What does a Home Appraiser do?
• An appraisal is an unbiased professional opinion of the value of a home and is used whenever a mortgage is involved in the buying, refinancing, or selling of that property.
• A qualified appraiser creates a report based on a visual inspection, using recent sales of similar properties, current market trends, and aspects of the home (e.g., amenities, floor plan, square footage) to determine the property’s appraisal value.
Income outlook for Home Appraiser: According to the Bureau of Labor Statistics, the median annual wage for property appraisers and assessors was $58,650 in May 2020. Your actual earnings will depend on your appraisal license level. The higher the license level, the more advantage you’ll have in the local market, and the greater control you’ll have over your fees.
View the short video for more info abt the Requirements/Qualifications/Education for Illinois!
Video Resources: Free DIYe Industry Outlook Download: https://diyeworld.com/home-appraiser-free-download/
The Real Property Appraiser Criteria-And Interpretations of the Criteria: https://www.idfpr.com/Forms/DRE/2015Criteria.pdf
Check out this site for a list of Training Providers https://idfpr.com/profs/appraisal.asp
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