Video: How to Become a Licensed Residential Appraiser 2024, July
The work of the appraiser at first glance may seem simple and simple, but when considering this profession, a lot of requirements for this specialist are revealed in more detail. The popularity of the profession is determined by its great demand, high status and, of course, the ability to have a large stable income. Therefore, now many are interested in the question: how to become an appraiser, what kind of education should this specialist have?
What you need to know about the profession
A competent appraiser should have versatile and extensive knowledge in his field of activity. Assessment is usually required in case of damage, damage to movable and immovable property, as well as during various transactions with them. How to become an independent appraiser? There are several ways:
- First you need to get a specialized higher education: economic, legal. In the case when a person has a non-core education, he will have to undergo retraining or specialized courses, which are mainly offered by universities.
- Get higher education immediately on the profile of the appraiser. Now a large number of universities offer various specialties in this field: examination and real estate management, a broad appraiser, etc.
Evaluation experts have the opportunity to work in several specific specializations. Motor transport and real estate are one of the most common areas of their activity. In the case where the question is how to become a real estate appraiser, you can consider various offers of additional specialized education, which is offered by many economic universities.
Only a graduated graduate must complete an internship in 1-3 years in order to gain practical experience in work. What is needed to become an appraiser, an expert in your field, to achieve improvement in this field of activity. To do this, he will need to join a self-regulatory organization. The task of this organization is to monitor the activities of a specialist in this field. One of the important points is that it is also necessary to obtain an insurance policy, which in case of professional errors will insure the appraiser from large material losses.
Who is an appraiser and what does he do?
In recent years, this profession is gaining more and more popularity. How to become an appraiser and get a decent high-paying job? This question worries many, in particular those who are only determined with their future profession.
The full execution and conclusion of transactions on the right of ownership almost never does without an expert on valuation. This specialist calculates the real present value of property rights, intangible assets, shares, land, cars and other valuables.
All appraisers are divided into several categories. Some of them specialize in real estate and various equipment valuation. The other part evaluates intellectual property, business. The services of these specialists are in demand both by individuals and legal entities (banks, government agencies, insurance organizations, etc.).
Work as an appraiser: what is it?
In most cases, when concluding large transactions, it is necessary to find out the price of the subject of the agreement, which is relevant for this period of time. How to become an appraiser, what is his responsibility?
The evaluator must have a suitable education, advanced training courses, work experience are welcome. Its task is to determine the real value of property, the amount of material damage, the value of assets, intellectual property, equipment and much more.
The expert’s work begins with the fact that he collects the necessary information about a specific subject of assessment. Further, he is engaged in a set of analysis of the obtained data and identifies on this basis the actual cost. The appraiser's work also includes consulting clients on issues that they have. Based on the results of the work, the evaluation expert gives his opinion and provides it to the customer.
What should an appraiser be able to do?
Firstly, the specialist in this activity should have a suitable education (higher profile, just higher and retraining of specialized courses). Secondly, he must confidently own a personal computer. Thirdly, to have experience in a similar field of activity.
In addition, you need to know how to become an appraiser who seeks to be not just an ordinary employee, but an expert. Do not forget that he must be a member of the SRO, as well as take out liability insurance for valuation activities, that is, have an insurance policy.
In addition, the specialist in this activity should know:
- how to competently negotiate with banks;
- rules for coordination of working moments with audit companies;
- how to qualitatively, professionally prepare the reports compiled by him;
- control rules for fulfilling the conditions that are prescribed in the contract;
- the current situation on the market, to be able to analyze and deal with working documents.
The work of an evaluator is often associated with business trips. In this regard, the specialist must be prepared for the frequent trips that are necessary to carry out his professional duties. He also needs to constantly improve his professional competence through various trainings, courses, and seminars.
Pros of the profession
In this area, becoming a professional quickly does not work. How to become an appraiser in Russia, where to start? It is best to start a career with the fact that a newly-made specialist will find an experienced mentor who will pass on his experience and teach competent work and all the subtleties. In this case, wages will be low, but a person will get enormous experience.
When the appraiser feels that he is able to carry out the work independently, then 3 ways will be open for him: work in a private organization, open his own business and go to work in a public institution.
Most people open their own business whenever possible. This is due to the fact that it will be in considerable demand, ranging from private individuals to large organizations.
The advantages of the profession of an evaluation expert include:
- the possibility of independent time planning;
- the ability to work without office space;
- high demand for services provided by independent expertise;
- favorable prospects for business development;
- communication and meeting new people;
- high enough income.
Why is growth in demand for appraiser services increasing?
