Appraisers, Real Estate

Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.

Median Annual Wage: $52,570

Education: Bachelor's degree (60%); Associate's degree (25%); Some college, no degree (10%)

Projected Growth: Slower than average (3% to 7%)

Related Job Titles: Real Estate Appraiser; Appraiser; Staff Appraiser; Certified Real Estate Appraiser; Residential Real Estate Appraiser; Commercial Real Estate Appraiser; Residential Fee Appraiser; Certified Residential Real Estate Appraiser; Real Property Appraiser; Valuation Consultant

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Source: O*NET OnLine information for Appraisers, Real Estate.

More Business and Financial Operations Careers

  • Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
  • Collect and analyze relevant data to identify real estate market trends.
  • Inspect properties to evaluate construction, condition, special features, and functional design, and to take property measurements.
  • Examine income records and operating costs of income properties.
  • Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
  • Search public records for transactions such as sales, leases, and assessments.
  • Check building codes and zoning bylaws to determine any effects on the properties being appraised.
  • Verify legal descriptions of properties by comparing them to county records.
  • Interview persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information.
  • Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
  • Obtain county land values and sales information about nearby properties to aid in establishment of property values.
  • Examine the type and location of nearby services, such as shopping centers, schools, parks, and other neighborhood features, to evaluate their impact on property values.
  • Estimate building replacement costs using building valuation manuals and professional cost estimators.
  • Draw land diagrams that will be used in appraisal reports to support findings.
  • Testify in court as to the value of a piece of real estate property.

Source: O*NET OnLine information for Appraisers, Real Estate.

  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Speaking - Talking to others to convey information effectively.
  • Mathematics - Using mathematics to solve problems.
  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
  • Time Management - Managing one's own time and the time of others.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Source: O*NET OnLine information for Appraisers, Real Estate.

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