How to Become an Appraiser in Idaho
If you have a keen eye for detail, excellent analytical skills, and a passion for real estate, a career as an appraiser in Idaho may be the perfect fit for you. Appraisers play a crucial role in determining the value of properties, which is essential for buyers, sellers, and lenders. In this article, we will guide you through the steps to become an appraiser in Idaho and answer some frequently asked questions about the profession.
Step 1: Obtain a High School Diploma or Equivalent
To become an appraiser in Idaho, you must have a high school diploma or equivalent. This is the first requirement for entry into the field.
Step 2: Complete Appraisal Education
The next step is to complete the required appraisal education. The Appraiser Qualifications Board (AQB) sets the minimum education requirements for becoming an appraiser. In Idaho, you must complete 75 hours of appraisal education for the Trainee Appraiser level, 150 hours for the Licensed Residential Appraiser level, and 200 hours for the Certified Residential Appraiser level.
Step 3: Gain Practical Experience
After completing the necessary appraisal education, you need to gain practical experience. As a Trainee Appraiser, you must work under the supervision of a Certified Appraiser for a minimum of 2,000 hours, which should be completed within a minimum of one year.
Step 4: Pass the Appraisal Exams
To become a licensed or certified appraiser in Idaho, you must pass the state-approved appraisal exams. The exams consist of both a national portion and a state-specific portion. The national portion covers appraisal principles, procedures, and ethics, while the state-specific portion focuses on Idaho-specific real estate laws and regulations.
Step 5: Obtain State Certification/Licensing
Once you have completed the required education, gained the necessary experience, and passed the exams, you can apply for state certification or licensing. The Idaho Real Estate Appraiser Board oversees the certification and licensing process. They will review your application, verify your education and experience, and issue your certificate or license accordingly.
FAQs:
Q: What are the different levels of appraisers in Idaho?
A: In Idaho, there are three levels of appraisers: Trainee Appraiser, Licensed Residential Appraiser, and Certified Residential Appraiser.
Q: How long does it take to become an appraiser in Idaho?
A: The time it takes to become an appraiser in Idaho depends on various factors, including your dedication, availability, and the number of hours you can commit to education and experience. On average, it can take anywhere from 2 to 5 years to become a certified appraiser.
Q: Can I complete the appraisal education online?
A: Yes, Idaho allows you to complete your appraisal education online. However, it is important to choose a reputable and state-approved education provider.
Q: How much do appraisers earn in Idaho?
A: According to the U.S. Bureau of Labor Statistics, the median annual wage for appraisers and assessors of real estate in Idaho is around $56,000.
Q: Are there any continuing education requirements for appraisers in Idaho?
A: Yes, to maintain your appraiser certification or license in Idaho, you must complete continuing education courses every two years. The specific requirements can be obtained from the Idaho Real Estate Appraiser Board.
Becoming an appraiser in Idaho requires dedication, education, and experience. By following the steps outlined in this article and staying up-to-date with the industry’s regulations and requirements, you can embark on a rewarding career in real estate appraisal.