How long does it take to become a real estate appraiser?


Quick Answer

To become a real estate appraiser, while it varies from state to state, individuals must take around 75 hours worth of classes, and then work with a mentor for over a year before the mentor signs off on the appraiser's work. Trainees must work at least 2,000 hours with the mentor, but they are not permitted to complete this amount of work in under a year.

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Full Answer

Real estate appraisers assess the value of real estate and all of the buildings on that land before it is sold or mortgaged. Appraisers are required by the United States to hold a real estate appraiser's license, which is acquired through taking classes and passing a test. After obtaining the license, an appraiser works with a mentor who will continually teach them nuances of the job until the mentor feels that the trainee is ready for the job.

Real estate appraisers spend the majority of their time traveling around to different properties. The amount of education and expertise that is required of an appraiser depends on the types of properties they are appraising. For instance, appraisers for highly developed commercial properties require much more experience than appraisers for common residential areas. According to the Bureau of Labor Statistics of the U.S. Department of Labor, in 2012 the mean pay of real estate appraisers was $49,540 per year.

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