Real estate appraisal or property valuation or land valuation is the all process of valuing real property.
Fact:
Real estate appraising is the best job in the world. You'll hear that from not only appraisers but those wanting to become an appraiser. Appraising utilizes your personal skills, math skills as well as your detective skills into a career where most appraisers are their own bosses. It can also give you free time to spend with the family by letting you set your own hours. But how to get started ? Here's how.
Steps
- 1First, check with your state's licensing board to see how you can obtain a 'trainee' license (eg in Tanzania the trainee licence obtain at ARDHI UNIVERSITY) Find out the list of classes or requirement you must take to get to this first step. Then find where local or on-line schools are that give classes for your trainee license if your at Tanzania go to ARDHI University and study the course know as Bsc in Real estate finance and investment or Bsc in Land Management and Valuation.
- 2Next, work towards obtain your trainee license. This is usually done by taking classes and passing a test, and/or having some experience in appraisal work, join in some real estate society or group like Real Estate Finance and Investment Societ (REFI)
- 3After getting your trainee license or degree, find an appraiser who can be your mentor. You'll need a 'supervising' appraiser to teach you the tricks of the trade and to help you with your experience hours that you'll need to complete. You may need two or more 'supervising' appraisers to help you on your journey. Work with a supervising appraiser who lives near you, as you'll have to spend time with this person in actual 'hands on' experience. Finding a supervising appraiser to help you will be the toughest part of the job, but it will be worth it. You'll need a supervisor though to sign all of your work as a trainee. You can also find a supervising appraiser before getting your trainee license, like a friend or relative or who is already a working appraiser. You can also go to reputed real estate company in Tanzania.
- 4Get a trainee job at a real estate appraiser's office. This is one of the best ways to see if you really like appraising and to find out what appraising is all about.
- 5Get a trainee position at a bank. Most Banks of all sizes in Tanzania they hire trainee appraisers who have obtained their trainee licenses/degree right off the street. It's a great way to get paid and get an education at the same time.
- 6Network. Do what you can to work with or for other older and experienced appraisers in your area. Give them an incentive to hire you.
- 7Find a loan broker you can work with to obtain work. Since most of our work is for a bank loan, find the people giving the loans and talk to them. A good relationship with a loan broker will go a long way.
- 8As a trainee, your pay will be minimal until you obtain your normal license. It may take many months, but hang in there !
- 9Get your real estate sales license even if you do not intend to work in sales. Your sales license may be needed to obtain MLS data for your appraisers, and it can't hurt.
Become A Certified Appraiser
All individuals seeking to become a Certified Appraiser in real estate board such as TIVEA in Tanzania must successfully complete a minimum of requirement in approved hours of education, experience hours and pass an examination administered by the jurisdiction awarding the credential.(Next chapter hudoanalyst will give you tips on how to registered in real estate board and employ your self in your own Real estate Company)

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