, uses the MLS and other databases to see what other similar homes have sold for recently, and then gives his opinion of the market value of the property.
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∙ 12y ago
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Average income for a real estate appraiser?
As a licensed and certified real estate appraiser the earnings for appraisers began declining 3 years ago. Presently, 1/3 of the appraiser have left the profession or are in Chapter 13 or foreclosure because of the decline in appraisers respect and bullying by lenders and real estate agents. My pay, expenses etc. have decline to 20% of my former amount 5 years ago. If anyone wants to be an appraiser at this time I would say NOT. Wait 2 years there will again be a demand for appraisers at a decent remuneration.
How much does a real estate appraiser earn?
A Real estate apprizer makes about 58,890 anually
How much does a real estate appraiser make in Virginia?
The appraiser make in Virginia as per the state appraisal regulatory programs. The program is decide by the federal guidelines which gives the equal profit to all.
What does comparables mean when referred to as a real estate term?
Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined methods, when performing a real estate appraisal.
How do you determine the Fair Market Value of a real estate property from the year 2000?
You hire an appraiser and request a "retroactive appraisal." Not all appraisers do this kind of work, but if you call around you should find one.
Where can you get a appraiser license in Maryland?
In order to get an appraiser license in the state of Maryland, you will need to complete courses in real estate appraisal, get a real estate Appraiser Trainee license, work as an appraiser trainee at least 2 years and take the exam for real estate appraiser.
What is the average starting salary for a real estate appraiser?
Depends on which state you live in. Also depends on if you are a commercial or residential real estate appraiser.
Where can I have a real estate appraiser training?
Real estate appraiser training can be obtained at this website: http://www.appraiserlicense.com/ It is free, trustworthy, and provides great support for you.
Where can I find a school to train me as a real estate appraiser?
You can find a school that could train you as a real estate appraiser in a lot of places. Western parts of California and Washington offer great schools that help with real estate.
Where can one find a real estate appraiser school?
You can find a real estate appraiser school at the Appraiser License website. Once on the page, select the state you want to get your license in to bring up more information.
Why is an real estate appraiser not paid on a percentage basis?
A real estate appraiser must be unbiased in developing and reporting an opinion of value for real estate. If a real estate appraiser accepts an assignment where the client agrees to pay an appraisal fee based on a percentage of the final appraised value, the appraiser would be in violation of Uniform Standards of Professional Appraisal Practices and the code of ethics of any appraisal organization to which he or she is a member.
How do you become a property appraiser?
Check with your state Real Estate Commission, usually under the Department of Insurance and Banking. This is a license similar to the process of becoming a real estate agent. Try searching for "Real Estate Appraiser License"
What is the salary of a residential real estate appraiser in ca?
$90,000
Who can appraise commercial buildings?
Commercial real estate appraiser
Where can someone find real estate appraiser jobs?
There are many websites online that have real estate appraiser jobs. Sites such as Monster, Workopolis and RealCareers are great places to begin looking for your future career.
What is the difference between a real estate agent and a real estate appraiser?
A real estate agent acts as the seller's agent in pricing the property, advertising, showing the house, negotiating with the buyer and collecting their commission at the time of sale. A real estate appraiser is a person who has the professional know-how to determine the fair market value of a property. In addition the appraiser estimates the square meter (GLA - gross living area), by measuring the exterior of the home.
Where online can you find a Real Estate Appraiser job?
Try some of the large real estate companies in your area, like Century 21
