How to Become a Real Estate Appraiser in Georgia

 

To get started as a real estate appraiser in Georgia, you must first obtain a Registered Appraiser classification.

 

Real estate appraisers inspect and take measurements of real property (land, homes, apartments, office buildings, etc.) in order to arrive at an accurate value of the property.

In any real estate transaction that needs a loan, a real estate appraisal will be required by the bank or lender. This includes purchase as well as refinancing transactions.

Consequently, there are many career opportunities for real estate appraisers in active real estate markets.

Real estate appraisers can be self-employed and work for themselves or they can work for mortgage firms, banks, lenders and government agencies.

 

Here's what you need to know to become a real estate appraiser in Oregon:

1) Real Estate Appraiser Licensing Requirements in Georgia

2) Real Estate Appraiser Job Duties

3) Income Potential

4) Georgia Real Estate Appraisal Schools

 

How to Become a Real Estate Appraiser in Georgia

 

1) Real Estate Appraiser Licensing Requirements in Georgia

In Georgia, real estate appraisers MUST be licensed by the Georgia Real Estate Appraiser Board. 

 

To obtain classification as a Registered Appraiser, you must:

 

 

After receiving a minimum of 2000 hours of appraisal experience in no less than 2 years, you may apply to become a Licensed Residential Appraiser. There is a $120 application fee.

There are 3 levels of real estate appraiser licensing in Georgia:

 

 License Levels Education Requirements Experience Requirements Exam Scope of Practice
State Licensed

Real Property  Appraiser

A minimum of 105 hours of required appraisal  education , with 30 hours in residential and 15 hours on USPAP. Minimum 2,000 hours of acceptable appraisal experience over at least 2 years. Must pass the AQB approved residential examination. May appraise non-complex 1-to-4 unit residential property up to a transaction value of $1 million, and commercial properties up to $250,000.
State Certified

Residential Real Property  Appraiser

A minimum of 120 hours of approved appraisal  education, with at least 15 hours on USPAP. Minimum 2,500 hours of acceptable appraisal experience over at least 2 years. Must pass the AQB approved certified residential examination. May appraise all 1-to-4 unit residential property.
 State Certified General Real Property Appraiser A minimum of 180 hours of approved appraisal  education  and 15 hours on USPAP. Minimum 3,000 hours of acceptable appraisal experience, over at least 30 months. Must pass the AQB approved certified general examination. May appraise all types of real estate.



 

NOTE: Education, Experience, Testing, and Continuing Education are subject to change based upon criteria established by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation

 

 

2) Duties of Real Estate Appraisers

A real estate appraiser's job is to estimate the value of real property. Real property consists of land, buildings, and even natural resources such as water, oil, or minerals.

The estimate of value is known as an appraisal. A real estate appraisal is made when real property is bought, sold, assessed, taxed, condemned, insured, or mortgaged.

A real estate appraiser's job duties also include:

 

 

3) Income Potential in Georgia

The 2003 median annual salary of Real Estate Appraisers in Georgia was approximately $34,700/year.

Salaries ranged from $22,000 to over $60,000 per year.

 

 

4) Real Estate Appraisal Schools in Georgia

If you are interested in becoming a real estate appraiser in Georgia, you will need to take classes that are approved by the Georgia Real Estate Appraiser Board

School status may change so please call them at 404.646.3916 prior to signing up for classes.

 

Real Estate Appraisal Schools in Georgia:
   

AMERICAN SOCIETY OF REAL ESTATE APPRAISERS

(404) 252-4747

 

APPRAISAL INSTITUTE - ATLANTA AREA CHAPTER

(770) 803-0024

 

BAILEY ACADEMY OF REAL ESTATE, LLC

(678) 419-0300

 

BARNEY FLETCHER REALTY U

(770) 850-9090

 

GEORGIA INSTITUTE OF REAL ESTATE

(800) 633-3583

 

LEE & GRANT COMPANY

(770) 394-2118

 

A TO Z SCHOOL OF REAL ESTATE

(706) 790-5800

 

 

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