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Currently, 75% of real estate agents and 97% of propertyappraisers in the U.S. Concepts like getting a mortgage, taking out a line of credit, buying and selling a property and becoming a landlord are rarely part of classroom discussions or dinner-table conversations, unless your family happens to be in real estate.
I was first trained as a scientist, starting with my high school biology class. I have always been a professional appraiser since I started in 1975, trained at an assessor’s office to do what is in this article. I hate the word “industry” when applied to appraisers. After graduation, I worked in labs for 7 years.
Individual investors may employ the sales comparison approach to establish an asking price for a property. When it comes to qualifications, commercial appraisers undergo additional training and require more experience than residential appraisers in order to obtain these credentials.
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