Getting business as a Real Estate Appraiser ???
Hi Friends,

In the early 2ks I was a RE appraiser (comm/residential) but gave it up to start a mortgage company. I let my RE appr. licenses expire and never looked back.

However, i was considering getting back into it (yeah, i know about the re-education issue, in my state But i'm ok with it) for various reasons. I had a couple of questions regarding the RE appr. biz., if anyone knows perhaps they would be so kind as to comment on the following;

1. How do appraisal co's, get their biz these days (last time i checked, all residential biz was only gotten through 3rd party Management companies)?
1. R there 3rd Party "Appraisal Management" Companies to deal with in Comm. Appraisal as well?
1. R there any banks , mtg companies/brokers bidding out or ordering appraisals directly---or has this gone the way of the dodo bird?
1. Are the Laws looser in some states vs. others? (used to be very lax in states like Montana, Wyoming, blizzard states)

If ANYONE can offer constructive information regarding the above, it would be greatly appreciated. 

Thanks very Much (in advance)!!!




[{"id": "de3h8ch", "text": "You should network with agents / bankers and see what they know?  ", "replies": [{"id": "dejsbpn", "text": "Brilliant answer...!", "replies": [], "depth": 2}], "depth": 1}, {"id": "de40arb", "text": "Commercial guys I work with seem to just get out and hustle, networking like hell. I see them at every event I go to, and they somehow manage to talk to everyone. Tax appeals are the way to go if you can sell yourself and have a good network.\n\nBanks will have their guys, but in general, if you don't have your MAI, you aren't going to get commercial business in my area.", "replies": [{"id": "de4kezw", "text": "Thanks man. So basically you are saying that COM.appraisers don't have to go through 3rd party vendors (like residential appraisers)....CORRECT?", "replies": [{"id": "de5wevl", "text": "They probably do in some cases, it all depends on what market you are trying to serve. Its not like residential where you work based on market, you generally will work based on niche. That is all going to depend on your network - I wouldn't hire a new appraiser for, if they didn't work for a larger firm, because they wouldn't have the network or experience to give me real lease comps. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "deva8mb", "text": "Banker here. We have a set list of firms we use and most banks do as well. Typically if you want to try and work with us they'll put you on a trial list and have you do one or two appraisals and see how you compare to the others. \n\nAll appraisals are ordered through a specific appraisal group within the bank as lenders are no longer able to talk directly with the appraiser. \n\nGood luck. ", "replies": [], "depth": 1}]