Real estate investments enable those looking to make a profit from the rental or sale of residential or commercial property generate income. But, no matter the investment property type, it needs an appraiser to determine its value. This professional opinion can then be used to arrive at a purchase price for the asset.
However, as an appraiser, you must first be found by clients looking to appraise their property in order to be profitable yourself, which can be especially challenging if you are new to the industry. In this case, you need to get yourself in front of property owners and build a clientele, which can be done in various creative ways.
One creative way to do this is to use an app, such as the Driving For Dollars app, which according to Deal Machine, “helps you work smarter.”
What is This APP and How it Helps
The Driving For Dollars app enables real estate groups looking for properties in their niche to narrow their search for potential clients.
Using the app, your team simply determines a target zip code to market themselves and then sets out to identify possible leads in the area.
Once a team member has scouted a street and compiled a list of potential properties to promote your service, the app will then display his or her driving route, in real-time, to the rest of the group, so they don’t waste time scouting the same location twice.
The app also alerts you when a once not so lucrative area has now become an area of interest, so you can revisit it.
Now that you know one way to help generate leads as a real estate appraiser, let’s look at what it takes to become one:
How to Become a Real Estate Appraiser
Different states vary in their appraiser licensing and certification requirements; however, the most basic guidelines include:
Be 18+ Years Old
To become an appraiser, you must be at least 18 years old and complete basic appraisal education to become a trainee appraiser.
You must then work under the supervision of a certified residential appraiser for a set number of hours, which is determined by your state, to gain experience.
Once you have completed your training, you can then apply to become a licensed residential appraiser.
Apply for Licensing
To apply for a license, you may also be required to complete additional college-level coursework. At 360training, you can prepare yourself and eventually have excellent odds for passing the real estate license exam.
After you have qualified to apply for licensing, you will then have to pass a real property appraiser examination to submit your license application.
Pass State Exam
Once you have passed the exam and submitted your license application to become a licensed real estate appraiser, you can then perform appraisals on your own.
However, to appraise higher range properties or all properties, you must complete additional education and experience requirements to become a certified residential appraiser or a certified general appraiser.
Should you choose to work with a group as an appraiser, the app also enables you to view drive sessions for proper compensation and calculate tax deductions, which makes it easier to collaborate with others.