If you relocate, are the license qualifications different for every state? When starting out, should you choose a state where the real estate business is booming? Which states would this be - Florida, California ... ? Thanks.
The colleges are most of the time all of the equal, they coach you path paintings in an effort to go the scan. The wrinkle on fitting an appraiser is the mentorship application that's required. Many persons graduate from institution, however then are not able to discover a licensed appraiser to do their required apprenticeship beneath, and all that institution used to be vain. In many locations, the present appraisers don't wish the further pageant, so they're hesitant to mentor others. This isn't effortless or quick, in so much locations, the institution is a number of months, the apprenticeship is a 12 months. The HVCC and AMC's are wreaking havoc at the Appraisal enterprise, this often isn't the excellent time to take into account making RE appraisal a profession option.
Real estate appraising is a good field to be in. It really doesn't matter what the market is doing---If sales are slow, then typically refi's are up, and both need appraisals. Estate appraisals and divorce appraisals are also common. The qualifications do vary from state to state, however some states have reciprocity with each other (usually in a close radius). In most states you will have to train under a licensed appraiser for a period of time, and I would suggest doing that now (even if only for a few hours a week for little or no pay), that will give you a taste of the business and you will find out if it is right for you.
Probably nowhere right now, since the market is tanking. Further, since you dont have any experience, in about a year or so, when credit tightens, no banks are going to want to accept appraisals from rookies (people with less than 10 yrs experience). Unless you have a degree in R.E. Finance, I would try another profession.
I know the license tests are different for every state but as for a booming real estate I don't know about california but here in Florida its tanking FAST! High property taxes, overpriced homes and insane insurance rates are scaring off pretty much everyone now. When you start out don't expect a quick buck right off the back the average time is anywhere from 3 months to 9 before you get your first big commission check. Start off with a well established firm and do your best. .
