Episode 120 - Should an Appraiser be a Licensed Agent?

Being agent could give the appraiser a much needed perspective that would be beneficial in the valuation of property. Seeing what buyers and sellers are doing in the market can be invaluable to providing credibility to an appraisal report. You don’t have to sell homes to get a perspective that will set you apart from other introverted appraisers that are stuck in their own bubble.

 

SHOW NOTES

• 04:05 – Should an appraiser be a licensed agent? Yes, but hear me out.
• 05:10 – The appraiser’s job is to mimic what a buyer would do in the market.
• 07:10 – An appraiser doesn’t have to sell real estate to have their hand on the pulse of the market.
• 08:15 – Being an agent can provide a broader picture. The lens is more focused to be a better appraiser.
• 09:05- Prior to 1989 there was no such thing as an appraisal license. Real estate brokers were the appraisers.
• 11:25 – Big benefit to having a real estate license.
• 13:25 – Pointing the finger to agents too…take an appraisal class.

 

SHOW LINKS

• Real Estate Class – indianarealestateinstitute.com

 

BETWEEN THE LINES LINKS

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