Is Commercial Real Estate Appraiser a Good Career?

Thinking about a career in Commercial Real Estate Appraisals? Read more to find out if it’s the perfect job for you.
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Jeff Weiner

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The Commercial Real Estate Appraisal Career

The commercial appraisal profession needs more workers! For those considering this career, here are a few thoughts.

Becoming a commercial real estate appraiser can be a rewarding career. In particular, individuals who are interested in the real estate industry, have a strong attention to detail, and analytical skills. Some potential benefits of a career as a commercial real estate appraiser include:

  • Job security: The demand for commercial real estate appraisers is likely to remain steady. There will always be a need for accurate property valuations.
  • Flexibility: Commercial real estate appraisers may have the opportunity to work independently or for a firm. Therefore, they have a degree of flexibility in terms of work schedule and location.
  • Opportunity to learn: Appraisers have the opportunity to continually learn about different types of commercial properties and markets. Appraisers find it can be interesting and enriching.
  • Good pay: Commercial real estate appraisers can earn a good salary. The median annual wage for appraisers and assessors of real estate in the United States as of May 202 is $62,450.

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Training and Testing

However, it is important to note that entering the commercial real estate appraiser career requires a significant investment of time and money. In most states, candidate appraisers must complete several hours of education. They must also pass a certification exam to become licensed. After certification, appraisers must meet continuing education requirements in order to maintain their license.

Overall, a career as a commercial real estate appraiser can be a good fit for individuals who are interested in the real estate industry, have strong analytical skills, and are willing to put in the time and effort required to become licensed.

Reference:

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Appraisers and Assessors of Real Estate, https://www.bls.gov/ooh/business-and-financial/appraisers-and-assessors-of-real-estate.htm

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