I am familiar with them. There are individually owned shops that specializes in Real Estate Appraisals. They started out in Westwood by Kevin Nunnik (deceased) but I think his son works for the firm. They have several MAIs designated appraisers with analyst doing the work. Split fee is around 30-45% with bonus structure based on experience or if you bring the job in. Nice company to work for if you wanted to get experience in different asset class.

 

I've used the firm with mixed results. If you are dead set on being an appraiser then go for it. I work with a few underwriters who were previously appraisers and made the jump to CRE finance after 5-10 years (conversely I do not know of any underwriters or VP's that have made the switch to appraisals so that should tell you something). IMO you'd be better served starting at a JLL, CBRE, Berkadia, Wells, etc..

 

Thanks for the inputs, guys. Brothesda, can you name a few job titles in CRE finance field that are related to residential or commercial appraisers? Also, if I want to make that "jump" into the CRE finance, what kind of qualifications or background do I need to have?

 

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