Appraising’s Secret to Success

I’ve been closely associated with the real estate appraisal industry for more than 20 years. I’m not an appraiser but I’ve been connected to and know many appraisers as co-workers, associates, clients, and/or friends. I’ve watched this relatively small, close-knit community survive major changes in the market and industry, and still maintain thriving businesses. Appraisers seem to have limitless hope; they are dedicated to the profession and seem to truly enjoy their work.

So what keeps appraisers loyal to this extremely challenging profession? I believe it’s their work ethic—their consistent interest in doing quality work, improving their skills, and improving the profession as a whole.

These folks get involved in real estate appraisal associations (nationally and locally); they study government affairs; they stay up to date on technology and other services available. Most importantly, they all place a great deal of emphasis on education in order to achieve success in their career—not because they have to satisfy state requirements or achieve a professional designation, but because they truly want to learn and keep informed on appraisal skills, techniques, changing regulations, new technology, and more.

The key to success in this profession seems to be education and involvement. There are many real estate appraising education providers out there. I’m biased to the Appraisal Institute because of my past association with it, but there are many equally stellar programs.

I would encourage young appraisers to take it all in: focus on quality work by getting involved, take an active role in the profession, and take advantage of continuing education opportunities though programs, seminars, webinars, and conferences. That’s the recipe for success that has seemed to work for the folks I know. I’m sure it will work for you too.