Jobs as a Commercial Real Estate Appraiser Suck?
I want to preface this by saying that I'm not trying to be a dick to appraisers, so just correct me if I'm way off here because honestly this is just what I know from what limited sources I've heard from:
The vast majority of what I've seen and heard of CRE Appraisers is that it's a much different game than say someone who is doing valuation work for REPE acquisitions or even work at a brokerage. It seems that most people characterize the work as a formality that's not at all deeply analytical. It seems like more of a role as a monkey whose job it is to go grab the different required pieces to do a required appraisal, like just finding out what market cap rates are -- piecing together Costar comps data, etc. I've also seen a lot of people in appraisal work with very soft resumes.
Is this accurate? Is this only accurate for some and not others? Correct me if I'm wrong. I'm being very harsh to these guys perhaps, but this is just what the gist of what I've heard from people...