Home inspectors are responsible for discovering needed repairs and determining the value of a home.
A home appraiser is responsible for reviewing a home that is placed on the real estate market in order to determine its value. As an appraiser you will determine the current condition of a home, the type of neighborhood the home is in and whether any repairs must be done to the home. Normally an appraiser is hired by a lending company, and in the state of Texas you are required to undergo specific training and obtain licensing before you can begin to appraise homes.
Instructions
1. Find an appraisal sponsor that is a general or residential certified appraiser through the Texas Appraiser Licensing and Certification Board (TALCB) if you have no experience as an appraiser. In order to find a certified appraiser in your city, check with the TALCB Appraiser List, (Reference 2). Contact as many appraisers as necessary until you have found one that is willing to sponsor you. If you have experience in the real estate industry, view the Reference 3 to see if your experience qualifies you for a license.
2. Sign up at an appraisal training school, such as the Champions School of Real Estate (Reference 3). The Texas Appraiser Licensing and Certification Board states that you must undergo a total of 75 hours of training in three main courses, which include: Basic Appraisal Principles, Basic Appraisal Procedures and the National Uniform Standards of Professional Appraisal Practice (USPAP). This training package is available at the Champions School of Real Estate, and as of 2010 the price for this training was $771.
3. Submit the Appraiser Trainee Application (Reference 4), after you have completed your appraiser training courses. As of 2010, this application requires you to have the signature of your certified appraiser sponsor as well as a $150 fee. This application can take up to 15 business days in order to be processed. After the TALCB has approved your application, your appraiser trainee authorization license will be mailed to your sponsor's office.
4. Work as an appraisal trainee with your sponsor for at least two to six months to gain real-world experience in the field. The TALCB requires you to record all your work experience in the Appraisal Experience Log, which can be found at the TALCB website. Submit this log to the TALCB when you apply to become a state licensed or certified appraiser.
5. Upgrade your status from trainee to state-licensed appraiser after you have gained several months of experience with your sponsor. You must take an additional 75 hours worth of training in the following courses in order to apply for the appraiser license: Residential Market Analysis and Highest and Best Use, Residential Appraiser Site Valuation and Cost Approach, Residential Sales Comparison and Income Approaches and Residential Report Writing and Case Studies.
6. Fill out the Application for Appraiser License (Reference 4). This application can only be submitted after you have undergone the additional training outlined in the step 5. As of 2010, you must include a total of $335 with this application ($285 to obtain your license and $50 for the national registry) and include your Appraisal Experience Log sheets. The TALCB will inform you whether or not your application was approved within 20 business days. Your license will be mailed to you, and you will be able to legally appraise homes in the state of Texas.
Tags: certified appraiser, after have, your sponsor, Appraisal Experience, appraise homes
