ReReal Estate Appraisal

The Knoblock School is authorized by the Georgia Appraisers Board to provide pre-license, classification training, and continuing education for real property
appraisers.

To become an appraiser, you must complete 90 hours of training covering the principles, procedures, report writing and the Uniform Standards of Professional Appraisal Practice.  Upon successfully completing these courses and submission of an application to the state, you can become a Registered Appraiser.  Students are encouraged to find a mentor prior to signing up for the class.

Real Property Appraisal Pre-license Course

The course is broken down into four phases:

Cost is $ 800, due prior to class, books are included.   

Appraiser Classification Instruction

For those classified after July 1, 2005, and everyone after December 31, 2007:

Certified Residential Classification :  30 hours required; these are CR approved courses:

Certified General Classification; 60 hours are required; these are CG approved courses:

What you need to know before you begin: 

In order to become an appraiser, you must complete a total of 90 hours of pre-license coursework, and then you must work with a “mentor” appraiser.  This supervisory appraiser will accompany you on your first 20 appraisals, and will continue your education after that point by supervising your work and signing your appraisals with you until the minimum of your completion of 2,000 hours of appraisal work (usually one to two years).  At this point, you may take the State examination to become Licensed, whereby you can complete and sign solo most types of residential appraisals.  Unlike real estate salespersons, who take the State licensing exam immediately after their pre-license course, appraisers CANNOT take the licensing exam prior to completion of 2,000 hours of appraising.

You may wish to advance in the profession to reach Certified Residential or Certified General status.  Both of these certifications require additional experience hours and education courses.  Certain types of appraisals require a minimum of CR or CG status.
While you are working with a supervisory appraiser, you will usually be working as an independent contractor, which means that you can work for more than one appraiser at a time, you are responsible for paying your own income taxes and retirement taxes, and you will probably not have paid vacation or leave time.  You should expect to be paid for the appraisal work that you do during this training time, but keep in mind that as a “newbie,” you will take up a lot of the supervisor’s time, along with a portion of the fees he or she would have earned in full without your “help.”

Earning potential as an appraiser is much like any entry into any new profession—it usually takes time.  The potential exists to earn six figures, but that generally comes at the highest levels of the profession, with newcomers beginning closer to $12,000 to $20,000 in the earlier years, depending upon a wide variety of factors.

Overview of the Appraisal Profession: 

Almost every sale of a home—or commercial or industrial property, for that matter—requires the services of a real estate appraiser.  Usually engaged by a lender, a real property appraiser assesses the value of a property and highlights any observable defects. That way, the lender can be assured the property is worth at least as much as the loan amount.
Appraisals also are used for tax assessment, government acquisitions of private land, property disputes, valuing estates, insurance valuations, and proposed business mergers or closures.  Appraisers tend to specialize in either residential or commercial valuation work.
Although most appraisers work independently or run small firms, some hold full-time positions with banks, real estate firms, insurance companies or local government.