Infotipsnews.com – Read How to Become a Real Estate Appraiser in Florida Based on the Classification. The real estate market in the USA still sees an increase of 20.9% per March of 2022. Florida recorded the highest growth, up to 31.4% among the states. Therefore, this makes people willing to learn how to become a real estate appraiser in Florida.
Hence, being an appraiser means entering the scene of the real estate market. This job offers an opportunity for getting a high income, then at the same time also has a flexible time schedule.
Overall, being an appraiser in real estate is promising. Because aside from the mentioned benefits above, there is also the fact that you can start a business with a lower cost. Also, there are di but why should in Florida?
There are reasons why people are interested and looking for how to become a real estate appraiser in Florida. This is because:
- Metro areas along Florida’s Gulf Coast increased in price rapidly. Thus, the area will always be in hot bargain and people willing to get property there.
- Florida is known for being low cost among the other states. So, many people are leaving their homeland and moving to Florida.
- This state has a zero tax income and low property tax.
- Numerous world-class just-next-door entertainment, i.e. the World Disney.
- Multicultural neighborhood that will welcome anyone from anywhere.
- Ditch snow when winter is coming.
Due to those conditions, many will be looking for real estate and along with that looking for an appraiser. Therefore, your chance to become an appraiser for real estate in Florida is still big.
There is no special education background to be a real estate appraiser. But you still have to finish specific classes and pass the state required test in Florida. Further, here are how to become a real estate appraiser in Florida based on the classifications:
To be a trainee appraiser, you do not have to have a special education background. As long as you graduated from high school and are 18 years old already, you can become one.
Then, you also should have a Social Security Number (SSN).
Aside from those requirement, you should also do:
- Submit your application to the Florida Real Estate Appraisal Board.
- Complete 100 hours of class and 3 hours course from Florida Laws and Rules for $230. You should finish these courses in 5 years at maximum.
- Take a test and pass it from the board through the approved appraisal school to get your license as a trainee appraiser.
- Work under a certified appraiser as your supervisor, you can at least have two supervisors at the same time. One will be your main supervisor, while the other will be a secondary supervisor.
Become a trainee appraiser, you can also inspect and conduct an appraisal report. But all of your work should be appointed and closely watched by your supervisor. Thus, the amount of your working hours will be under your supervisor’s mercy.
Being a trainee appraiser should not stop you on how to become a real estate appraiser in Florida. Becoming a trainee is only the first step in your career as a real estate appraiser.
The second stage in the real estate appraiser hierarchy is by becoming a residential appraiser. If you hold this position as your job title, you are entitled to work with residential property that value up to $250k without any supervision.
Further, you can even open your own business and work under no one. Thus, to obtain this title as a residential appraiser, here are what you have to do:
- Just like becoming a trainee appraiser, you have to be older than 18 years old and obtain your SSN.
- Register to the Florida Real Estate Appraisal Board to be a residential appraiser in the state.
- Undergo training and finish 2500 working hours and write 150 reports at minimum. Also, at least you have been a trainee appraiser minimum 24 months already.
- At least, you have a bachelor degree and finish 200 hours of class from the approved real estate appraisal school with more or less $360.
- Aside from the Florida Supplemental Exam, you should also pass the National Residential Exam.
The highest hierarchy in the real estate appraiser scene is to be a general appraiser. With this title, you can personally conduct a work for property with value from $250k up to $2 million.
What varies the general appraiser from the residential appraiser is the building’s purpose that you work with. If a residential appraiser can only conduct an appraisal for a residential building only, then the general appraiser can work for a commercial building too.
Not to mention, the value of the building has a huge difference. Surely, this will affect the income that you will earn later. Thus, to be one, you have to be:
- At least you are 18 years older and older and also have an SSN.
- Apply for the general appraiser position to the Florida Real Estate Appraisal Board.
- You have to obtain a minimum bachelor degree and complete 300 hours of class from an approved appraisal school for $360.
- You should have 3000 hours experience in a minimum of 30 months. But half of that hours (1500 hours) should be in commercial or non-residential appraisal experience.
- Also, within those 30 months you have to submit 23 summary reports in residential or 12 summary reports in non-residential narrative. At the same you should also submit 135 non-narrative reports for support.
- Last but no least, you should also pass the state test.
Bottom line, getting certified is the best way to become a real estate appraiser in Florida. Hence, you only have to follow the request and get yourself $54k to $90k per year. Surely your salary will increase as you store experiences under your belt.
Further, being a real estate appraiser will make you the very first person to get the information about the area’s development. Also, although you can work under a firm, you can also hold your individual practice and make your own working hours.