Number of real estate appraisers declining

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The number of real estate appraisers is dwindling nationally, creating career opportunities for analytical math-savvy individuals interested in commercial real estate.

The Appraisal Institute released a report this week noting that the number of practicing real estate appraisers in the country dropped 3 percent in 2012 and could plummet 25 to 35 percent in the next 10 years because more than half of real estate appraisers are aged 51 to 65.

The report also noted there are few people entering the profession.

While the Institute said there are limited growth opportunities in the residential real estate field as alternative appraisal methods are emerging, the opportunities abound in commercial real estate appraisals.

Also, while there are fewer overall appraisers today than in years past, a larger percentage of them are becoming certified.