is real estate appraisal/valuation a joke? is the average appraiser capable of doing, or doing technical valuation work? genuinely trying to understand how technical the work is as i am graduating from real estate and finance program and considering my job options.

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Acquisitions and Investment Sales is where the real money is in CRE. I’m also graduating from an MS - Finance/Real Estate program

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Yes, but the thing about investment sales (as I understand it) is that you're working usually on commission and it can take an much as a year for a deal to come to fruition and get the big commission check. If you can't afford to work without getting a regular salary then investment sales might not be for you.

Also, of you aren't well connected it will involve a lot of cold calling.

That's at least been my experience and what I've heard/observed from others.

I wouldn't consider it a joke and it may the most exciting part of CRE. There are many career paths you could go down with valuation/appraisals. 1) you could work in house with a REIT, CRE investor, Private equity and do valuations on transactions. 2) you could work in consulting and work on either doing valuations for clients and/or be an expert witness/dispute when there's a litigation on the value of a property.

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The real money and opportunity is in commercial real estate "CRE"

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Don’t do residential. All large accounting firms have real estate valuation teams where you audit others appraisals and also can help with external work (doing your own appraisals.) Valuation has a ton of exit ops.

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I'm with FTI Consulting 1. Just whatever you do avoid bank work (appraisal for mortgage/CRE lending). Especially if it's on a free split.

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