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Hi Monkey On Tree,

May I suggest reading real estate inspection books? Knowing what type of materials are used when improving land, I believe, are crucial, when analyzing. Knowing exactly what a specific (...and all) material(s) is/are, when, for example, a house is being built AND learning the process of how a house is built, will be very beneficial, to anyone whom may have interest in real estate.

Also, reading such inspection books may assist in filling out the improvement sections of the 1004 Fannie Mae form.., for example; and may help prepare you when being out in the field with a potential mentor/supervisor, feeling comfortable when asking questions.

In the long run, having decent "improvement/inspection" books in an Appraiser Trainee's personal library may allow one to create an inspection checklist to fit their own personality or work involving their real estate activities.

The main suggestion I am pointing out, in closing, is shopping for books that go into detail about what are typical materials used when building; when dealing with special purpose properties, commercial related improvements, and site improvements itself. Also, the process of the construction, from direct cost to indirect costs.

I picked up a nice book one day at Books-A-Million called, "Your Home inspection Guide." This book was written by William L. Ventolo. I think it's a good book for anyone to understand, in my opinion.

I also recommend the Marshall and Swift book (residential and commercial).

It wouldn't hurt to consult with a structural engineer when asking questions about the building process, materials used, what this and that means, and about what a structural engineer does in the course of their business.

With all this being said, I believe this may allow an opening to a better understanding of many, many, other relations/variables, regarding the Real Estate Appraisal Profession.

Knowing exactly what an Appraiser Trainee is looking at while conducting an on-site inspection of the improvements of any subject is; or, may I say "should" be fundamental? This was one of my weakest areas when I began studying and I have learned through my training that this type of knowledge is very necessary in preparing for the Appraisal profession; and this is why I am suggesting this to you, now :)

I hope what I have suggested will be of some help to you, if not already known to you or, if you didn't already possess this knowledge, already. However, the Appraisal profession is an ongoing study and, being prepared for future changes or speculations regarding land or site improvements are important for an Appraiser Trainee in my opinion; especially for the Apraiser Trainee's typical geographic competency.

Good luck in your decisions and venture :) ...maybe someone else may have another suggestion or/may can add to what I have suggested, Monkey On Tree.

Sincerely,
Benji

I thought home inspection was a different field and I didn't even bother looking in that direction.

Hi Monkey on tree,

No problem. It's really boring at first; but what made it exciting for me, is that I knew that I had to know, to understand more about the market.

Basically, everything involved in reading the market has different professions or careers involved. Social behavior is another thing to look into; because social behavior is part of motivation (feelings toward things at a certain time or moment from different points of views of other professions or careers) and, may have an affect of the economic health of a piece of property. Contributing to an even more credible opinion of value.

Mortgage brokers contribute as another profession (...or should I say participant, I guess), involved in reading the market, as an Appraiser. A mortgage encyclopedia (book) will be helpful in this case as an example.

Real estate agents (sales persons) and/or Real estate brokers, are another contribution as a profession (or career) affecting the economics of land/real property; the analyzation of their motivations (what they actually do) within the market. Just some quick examples for you and/or anyone.

I bought a book, "The Million Dollar Real Estate Agent," but I never got into it:noidea: ...but by spending time with them and studying through an accredited approved school to get my real estate sales person license, and reading the MLS/MLX I was able to learn more about their role, so I can analyze their motivation.

I like reading land deeds, which Lawyers are involded in. Knowing land rights and how they affect land/property economics of any specific piece of property (market) makes the Appraisal process much easier, also.

The Appraisal Institute's Appraisal Dictionary is a good book. An Appraiser has a dictionary tailored to the profession's needs. I highly recommend this book!This book will help lead to a better understanding of whatever may be next for studying.

Gathering all professional data/documents from all fields or professions/careers in, and involved in an Appraisal case, is really cool to have; so a really good, credible, professional, opinion of value may, be reconciled :ear:

Thanks for replying, Monkey on Tree.., sincerely, I hope I helped you a little bit; and it looks like I said something positive for you :cool: ...think something clicked for you. I always have to practice reminding myself of things like I posted to you. Writing thoughts down for future reference really helps me in progessing, intellectually. No one is perfect and no one knows everything...but more information to analyze, the better, for a credible opinion of value, in my eyes :)

Your welcome, Monkey on Tree, anytime,
Benji

Hi Mr. Kim,

I am still a newbie, too. I am a State Licensed Appraiser Trainee. You or anyone, may be a newbie for a while. Even IF I become certified, I will be a newbie. lol - I guess 30 years from now, I will still be a newbie of some type.

