Appraisal Frequently Asked Questions
How long does it take to become an appraiser?
You will take several weeks of necessary courses to prepare you for this career. After you have completed your basic courses, you will work with an established appraiser as their apprentice for up to a year and continue to take courses until you have obtained the necessary number of experience hours to take the required appraisal licensing exam.
What's an average work schedule?
As an appraiser, you may choose a traditional 40-hour-per-week job working as a staff appraiser for a real estate agency, financial company or government agency. You could choose to work as an independent fee appraiser working on a contract basis, allowing you to determine the number of hours you work each week. The more you work, the more successful you will be.
How much money can I make?
Appraisal will offer you control over your income and nearly unlimited earning potential. You may choose to hold a salaried position, such as with a government agency, real estate agency, or financial company or you may choose a position which pays you per appraisal. You can make between $100 and $350 or more per appraisal depending on the overall size or value of the property being evaluated. The more appraisals you complete the greater your income.
Where can I get more information?
There are many resources available to assist you in your decision to become an appraiser. To find out what’s best for you, we recommend calling to speak with one of our career specialists at (480) 946-5388, or you can visit one of these Web sites:
- Arizona Department of Financial Institutions
- National Appraisal Foundation
- Bureau of Labor and Statistics