Someone found this blog through a search yesterday by typing in the following: “Can a Realtor also be an Appraiser?” In case the answer was not found, I wanted to chime in briefly. The answer is “yes”. It is entirely legal for an appraiser to be a real estate broker, Realtor, loan officer or whatever else he/she wants to be. The key though is that the appraiser can only act as an appraiser when appraising. When working as a Realtor, the appraiser takes off his/her appraiser hat and wears the Realtor hat and makes sure to keep the two trades separate. An appraiser who is a Realtor cannot be doing appraisals for his/her own deals either because there would be a big conflict of interest, don’t you think?
Thank you very much for very clear answer. I am personally a realtor now, but want to find more income and like to be a self-employed Appraiser.
Have you seen lots of this happen though 🙂 ? Thank you Ryan!
Hi Jeff. Thanks for reaching out. I’ve definitely seen this happen, but I think in most cases what tends to happen is the desire is there to be an appraiser until the person finds out just how much work is involved in becoming an appraiser. Right now there are some uphill battles to finding a trainer too. But it is possible. It’s not easy though. That’s usually what I tell people when they call me. As a first measure I might recommend looking up requirements in your state so you are in tune with what is needed. Let me know if you have any questions.