An Optimistic View On The State Of Florida

1367 Words Nov 30th, 2015 6 Pages
According to the Appraisal Institute, more than half of all United States appraises are between the ages of 51 and 65. Many of those appraises will be looking to retire soon making room for new entrants into the field. The number of real estate appraisers has been steadily decreasing since 2006. Due to age attrition and the lack of newly certified appraisers, the total number of appraisers could decrease by as much as 35% over the next 10 years. The Appraisal Institute believes that the attrition rate of appraisers and the currently low number of new entrants will create a lot of future employment opportunities. This is an optimistic view and the reasons behind the lack of new appraisers is being overlooked. A number of different obstacles make entering the appraiser profession unappealing and will likely contribute to a long-term decline in the number of new people entering the field. First and foremost are the education requirements. In the State of Florida, to be certified as a residential appraiser one has to accumulate at least 2,500 hours of experience obtained over a 24-month period in real property appraisal and successfully completed at least 200 classroom hours of approved academic courses in subjects related to real estate appraisal. Experience and classroom hours are greater to be certified as a general appraiser. Furthermore, in 2011 the Appraiser Qualifications Board of The Appraisal Foundation adopted changes to the Real Property Appraiser Qualification…
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