Posts from — October 2014

Total # of appraisers is decreasing and Age increasing

I just got back from a Continuing Education class today. These are a good place to meet and talk to my peers. The instructor shared a few Stats with us.

The overall total number of appraisers in California is down to 11,713. This is the lowest Since October 30, 2000. ( See Below) What I find most interesting is the age breakdown. 70% of appraisers are between 50 and 70.   Yes, 70% are over 50. There are no new appraisers entering the profession.  Take a look at the requirements, a 4 year degree, 150 hours of appraisal classes, then 2,000 hours of experience just to become an AL( Licensed Appraiser. Add to this the introduction of Appraisal Management Companies, and the reduction in fees, it is no wonder we are losing appraisers.Total number of appraisers in California

 

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October 10, 2014   Comments Off on Total # of appraisers is decreasing and Age increasing