For a while now, NAR has heard from REALTORS® concerned about the state of the appraisal industry. Agents talk of difficulty finding appraisers, long turn-around times, and “rush” fees for faster service. Appraisers note increased difficulty in attracting young people into the profession and the challenges of being an appraiser in today’s market.
In response, NAR set out to get to the heart of these issues by asking appraisers about their experiences. NAR’s Research Department, in collaboration with The Olinger Group, surveyed over 2000 respondents, made up from appraisers who were registered on the Appraisal Subcommittee’s list of licensed and certified appraisers and were also members of the NAR. The results of this research are now available on NAR’s website.