When I go to the book store, I look carefully. I want a good book :) I been book shopping and reading for a long time (to me - Im 27, turning 28 in April). Considering my age, it's not long for many whom have more experience and people who are older than me(the wise). But, my eye caught economic books during my teenage years and been real estate/land/real property book shopping.., etc..for a good 7 plus (+) years.

When I get some more money, I'm going to go book shopping; and will probably find two or three good books. Maybe just one.., I wish I had some money to buy one right now, I would be in Books-A-Million. I don't like buying online unless I have to; when I want a book, I want it RIGHT NOW :) But the Appraisal organizations and Institute are good places to buy online because they have a book store with Appraisal books written by Appraisers on a variety of Appraisal related subjects.

Having the right books for your mind and/or behavior may be different from another person's situation, but similarities may exist. Probably too many books scattered out there all at once :yup: I know of an online library that may ease the mind of a person whom wants to study Land Property Economics. It's free! It's a collection of some of the greatest literature ever written, including articles. I can't post the URL (address). Type in free land economic library into your search engine and see what you will find. Once you type it in, you may see an Internet Address with the word "econlib" in it; click on that one; its a "dot org."


A mortgage reference book of mine is, "The Mortgage Encyclopedia." Written by Jack Guttentag and published by the McGraw-Hill Company. It was available in the year 2004. I have several other mortgage books, but this one has many slang terms, lingo, definitions, behavior from the practice, pitfalls, opinions. It's a nice ecyclopedia, but I'm sure there is a better one out there, MAYBE, but I am not shopping for a book at the moment.

You may hear many Appraisers tell you that entering the Appraisal field is not a good idea. Some people don't want a competitor or some are just sincere about what they may see of the profession right now. Other people (Appraisers) may respond to you out of the pocket of their personality.

Whether not the Appraisal field is a good market to get into is up to you, Mr. Kim. If a person wants to learn the study involved in being a Land Property Appraiser (analyst - consultant) , why should a few phone call conversations with Appraisers stop a person from learning or gaining knowledge, even though what they say is not pleasing, in that moment of time? I can't think of any reason except that person doesn't want to learn or study what is involved.

A personal library in any field or study is good for the mind, I truly believe, for anyone, no matter their situation. It's like having a collection or being a collector (a hobby). No point in this paragraph, except my rant about having a cool, personal, library of any sort, is healthy for a mind.

Spoon feeding ones-self is a good option in todays financial market tied to, or attached to Land Property. Being able to spoon feed ones-self may help in finding an Appraiser to hang out with.

It's not about the money in your pocket, it's about the study of Land Property Economics. Most experienced Appraisers today, want to work with someone (A Trainee or Assistant), who can jump in and atleast half-brain handle themselves. I'm being sincere when I say that; and, it's my opinion through my experience.

Is there a library or book store near you? I have a library card, too, and that helps me, sometimes.

Sincerely,
Benji

Hi Mr. Kim,

If you want to know more about appraising in the United States, I suggest reading the websites of organizations that have been formed over the years. They have libraries for people to purchase books online. I also suggest a history book (summary) of Appraisal and it's importance to the economy. May find one laying around one day :)

Reading anything that includes "under all is land" is a good dea.

Browse the website, but I would also suggest, reading it for a few years (atleast) and study the books and articles, included with the website.

I don't see why quitting should be any option for anyone and anything, unless there is a good reaon that will not affect an emotion or negative mentality it may produce upon one-self. Go for goals and better yourself; there is no reason, in my eye, no one shouldn't :)

I don't know what it is like in Korea, but I am sure there may be different types of studies involved. Quite frankly, it may be completely different from other countries. I didn't even know Korea had Real Esate Appraisers.

I'm sure I will learn something across the sea one day in this forum. It is an Appraisal World :cool:

Sncerely,
Benji

Hi Monkey On Tree,

Here is a web link for you to read and understand. Click on the link below.

http://commerce.appraisalfoundation....0USPAP/toc.htm

Sincerely,
Benji

Hi Monkey on tree,

What made you get a want to move, to the United States.., because you want to become an Appraiser?

