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The money isn't reasonable for appraising. You are paid per appraisal, and the AMC will take 30-50% of that fee as a middleman. To even get to the point where y
by ryathal 5y ago
The money isn't reasonable for appraising. You are paid per appraisal, and the AMC will take 30-50% of that fee as a middleman. To even get to the point where you can make money as an Appraiser you need to be certified based on state level requirements. For my state
-154 hours of classes ($1000+)
-get initial license ($160)
-1,000 hours logged as a trainee of an appraiser (so anyone teaching loses money to pay a trainee or you work for free)
-apply ($35) to take and pass a state exam ($126)
- get full license ($175)
So it takes at least $1,500 and at least 6 months to even start making money. Then many appraisals require actually entering the home and taking pictures or a drive by, so there is massive amounts of travel on top of the paperwork. It's way more detailed than just picking a number for price based on X reasons, and anything that is inaccurate is on you to fix as part of the original fee.