Recently, the demand for appraiser services is growing. Competent specialists will always find a job. The salary of beginner experts is 15-30 thousand rubles, depending on the region. Professionals in their field earn many times more - 100-170 thousand rubles a month.
The growth in demand for valuation services is increasing due to the fact that an expert opinion is required in large cases:
- when applying for a mortgage loan;
- a loan secured by real estate in a banking organization;
- in resolving a number of issues relating to confiscation or privatization of housing;
- when assessing damage;
- section, as well as the allocation of shares, donations of real estate and much more.
Cons of the profession
The disadvantages of the appraiser's profession include a number of the following disadvantages:
- the high cost of training, which in universities varies from 70 to 180 thousand rubles in 1 year;
- the need for regular training programs, which also requires material costs and is not always convenient and possible;
- the need for the first time to work for low wages;
- quite high competition.
How to become an independent expert appraiser and be competitive at present? To do this, the specialist must continuously improve his skills and abilities, conduct work activities at the highest level, and constantly be educated in issues and changes relating directly to work. All this will make it possible to stand out from the competition.
How to become an appraiser after graduation? Newly-made specialists in evaluation most often undergo practical training for 2 years, which allows them to acquire skills for independent activities. Experienced experts become their mentors, the task of which is to educate their wards on the correct correct assessment of the transaction object, the ability to work with documentation, and reporting.
Who uses assessment experts when and when?
Many people mistakenly assume that the scope of the appraiser is limited only to the examination of real estate, land, vehicles. Although, these are the most common areas. The appraisers provide services to commercial organizations, private individuals in assessing the real value of the investigated subject or to identify the amount of damage caused.
How to become an expert appraiser? A professional specialist of the highest level determines the value of the enterprise, business, intellectual property, which requires extensive experience, knowledge of all the subtleties. To determine the prospects of investing in the purchase of a bankrupt enterprise, one also cannot do without an expert in valuation. In addition, he reveals:
- the average cost of work and materials that will be spent on repairing the damage;
- the real price of equipment and machines;
- company fixed assets and tangible assets;
- current value of any property;
- tools, antiques, jewelry and more.
It is important to understand that appraisers mainly work in any particular industry. With rare exceptions, these specialists are simultaneously engaged in several types of expert activity. This is due to the fact that each species requires deep knowledge and quite serious preparation.
The most popular assessment appraisal service remains the identification of the market value of real estate (non-residential and residential funds). How to become a real estate appraiser in Russia and what pitfalls does this profession have? Often, when contacting these specialists, customers are asked to lower the real value of the valuation object in order to get a large loan amount or reduce tax from the bank. Such actions constitute fraud and are prosecuted.
Is it necessary to open your own office for valuation activities
How to become a real estate appraiser and is it necessary to open your own office? Experienced specialists work with a large accumulated client base, but not everyone has their own office, which is one of the advantages. Nevertheless, if the activity becomes serious, then you should open your own office, which will represent the face of the company.
The best option would be a room located in the central part of the city. Customers should find it without difficulty, parking is welcome and convenient access. Before opening, you should consider the following points:
- carrying out cosmetic repairs if necessary;
- decoration and furniture;
- organization of jobs for staff;
- availability of comfortable conditions for receiving customers.
Who is an auto appraiser?
In this world, all things have their own value, it is often difficult to derive it yourself if it comes to expensive or complex things. In this case, an evaluator comes to the rescue. What features does the specialty have and how to become an automobile appraiser?
To answer these questions, it is necessary to sort out the structure of this work in order. Firstly, it is mandatory for a specialist to have a number of mandatory documents, the same as for evaluators of other categories:
- Diploma of specialized education or the availability of professional retraining).
- An insurance policy that insures the liability of assessment activities. It is provided in almost all insurance companies.
- A certificate that confirms the membership of a specialist in an SRO.
How to become an appraiser of cars after an accident and avoid unforeseen financial losses in cases of professional error? In this matter, the appraiser’s liability insurance comes to the rescue.
An expert appraiser of vehicles after an accident in order to carry out their activities must identify damage to the car. Then analyze the cost of repair services and derive the average. Further, in the same way, the evaluator searches for the cost of the parts that need to be replaced. When conducting a price analysis, data from the Internet, mass media, and price lists of organizations are used.
How to become a traffic accident evaluator and not become a fraudster? Many people think that these professionals can earn good money on kickbacks. For example, a client asks for an increase in the amount of damage in order to receive more monetary compensation. It is worthwhile to understand that a report on the assessment is carried out by a number of verification organizations, and if it is revealed that the price has been greatly exaggerated or vice versa, then experts can be prosecuted, and at best, punished.
