Real Estate Appraiser

May 02, 2007

A reader from California writes:

Person who tells the bank what your house is worth

$$: $50-$75K working for a bank as a staff appraiser; but $150K+ if you open up your own shop and hire lots of trainees to do all the grunt work

The upside: A month of online schooling and a 125 question multiple choice test set you on your way to making $$$; once you have the trainees trained you can sit on your ass all day checking emails and making phone calls to get more business. The sky is the limit if you know how to run an office and organize schedules well.

The downside: 50,000+ miles of driving PER YEAR if you do all the work yourself, lots of alone time spent in said car, government organization OREA breathing down your neck every time a bank disagrees with your opinion of the house value, carpel tunnel syndrome by 30

The dark side: Getting yelled at and/or threatened by retarded, inbred, incredibly rude loan officers for having a property's value cut by a bank when you as the appraiser have ABSOLUTELY no control over what a bank does to a property's value; also the potential to accidentally get sucked into a "gray area" financial scam is out of your control

Readers, what do you think? Is this a bulls**t job?

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