Appraiser - what kind of profession?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

According to statistics, this profession is among the thirty most promising and profitable in the world. In the prestigious ranking takes 7th place. It is believed that it is guaranteed to retain such positions in the next 15 years. What is it about, what profession? This is a property appraiser. In the article we will analyze the features of such employment, the duties of a specialist, the requirements of employers for him. Additionally, consider how to become an appraiser.

Who is this?

An appraiser is a specialist who determines the real ownership of any property, property (real and movable, material and intellectual). His field of activity is land and residential buildings, shares and intangible assets, business shares and property rights. Hence, employment is usually divided into two categories:

• Real estate and equipment appraisers.
• Appraisers of business shares, intellectual property.

In its activities, the appraiser primarily relies on legal and regulatory state acts, international and Russian standards and methods of appraisal activity. You can not do without knowledge of tax and customs legislation. Importantadherence to business ethics, the ability to negotiate. In our age, one cannot do without impeccable possession of computer equipment, smart devices, applications and programs necessary for operation.

Today an appraiser is a fairly common and highly demanded speci alty. The work of a specialist is necessary in the following cases and situations:

• Declaration of insolvency/restructuring of the organization.
• Selling, buying, allocating a stake in a business.
• Securing a bank loan (collateral).
• Registration of intellectual property rights.
• Operations in the securities market.
• Investment business.
• Conclusion of insurance agreements.
• Seizure of tangible property.
• Compensation for damages, etc.

Register of appraisers

As you can see, the activity of the appraiser is directly related to the handling of the client's personal information. Therefore, it directly follows from here that such a task should be entrusted only to a trusted specialist who will not use the data received for personal purposes.

But how to find such a person? Registers of appraisers come to the rescue, which make up self-regulatory organizations of representatives of this profession. For example, the "Russian Society of Appraisers", "Expert Council", "Community of Appraisal Professionals" and so on. Rosreestr also presents a consolidated list of accredited appraisers, compiled on the basis of data received from the aboveassociations.

A specialist with a spotless reputation, recognized by colleagues, who has justified the trust of many clients, can get into this list. It is possible for such a professional to disclose personal or secret information without fear that he will use it for personal gain.

Main responsibilities and risks

You have completed appraiser retraining courses. What's next? We list the main duties of a specialist:

• Collecting the necessary information for a professional property valuation.
• Conducting independent and self-assessment of property.
• Interaction with the client, a full consultation on the issue of interest to him.
• Preparing reports that explain a particular property valuation.

The above are the main responsibilities of any appraiser. Additional ones depend on the field that he has chosen as fundamental for his work. For example, valuation of cars, real estate, land, etc.

Successfully passed by the evaluator exam does not guarantee the fact that the further activities of the specialist will be purely error-free. This is the main risk. Namely - to present an inaccurate or incorrect assessment of the property. A mistake not only stains reputation and breaks a business career. The appraiser will have to pay material compensation to the injured person.

Related professions

An appraiser is an occupation that can and should be combined with something else in our economically unstable agetype of activity. It is realistic to become appraisers by completing special retraining courses if you have one of the following speci alties:

• Re altor, real estate agent.
• Auditor.
• Banker.
• Analyst.
• Economist.
• Tax inspector.
• Lawyer.

Requirements for an appraiser

Successfully completed training and passed the exam with excellent marksmanship is, of course, a fundamental requirement. In addition to it, the main ones include the following:

• Higher specialized education. Or a retraining document.
• Having work experience in the speci alty.
• Excellent PC knowledge.
• Membership in a self-regulated society of appraisers (availability of an appropriate certificate, insurance).
• Experience both in self-compilation of assessment reports and their coordination with auditors and banks.

There are additional requirements that some employers have:

• Having a driver's license (category not lower than B).
• Diplomas on passing specialized (specifically on cars, real estate, etc.) courses, seminars or trainings.
• The opportunity to travel on business trips.

Personal qualities of a specialist

An independent appraiser must have the following qualities:

• Be easy to learn.
• Be prepared to absorb large amounts of information.
• Be able to structure, analyzeinformation, compare data, highlight the essence.
• Have a range of skills to find new information necessary for the activity.
• Be clear, concise and specific.
• To be able to quickly make serious decisions in a strict time limit, with a lack of information.
• Be both capable and responsible.
• Striving for continuous professional and personal improvement.

Getting an education

How to become an appraiser? The future specialist has two ways:

1. Get a specialized education. Although the speci alty is widespread, few universities train appraisers. Suitable related specializations are: "restoration", "metrology, standardization", "small business management", "production manager", "land technology and vehicles", "economics", "quality management", "land and property relations".
2. Another option is to get a basic education in economics or law. Then take refresher courses. Only after that, join the SRO of appraisers and pay attention to direct practice.

Note that education does not end there. To be a sought-after and successful specialist, an appraiser must constantly engage in professional self-improvement.

How to become an appraiser

We know that servicesappraisers are in demand. But not any representative of the speci alty, but only a professional in his field. From this it becomes clear that obtaining a diploma of the necessary education is only the first step. As a rule, a specialist becomes completely ready to independently perform his duties only for 1-2 years of postgraduate practice.

The duration of the "preparatory period" depends on the desire of the student to absorb the acquired knowledge, learn from experience, as well as on the organization where he is being trained. Unfortunately, many appraisal companies are focused only on profit. They offer novice employees a specific work pattern, strict deadlines for completing the task. Under such conditions, professional and career growth is difficult to achieve.

An interesting fact: not only people who have received specialized education achieve great success in their careers. Former construction workers, land surveyors are excellent real estate appraisers, former aviators are aircraft appraisers, etc.

Place of employment

The first job of an independent appraiser is a government agency, a banking organization, an insurance company. Having gained experience, many specialists open their own appraisal business.

The appraiser spends most of his work not at his home office, but on the road - visits to facilities, negotiations with clients, etc.

Expected salary

Wages vary in this area. Both the region and the scale of the employer, andthe professionalism of the specialist. General limits - 20-130 thousand rubles. The average salary of an appraiser in Russia is 45 thousand rubles. Note the fact that the most "monetary" activity is the evaluation of real estate.

Appraiser is one of the most demanded and promising modern professions. But it is associated with a number of risks, requires thorough preparation, recognition in the professional community, continuous self-education.