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Appraisal management company for appraisers. AMC is the best for appraisers in oregon. AMC directory list of all amc's nationwide. Comprehensive directory list for every state to sign up for appraisal management lists.
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Become an Appraiser
Why
How
Now!
become an appraiser ?
to become an appraiser ?
- Is now a good time to become an appraiser ?
Become an Appraiser
Why Become an Appraiser?
Would you like:

to work from home?

to make your own hours?

enough money to buy the things you've always wanted?

a great career that doesn't take 4 years of college to obtain?

to make over $100,000 per year?

Appraising is a great career that allows you to work from home, make your own hours and bring in the kind of income that you have always dreamed of.  I comfortably make over $100,000 per year, but in my biggest year I made almost $250,000.  Is it still possible to earn that amount of money now?  Absolutely, but when I was earning over $200,000, I was putting in more hours than I really wanted.  It is now more important for me to spend time with my wife and 5 kids.
When I was looking for a new career, I definetely did not want to go back to college, mainly because I didn't want to have a full time job supporting my family and go to school at night.  It was, and is, important to be with my family as much as possible.
How to Become an Appraiser?
There are several steps in becoming an appraiser.
  • You must get some education through a local college, trade school or online school.
  • You must go through the application process which includes a background check.
  • You must accumulate 2,000 hours of experience under a licensed appraiser.
  • You must pass a state or national exam, depending on what state you are in.

Although every state has different educational requirements, they all require basic appraisal education through either a college, trade school or online school.  (check your local Appraisal Board for your states requirements). 
The fastest and easiest option in an online/correspondence course, which you can complete within a couple of months, on your own schedule, and isn't too expensive.
Several great options are Allied Schools (where I went) or McKissock. 
The application process is staight-forward and requires an FBI check and fingerprinting.  Most states require an application fee of about $350-$450 (approx.).
The next step can be either the easiest or hardest depending on your situation.  Finding a mentor can take some time, unless you know someone.  Be persistent and be willing to go solicite your own jobs.  When I was originally looking for an appraiser, I started off by doing some computer work for him for $10/hr.  When I started working on some appraisals, I was given a 40% split (I got the 40%).  As I improved, gained more knowledge, and didn't ask questions every 5 minutes, I moved up to a 50% split.  Always remember to appreciate a mentor and the amount of time it takes to properly train a new appraiser.  I eventually worked up to a 90% split until I finally went out on my own.  The process took me about 2 years, although it can go faster.
The final step is to take the state exam.  Most trade or online schools have prep materials for you to study in order to pass.  A few of the schools even offer to pay for the subsequent tests if you don't pass the first time.
Is Now a Good Time to Become an Appraiser?
Now is a great time to become an appraiser.  Right now, any loans that are backed by either FannieMae or FreddieMac (and soon FHA) have to be ordered through an Appraisal Management Company.  The best solution, and easiest, is to order an AMC List that contains most AMC's, including those owned by the major banks, such as Bank of America, etc...
Your other chunk of work will come from independent entities such as law firms, CPA's or independent banks that fund their own loans.  As long as the loan or transaction is not backed by FannieMae or FreddieMac, they can still order appraisals directly from you.
Check out our marketing page to find out more about Marketing Your Business.
There is plenty of work to be had, but you have to go about it the correct way.  In a recent meeting of local appraisers in Southern California, a representative from the Office of Real Estate Appraisers (OREA) stated that during this current year, over 5,000 appraisers have stopped performing appraisals.  Most of the people that I know that have stopped appraising did so because of lack of work.  The work is there, but they were unwilling to do what was necessary (some basic marketing) to expand their business.  Statistics show that most appraisers are signed up for less than 12 AMC's.   Put the work in and reap the benefits.  The money is there to be had!