As a North Carolina licensed real estate appraiser you may find yourself working for an appraisal firm or for yourself as a fee based appraiser in any of the dozens of cities and towns throughout the state.
Your clients may be local, such as individuals, lawyers, accountants and small banks, or national clients such as from large appraisal management companies AMCs , national lenders or government sponsored enterprises Fannie Mae.
Keep in mind, however, that many larger lenders and financial institutions may enlist only certified appraisers to complete their appraisals. The exception is if a certified appraiser accompanies you on the inspection and signs as the supervisory appraiser on the report. For most purposes you will be completing appraisals for home purchases, refinancing, divorces, estates and portfolios. A certified real estate appraiser is the second level of North Carolina state licensing for the appraisal of real property.
It is one above from licensed and one under general certified commercial. Just like as a licensed real estate appraiser, you may find yourself working for an appraisal firm or for yourself as a fee based appraiser. Your clients may be local, such as individuals, lawyers, accountants and small banks, or national, such as from large appraisal management companies AMCs , national lenders or government sponsored enterprises.
As a North Carolina state certified appraiser, you would meet the requirements of many larger lenders and financial institutions which enlist only certified appraisers to for their transactions.
For most purposes, you will be completing appraisals for home purchases, refinancing, divorces, estates and portfolios. As a state certified appraiser, you will also qualify for many in-house positions at large financial institutions and AMCs generally as a review appraiser. Although years of experience is often desired, having the state certification meets one of the basic requirements set by many employers and makes you more qualified than if you only have your license.
Check out job postings for real estate appraisers to get an idea of what positions are available, what they entail and their exact requirements and qualifications.
Working an in-house position is one of the alternatives to field work and you also get to enjoy salary pay and health benefits. The North Carolina Appraisal Board has established the minimum educational requirements for an appraisal license. The minimum educational requirements include the following: Registered Trainee.
Certified Residential - the following appraisal prelicensing courses plus an Associate's Degree or its equivalent. Certified General - the following appraisal prelicensing courses plus a Bachelor's Degree or its equivalent.
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