Pros
Ability to act as an entrepreneur in that you are assessed for advancement and compensated based on your effort, ability, and output rather than being beholden to a larger team's results. In turn, hours can be flexible depending on your desired work load and ability to complete work for those on fee-split. For those willing and able to put in the long hours, compensation is well above peer professions in real estate. Knowledgeable and very accessible upper management with a clear desire to teach and raise everyone in the company upwards. Great overall atmosphere and culture where everyone is treated like family.
Cons
Hours can get very long and everyone is expected to be able to work nights and weekends at certain times. A lot of up-front effort must be undertaken to get through the initial appraisal license coursework and to learn the basic knowledge of the industry.