About License of Real estate appraiser

About License of Real estate appraiser

Searching real estate appraisal on Wikipedia, “Real estate appraiser is a national license established based on the Act on Real Estate Appraisal, and is a highly expert on the economic value of real estate.

In addition to the appraisal of real estate, they also provide consulting services such as effective use of land based on it.
The exam format, etc. (the answer format for each subject of the secondary exam, civil law, economics, accounting, appraisal theory, and exercises is about 2 to 10 B4 sheets, and average 1 to 2 years after passing.) It may be counted as one of the three major difficult national licenses because it can be registered only after undergoing practical training and completion examination.

The exclusive business of real estate appraiser is the appraisal of real estate, and if a person other than the real estate appraiser performs the appraisal of the real estate, it will be subject to criminal penalties. “.

Since 2006, the qualifications for taking the exam have been abolished, and two-stage selection is being conducted: short-answer exams and thesis-style exams.

There are two test subjects for the short-answer test: administrative regulations on real estate and theory on appraisal of real estate, each of which has 40 questions in a 120-minute test time.

The thesis-type examination consists of questions from civil law, accounting, economics, the theory of real estate appraisal, and the theory of real estate appraisal (exercise subjects), and it takes a total of 12 hours divided into 3 days.

The pass rate of the exam decreased by about 70% in the short-answer exam and about 20% in the treatise exam in about 10 years after the application of the new system, but it increased slightly after hitting the bottom in 2015.

The pass rate increased from the early 20s to the early 30% in the short-answer test, and from about 10% to 15% in the treatise test.

Multiplying each pass rate, the final pass of the examinees is only about 3% of the total difficult qualifications.

The study time for the real estate appraiser exam is 2,000 to 3,700 hours, and it is said that at least 2,000 hours of study time is required even if you aim for the shortest pass.

The examination period is generally set for one and a half to two years, and even if you consider the period of one and a half years, the average study time per day is around five hours.
It is said that it takes 200 to 300 hours of study to pass the exam for a homebuilder, so it takes about 10 times more study.

When I took the exam in 2001, the examination system was different from the current one, but the examination equivalent to the current treatise-type examination is a substantial examination, and the passing rate is 10%.

I left the company I worked for after graduating from university, and became unemployed, and went to a vocational school to study with the determination of immortality.
I think it was possible because I was 26 years old.

After that, after gaining two years of practical experience, I became an assistant real estate appraiser, and after one year of practical training, I passed the third examination (pass rate 30%) and became an appraiser.

There is certainly fun in the work that only a real estate appraiser can experience.

It’s fun to ponder real estate that doesn’t have the same thing as two, one by one, on the scale of economic value, and the evaluation of special real estate is more interesting than the evaluation of profitable real estate that is currently mainstream.

Evaluation of the ruins of a graveyard, evaluation of properties with psychological defects, evaluation of shrines and temples, evaluation of sex shops, evaluation of famous rugby & baseball stadiums.
However, from the perspective of making money, unfortunately it is not cost-effective considering the enormous amount of time and cost spent studying for the exam.

It may be a little better now, but there is still an old-fashioned apprenticeship system, and until you become a real estate appraiser, you often get a low salary.

One thing I can say is that in the current business, general brokerage companies only introduce properties, but I always calculate the income and expenditure before explaining to the customer.
The basis of that idea is how to perceive things as an appraiser.

Please feel free to contact us.