How much do real estate appraisers/agents make a year?

Depends. I know agents that make almost nothing, and some that top a million a year. Depends on your market, experience, and drive.

Oh that is very hard to tell, you cannot group them all together. I am in Canada and my sister does well but she would do better maybe spending more time, cold calling etc. You can make nothing, you can make a decent living and you can make a bundle. Every company you work for asks different things from you. Some companies they ask you for different things, like the system that only agents have to advertise on. Your office space, your license oh all kinds of expenses. So never look at an agent and think, oh they are just raking it all in. Never ever do they have such an easy life. They work hard if they are good. Dont forget the cost of gas and endless hours and weekends and evenings. I was in it but couldnt take the long hours or odd hours that was necessary.

What do they do? Real estate appraisers assess the value of land, houses, & other buildings Specializations: Residential property, commercial property Preferred education: Associate's or higher degree and postsecondary training Certification & licensing: State license required Getting ahead: Can move into advanced positions such as senior, principal, & chief appraiser Skills & knowledge: Knowledge of local geography & property values, working well with clients, attention to detail Where they work: Local governments, real estate firms, appraisal firms, banks, & insurance companies Job outlook: Competitive so long as the mortgage industry problems keep housing sales down. Look for work: Link to job banks and other job search resources Earnings: Usually in the $24-85,000 range Link to more information about this career Career data: See Virginia and national data about Appraisers & assessors of real estate Find statistics and data about careers & industries, Virginia & its regions --------------------------------------... American Society of Appraisers Appraisal Institute Real Estate Appraisal a Hard Road for Newbies WHAT DO THEY DO? A house is the biggest asset that most Americans will ever own. So when it's time to buy it, sell it, insure it, mortgage it, or pay taxes on it, it's important to know exactly how much that asset is worth. Enter real estate appraisers, the people who evaluate a home or property to estimate its market value. It is the role of the appraiser to provide an objective, impartial and unbiased opinion on the value of a house or piece of property to anyone who is selling property, lending money, investing in property or using property as collateral for a loan. Appraisers make sure that homebuyers aren't overpaying for property and that lenders lend the correct amount. Appraisers can work for local governments, estimating the worth of property for a city or county, which then taxes that property based on its estimated worth. They can also work on behalf of the government when a property is being condemned or taken over by eminent domain. Or appraisers can work independently on behalf of banks, businesses, insurance companies, mortgage lenders and private owners who need to know how much a property is worth for various business transactions. Real estate appraisers are also sometimes used in divorce actions, when partnerships are dissolved, for estate settlements, and when property is listed as a business asset. They can specialize in appraising the worth of commercial properties, such as shopping malls or office buildings, or can specialize in residential real estate--appraising single-family and multi-family homes and condominiums. Va Assoc of Assessing Officers Va Assoc of Realtors, Appraisal Section The work of a real estate appraiser calls for lots of research. Appraisers must first find out all they can about a property--from blueprints, records, surveys and drawings. Then they must visit a home or property to check out its condition and locale. They also take a look at property values of similar homes or properties in the neighborhood to help them estimate a value as accurately as possible. Once they have a good idea of just how much a property is worth, they write a report describing a property's condition and locale, an analysis of sales of comparable properties and information regarding the most up-to-date market trends and real estate activity. They also take into account the cost of reproducing or replacing a building and the net earning power of a property. This is not an easy field to enter. Starting pay is generally low, and lots of preparation is required to get licensed. Many people initially interested in this field eventually opt for other more lucrative real estate jobs that require less training. How they spend their time: Preparing written descriptions of property and making an estimate of its value Completing standardized checklists that help evaluate the property and the neighborhood in which it is situated Obtaining land values from county and city sources and sales information about nearby properties Examining the income records and operating costs of income properties Estimating building replacement costs Verifying legal descriptions of property with records Measuring property and comparing the measurements with the legal descriptions Drawing land diagrams and noting conditions and special features Analyzing and evaluating the data and preparing a written report outlining methods by which the fair-market value was estimated ! The right job for you? Try an informational interview with a local employer The wrong job for you? Take a career quiz & find a better one ? --------------------------------------... SPECIALIZATION Most real estate appraisers specialize in either residential or commercial property. Residential appraisers generally determine mortgages or work with corporate relocation firms. Commercial appraisers counsel their clients on whether to buy or lease properties, help building owners determine market rents, analyze clients’ investments, and appeal property-tax