Real estate appraisal is a hot career because it provides solid income potential with no college degree required.
As a certified appraiser in Florida, you’ll likely earn around $54,000 per year, which is the average amount for the state. But those in the top ninetieth percentile are earning more like $90,000 per year! When you choose to work independently, you set your own hours and can unlock your income potential. But if you’d prefer stability to big bucks, you can always take a job with an appraisal firm.
As long as you are at least 18 years old, have a social security number, and have a high school diploma (or equivalent), you meet the basic requirements to be a Florida appraiser. Now you just need to follow these simple steps.
Step 1: Complete Your Education Requirements
To begin your real estate appraiser career in Virginia, you’ll need to complete 100 hours of appraisal education from a DBPR-approved Florida real estate school: 1. Basic Appraisal Principles (30 hours) 2. Basic Appraisal Procedures (30 hours) 3. Appraisal Subject Electives (25 hours) 4. National USPAP Course (15 hours) These courses will give you the foundation of knowledge needed to be successful in your new career as a Florida appraiser.
Completing your real estate appraisal education will allow you to apply with the DBPR as a Registered Trainee Appraiser You’ll just need to submit the application along with a $230 application fee and official fingerprints.
Step 2: Find a Certified Appraiser to Supervise Your Work
Registered Trainee Appraisers must be supervised by a Florida-Certified Appraiser in good standing. And you’ll need to log some serious work experience under your supervising appraiser before you can apply to be a Certified Residential Appraiser.
You’ll need to use the DBPR-approved experience log to record a minimum of 1,500 working hours over a period of at least 12 months. This experience must include a minimum of 150 appraisal reports.
Step 3: Apply to the Florida DBPR as a Certified Residential Appraiser
With your on-the-job training complete, you can make the leap from Registered Trainee Appraiser to Certified Residential Appraiser. You just need to apply to the DBPR as a Certified Residential Appraiser. This application can be a bit of a process. You’ll need to submit an application, along with documentation of your education, work experience, and fingerprinting. Don’t forget the application fee of $351.
At this point, you’ll also need to sit the National Residential Exam and the Florida Supplemental Exam. With so much education and experience under your belt, you’ll be very comfortable with the material covered by the exam. But all professional exams have some questions that are more relevant to appraisal theory than actual practice. So make sure you brush up on your theory knowledge by reviewing your old appraisal textbooks.
Step 4: Get to Work!
Once you’ve passed your test and your application has been approved, you’re officially a Certified Residential Appraiser in Florida. Enjoy your new career! And remember, this doesn’t have to be the end of your job advancement. If you ever get bored with residential appraisal, you can always move up into the more challenging work of a Certified General Appraiser, which includes commercial and industrial real estate as well as residential.
It all starts with your education. So enroll in your Florida real estate courses today and get ready to launch your new career!