How to Get Started in the Real Estate Appraisal Business

by Nahorney, Dan; Lankarge, Vicki

• ISBN13: 9780071463232
• ISBN10: 0071463232
• eBook ISBN(s): 9780071487078
• Edition: 1st
• Format: Paperback
• Copyright: 2006-04-03
• Publisher: McGraw-Hill Education

Summary

Your step-by-step guide success as a real estate appraiserReal estate appraisers are in high demand and top earners can make a bundle. Whether you seek a full-time profession or a flexible part-time job,How to Get Started in the Real Estate Appraisal Businessprovides all the inside information to start making money, now.Add value to your career as you: Prepare for the tests and get licensed Find a mentor to help you get on your feet Choose between residential and commercial appraising Drum up business with proven networking and marketing techniques Make top dollar as an analyst Acquire the continuing education you need for long-term success Choose between residential and commercial appraisingThis handy guide also includes a glossary of vital terms, sample appraisal forms, and coverage of important licensing and legal regulations. Full of actionable advice, step-by-step guidance, and real-world insight,How to Get Started in the Real Estate Appraisal Businessgets into the business-and heading to the top.

Author Biography

Dan Nahorney is an expert on real estate, the coauthor of How to Increase the Value of Your Home, and a journalist, business writer, and magazine editor.

Table of Contents

Foreword	vii
Acknowledgments	ix
Introduction	xi
Part 1: Looking in at the profession	1	(18)
1 A five-step process	3	(4)
2 So, you want to become an appraiser	7	(12)
Work to smooth out the cycles—a conversation with Richard Powers	15	(4)
Part 2: From outsider to trainee	19	(30)
3 Courses you'll need to get started	21	(8)
It's a family tradition—a conversation with Jack Miller	25	(4)
4 It's time to find a quality mentor	29	(8)
Find a quality mentor—a conversation with Frank O'Neill	33	(4)
5 A day in the life of an appraiser	37	(12)
Get into the business now a conversation with George Dell	45	(4)
Part 3: Choosing a direction	49	(46)
6 Will that be residential, commercial, or both?	51	(14)
A fast market in a fast city—a conversation with Julie Burkart	60	(5)
7 Becoming an analyst	65	(14)
Opportunities abound for appraisers—a conversation with Bruce Kellogg	75	(4)
8 Become the appraiser everyone wants to hire	79	(8)
A unique market—a conversation with Dave Munsell	82	(5)
9 You've made it!	87	(8)
A great profession for women—a conversation with Anne Johnson	91	(4)
Part 4: External forces changing the profession	95	(30)
10 Appraisers play key roles in society	97	(8)
Right from the start, real estate was for him—a conversation with Mark Pomykacz	101	(4)
11 AVMs—how big a threat?	105	(8)
Find a niche—a conversation with Doug Smith	109	(4)
12 Staying in or getting out	113	(12)
Making the balancing act work—a conversation with Jeff Grendysa	121	(4)
Part 5: Appendixes	125	(92)
Appendix 1 Who sets the Rules?	127	(8)
Appendix 2 Competency Rule	135	(4)
Appendix 3 Ethics Rule	139	(6)
Appendix 4 Outlines for introductory courses	145	(4)
Appendix 5 Licensing changes coming in 2008	149	(4)
Appendix 6 Residential appraisal forms	153	(34)
Form 1004 Uniform Residential Appraisal Report	154	(6)
Form 2055 Exterior-Only Inspection Residential Appraisal Report	160	(6)
Form 1004c Manufactured Home Appraisal Report	166	(7)
Form 1073 Individual Condominium Unit Appraisal Report	173	(6)
Form 1025 Small Residential Income Property Appraisal Report	179	(8)
Appendix 7 Where to reach for help in the United States and Canada	187	(4)
Appendix 8 Local appraiser regulations	191	(6)
Appendix 9 Glossary of real estate appraisal terms	197	(20)
Index	217