assessments. --------------------------------------... EDUCATION, CERTIFICATION, & LICENSING In Virginia, real estate appraisers must be licensed by the state. In addition to passing an exam, they must complete at least 90 hours of coursework and 2000 hours of appraisal experience for the licensed residential classification, 120 hours and 2500 hours of appraisal experience for the certified residential classification, and 180 hours and 3000 hours of appraisal experience for the certified general classification. All appraisers must take a course of at least 15 hours on the Uniform Standards of Professional Appraisal Practice from an accredited college, program, or agency. Appraisers must also pass an exam endorsed and provided by the Appraiser Qualifications Board. Many proprietary schools, community colleges, and universities in Virginia are approved to offer the courses required for licensure and continuing education. Contact the Virginia Department of Professional and Occupational Regulation for a complete list. In addition to licensure and continuing education requirements, real estate appraisers in Virginia must not be guilty of violating the fair housing laws of any jurisdiction, nor convicted anywhere for a misdemeanor involving moral turpitude, sexual offense, drug distribution, physical injury or any felony. What's the usual education for: Appraisers & assessors of real estate Studying to become a real estate appraiser: Read "How to become an appraiser" from the Appraisal Institute. Find community college programs. Find programs at 4 year colleges and universities in Virginia. Find lists of approved programs from the Virginia Department of Professional and Occupational Regulation, Real Estate Board. Learn more about licensure from the Virginia Department of Professional and Occupational Regulation, Real Estate Board. Search for an internship. --------------------------------------... Education & Training Finder shows you where to study for most careers. Certification Finder has details on certifications in hundreds of careers. Paying for college. How much you can afford to borrow: associate's or bachelor's , master's or PhD. --------------------------------------... Read about GED, High School, Community College, Financial Aid, & more in The World of Education Va public schools • Your School Division • HS Graduation Requirements • Career Readiness Certificates --------------------------------------... GETTING AHEAD For real estate appraisers, promotion depends largely on getting advanced training and additional experience. More advanced positions such as senior, principal, and chief appraiser involve supervisory duties as well as more difficult appraising assignments. Opportunities for promotion are generally available only in large appraisal firms. Bright ideas for getting ahead in any job Your career might keep changing even if you don't. Learn how today's jobs morph into careers of the future. --------------------------------------... SKILLS & KNOWLEDGE Thorough knowledge of local area & property values Keeping abreast of economic conditions and trends Working with mathematical formulas Writing clearly Communicating clearly Working with computers Making decisions based on professional standards and personal judgment Working well with customers or clients Attention to detail Building and maintaining good public relations Inspiring trust and confidence Ethical behavior In addition to career-specific skills, everybody needs these basic skills: Reading Math Writing Speaking & listening Computer literacy Problem-solving & decision-making Understanding the broader picture Working with people A strong work ethic A positive attitude Independence & initiative Self-presentation --------------------------------------... WHERE THEY WORK (Search the Career Info Net Employer Locator) Real estate appraisers work for local governments, real estate firms, appraisal firms, banks, savings and loan institutions, and insurance companies. --------------------------------------... OUTLOOK During the recent housing boom, real estate appraisers found themselves in great demand. Thousands of people bought new houses and thousands more refinanced their homes to take advantage of record-low interest rates. However, demand for appraisers has slowed down recently. T he 2007 slump that followed from tightening up on mortgage lending will affect sales (and thus the need for appraisers) here for some years to come. However, this business is well known to by cyclical and it can be expected to start growing again once problems with lending have been sorted out. The Bureau of Labor Statistics currently predicts faster than average job growth for appraisers through 2014. --------------------------------------... The economy in: Your area • Virginia • The nation Employment projections Monster Employment Index Manpower Employment Outlook --------------------------------------... LOOK FOR WORK See job ads at Virginia's Job Bank • More job banks • Find local employers Job ads & info targeted for your community college or 4-year college, from Monster Learn job search skills—from reading job ads to preparing for the interview When finding a job at home is tough, maybe it's time to think of relocating. --------------------------------------... EARNINGS See what people usually earn Most real estate appraisers in Virginia earn somewhere in the $24-85,000 range. Commercial property appraisers usually earn a lot more than residential appraisers. It's important to realize, however, that most appraisers don't earn straight salaries. Government agency appraisers are usually paid a regular salary, but those who work in the private sector usually earn a percentage of the fees charged for the appraisals they do, though they may also earn a small base salary. This means that appraisers' incomes vary significantly and are affected by market conditions. When there is a lot of turnover in property, there is lots of work and appraisers can earn a high income. When the property market slows down, some have trouble making a living