14

We Asked,You Answered!

NAA pol led nearly 500 appraisers to reveal professional trends

How long have you been an appraiser?

How old are you?

Do you prefer your education live or online?

When are you planning to retire?

35% of appraisers were between the ages of 55-64.There were more appraisers over age 75 than there were ages 18-24.

15

In what state(s) do you currently work?

Florida 4.39%

South Carolina 3.77%

Tennessee 2.72%

Nevada 2.51%

Mississippi 2.30%

New York 1.88%

New Mexico 1.67%

Ohio 1.67%

Pennsylvania 1.67%

Illinois 1.46%

Oregon 1.46%

Georgia 1.26%

Michigan 1.26%

North Carolina 1.26%

Washington 1.26%

Louisiana 1.05%

Maryland 1.05%

Arkansas 0.84%

Virginia 0.84%

Wisconsin 0.84%

Idaho 0.63%

Minnesota 0.63%

Oklahoma 0.63%

Alabama 0.42%

Connecticut 0.42%

Indiana 0.42%

Iowa 0.42%

Kentucky 0.42%

Missouri 0.42%

South Dakota 0.42%

Delaware 0.21%

Massachusetts 0.21%

Montana 0.21%

New Jersey 0.21%

Rhode Island 0.21%

Alaska 0.00%

Dist. of Columbia (DC) 0.00%

Hawaii 0.00%

Kansas 0.00%

Maine 0.00%

Nebraska 0.00%

New Hampshire 0.00%

North Dakota 0.00%

Vermont 0.00%

West Virginia 0.00%

Wyoming 0.00%

TOTAL 478

California19.46%

93

Texas16.95%

81

Arizona10.25%

49

Colorado6.69%

32

Utah5.65%

27

What, if any, professional credentials do you have?

MNAA 65.99%

SRA 23.86%

RAA 8.63%

IFA 8.12%

ASA 7.11%

AI-RRS 6.09%

MAI 5.08%

AR 4.57%

GAA 3.55%

IFAS 2.54%

RICS 2.03%

AI-GRS 1.02%

IAAO 0.51%

SRPA 0.00%

Total Respondents: 197

ANSWER CHOICES RESPONSES ANSWER CHOICES RESPONSES ANSWER CHOICES RESPONSES ANSWER CHOICES RESPONSES

YES

26%NO

48%WE TRY

27%

ANSWER CHOICES RESPONSES ANSWER CHOICES RESPONSES

Have you ever written a Restricted Appraisal Report (or a Restricted Use Appraisal Report)?

YES

70%NO

30%

Do you prefer your education live or online?

Most of our appraisers prefer to receive continuing education in

person rather than online.

LIVE

49%ONLINE

12%BOTH

39%

16

ANSWER CHOICES RESPONSES

0-4 years 2.73% 13

5-10 years 3.56% 17

11-15 years 19.71% 94

16-20 years 23.90% 114

21-25 years 14.47% 69

26-30 years 16.35% 78

31-35 years 9.85% 47

36-40 years 4.40% 21

41-45 years 2.73% 13

46-50 years 1.47% 7

50+ years 0.84% 4

TOTAL 477

How long have you been an appraiser?

ANSWER CHOICES RESPONSES

26+ years 6.29% 30

21-25 years 8.18% 39

16-20 years 10.06% 48

11-15 years 12.79% 61

6-10 years 18.66% 89

2-5 years 18.45% 88

1 Year or less 3.77% 18

Never 21.80% 104

TOTAL 477

When are you planning to retire?

Almost a quarter of appraisers surveyed said they have been in the profession for 16-20 years.

The largest percentage of appraisers said they plan to retire in two to 10 years, while 22% said never.

17

What software do you primarily use?

What measurement standard do you use?

a la mode

68%ACI

18%Bradford

9%SFREP

5%

International Property Measurement Standards IPMS .22%

American Measurement Standards AMS 4%

American National Standards Institute ANSI 79%

NONE 16%

What percentage of your work is lender-based? 76%

What percentage of your work is non-lender-based? 24%

What percentage of your appraisal reports are narrative? 11%

What percentage of your appraisal reports are form-based? 89%

If your state does have an association/coalition of appraisers, do you belong to it?

YES

66%

NO

34%

Does your state have an association/coalition of appraisers?

YES

72%NO

14%I DON'T KNOW

14%

Have you ever

witness?

NO

46%YES

54%The majority of

respondents said they

expert witness.