The barriers to becoming a certified appraiser could lead to shortages in the field in the reasonably foreseeable future, which could eventually create a smaller pool of appraisers to call on for a valuation.
Employment of appraisers and assessors of real estate is expected to grow 7% from 2010 to 2020, slower than the average for all occupations, according to the U.S. Department of Labor and Statistics.
Certification generally requires college-level education and extensive apprentice work.
The Appraiser Qualifications Board (AQB) of The Appraisal Foundation establishes the minimum education, experience and examination requirements for real property appraisers to obtain a state license. Currently, experience requirements for the Certified Residential and Certified General Classifications are 2,500 hours and 3,000 hours of apprentice work, respectively.
Those who achive certification level have fulfilled rigorous education and experience requirements and must adhere to strict standards and professional ethics.
For Residential and Commercial Real Estate Appraisals please contact: James Hanson Associates Phone: (609) 884-9185 Email: Info@AppraiseNewJersey.com