Do you need some Appraisal organization websites?

If I started out today, I would go and get an associate degree or even better, a bachelor degree at a college or university (knowing me, I would go to a college online).

Requirements for an Appraiser are getting tougher/difficult. In some states, their board may have chosen a segmented approach to 2008 requirement changes, and some boards may have not. I need to go and get a bachelor degree, even though my state chose the segmented approach. I plan to take my general courses this year and start college for a bachelor degree in the Fall season. Also, many states have tightened up the ability for an Appraiser to have more than three (3) Trainees at one time (my state did). Eery state is different; except for federal regulation.

After all the new changes come into the system, the way Appraisers do business may also change. I wonder how long it will all take to settle.

I have a website for you, but I need to look it up, I don't know it off hand. I had continuing education this year in which the topic of interest was, future study requirements for Trainees. I actually had fun at this class. I have the exact website address that displays the manual or study book that was given to me at this continuing education class. When I find it, and remember to do so, I'll post it for you.

Sincerely,
Benji

Mr. Kim,

I thought the web address' were on my study books; they're not :) However, I did find the web address it was based on:

http://www.appraisalfoundation.org/s_appraisal/sec.asp?CID=2&DID=2

And, below are a few organization websites:

http://www.appraisalinstitute.org/
http://www.appraisalinstitute.com/
http://www.naifa.com/
http://www.appraisalfoundation.org/s_appraisal/index.asp

FIRREA:

http://www.ai-ct.org/firrea.html

I apologize for not replying sooner. I been busy learning and working. I have the weekend off and plus, it's warmer in my area now. My wirless adaptor works better in warm weather.

Finding a mentor will be difficult! ...but some have better luck than a few or so out there. It was very difficult for me, Mr. Kim. It's not easy. One has to have it in their mind that becoming and being an Appraiser is very difficult and challenging. Finding a mentor may be challenging. Having already obtained a Bachelor degree is a very good start.

What is an Appraiser and Appraisal, in your own words Monkey On Tree?

Again, I apologize for the delayed reply,
Sincerely,
Benji

Hi Mr. Kim,

You're welcome.

A person has to keep looking until they find someone and, find someone who is competent and ethical, too. Finding a mentor will be half the battle. Winning the battle would be finding a mentor who is ethical and competent. if not, it may be a longer road to travel for the Trainee. Being taught the correct way is more important than finding a mentor; and sincerely is a must, if to be an Appraiser.

You oughtta write those answers down and look at them again, 1 year from now, and continue to do that every year. Future thoughts may be interesting.

I am an Appraiser Trainee in the state of Louisiana.

In searching for a mentor, you may need to start calling the Washington state Appraisal board. They can send you a package of valuable information that you need to know also, if you haven't already. The board may have a list of Appraisers on their website, or a paper list of registered Appraisers available to the public. I've never asked for such a list, but the board may have something available that may help you get started in your attempt to locate a mentor. Finding names of Appraisers is a good start. When you find an Appraiser whom interests you, you may need to check their reputation and credibility thoroughly. Finding a mentor is alright I guess (somewhat), but finding a mentor whom is ethical and competent is a good idea.

Sincerely,
Benji

Mr. Kim,

Take your time in finding one. Since the profession is in a transition, you won't have to hurry yourself. I recommend not rushing at necessities, but surely not recommending you to not rush into it. It's an exciting way of life if one chooses to accept it and be content. What I was going to say is, since the profession is in a transition, it won't have an affect on your position level. This allows you to think through the process properly/efficiently. It's an advantage I did not have :)

Yes, in Louisiana. The Bayou State. Home of Mardi Gras :) Louisiana does not do so well in economics, though :( It's a challenge to Appraise here. I try to do my best. It's all I can do. Many Appraisers are diligent and twice and four times as diligent as I am. These type of Appraisers are who I listen to. There is no substitute for wisdom, except God.

Thank you very much for your compliments :cool:

Sincerely,
Benji

Is there any study material available for, IITJEE, PMT, CBSE PMT, AFMC, BHU, CBSE, ICSE, alss Exam Alerts, Online Tests, Animated Tutorials, Exam Papers

Thats some scary shit.

I wonder quite how realistic the predictions made will turn out to be. It seems to me that Greenpeace always look to the side of pessism and may explain the overall technophobic attitude.