How to become a real estate appraiser in California ?
An appraiser is a professional , who finds the market value of an asset in the real estate industry . He / she cooperates with agents , sellers and investors to properly value any type of real estate property / homes .
An appraiser must be unbiased and use relevant statistics , facts , and other information to make the best out of his work .
The California Bureau of Real Estate Appraisers regulates the licensing process , by contributing to professionalism in the industry . According to the body , you should pass the following steps to become a real estate appraiser in California
The initial prerequisites are being at least 18 years old and having a high school diploma ( or its equivalent ). Hence , you will not need to obtain a particular degree to get your real estate appraiser license .
Step 1 : Complete required education
You cannot become a real estate appraiser , if you do not know the basic rules / regulations of the industry . Moreover , you must master the professional knowledge to be able to work professionally in the future .
The state of California requires applicants to complete 150 hours of required education . 75 hours of these courses should cover trainee level education , which include California state rules and regulations , principles , procedures and universal standards of professional appraisal practice .
The remaining 75 hours of the coursework should concentrate on market analysis and highest and best use , as well as sales comparison and income approaches . The courses will also cover report writing and case studies , and appraiser site valuation and cost approach .
Step 2 : Apply for an initial license
You should submit the application for an initial license to the Office of Real Estate Appraisers ( OREA ).
Step 3 : Background Check