Appraisers Are in Demand

Have you ever considered a career as an appraiser?

June 1, 2010

Want work in these tough times? Become an appraiser, suggests Chris Lee, president and CEO of CEL & Associates in Los Angeles. 

Appraisers will be needed to evaluate assets taken over by banks and to perform more frequent reappraisals of property for existing or refinanced loans, he says. "Appraisal is a discipline within commercial real estate that will grow dramatically." 

Lee made his remarks on the Fourth Quarter 2009 Technology & Intelligence Briefing podcast by NAR’s Commercial division. For a link to the recording search for "Appraisal Podcast" at REALTOR.org/realtormag.

Lee, whose consulting firm tracks strategic trends in commercial real estate and conducts surveys of tenants and industry compensation, also sees demand for commercial real estate practitioners in the areas of green retrofits, government service providers, and distressed assets.

Industries that are prospering and will need more space to grow include waste management, biotech, education, and health care, he says.

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