Appraisers and Assessors of Real Estate: Career Profile
Appraise real estate, exclusively, and estimate its fair value. May assess taxes in accordance with prescribed schedules.
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The Daily Work of Appraisers and Assessors of Real Estate Take On?
The day-to-day responsibilities of appraisers and assessors of real estate cover:
- Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
- Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
- Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
- Search public records for transactions such as sales, leases, and assessments.
- Obtain county land values and sales information about nearby properties to aid in establishment of property values.
- Maintain familiarity with aspects of local real estate markets.
- Inspect properties, considering factors such as market value, location, and building or replacement costs to determine appraisal value.
- Collect and analyze relevant data to identify real estate market trends.
Skills and Knowledge
Successful appraisers and assessors of real estate combine a mix of skills and domain knowledge.
Key Skills
The abilities that matter most in this role, rated on an importance scale of 0 to 5:
Core Knowledge
Other Appraisers and Assessors of Real Estate Job Titles
This career also goes by job titles like:
- Appraisal Manager
- Appraisal Reviewer
- Appraisal Specialist
- Appraiser
- Assessor
- Bank Appraiser
- Certified Real Estate Appraiser
- Certified Residential Appraiser
How Many Appraisers and Assessors of Real Estate Are There?
There are roughly 509,381 appraisers and assessors of real estate working in the United States today. This occupation is expected to grow by +13.0% over the projection horizon.
How Much Do Appraisers and Assessors of Real Estate Make?
| Statistic | Value |
|---|---|
| Annual median | $61,167 |
| Hourly median | $29.41 |
| 10th percentile | $39,713 |
| 25th percentile | $50,440 |
| 75th percentile | $71,895 |
| 90th percentile | $82,622 |
Compensation varies based on experience, location, and industry.
Tech Stack
- Operating system software: Apple iOS (hot technology)
- Office suite software: Google Workspace software (hot technology)
- Data base user interface and query software: Microsoft Access (hot technology)
- Spreadsheet software: Microsoft Excel (hot technology)
- Office suite software: Microsoft Office software (hot technology)
- Electronic mail software: Microsoft Outlook (hot technology)
- Presentation software: Microsoft PowerPoint (hot technology)
- Operating system software: Microsoft Windows (hot technology)
- Word processing software: Microsoft Word (hot technology)
- Data base user interface and query software: Yardi software (hot technology)
The Day-to-Day Environment
Daily working conditions for appraisers and assessors of real estate is shaped by the following characteristics:
- Telephone Conversations
- Importance of Being Exact or Accurate
- Time Pressure
- Freedom to Make Decisions
How to Become Appraisers and Assessors of Real Estate
Most appraisers and assessors of real estate positions require a bachelor’s degree as the typical entry-level education. The role falls in Considerable Preparation Needed (Job Zone 4), indicating the level of preparation typically expected.
Similar Occupations
Similar Occupations
- Property, Real Estate, and Community Association Managers (Primary-Short)
- Purchasing Agents, Except Wholesale, Retail, and Farm Products (Supplemental)
- Insurance Appraisers, Auto Damage (Primary-Long)
- Government Property Inspectors and Investigators (Primary-Short)
- Cost Estimators (Primary-Long)
- Accountants and Auditors (Primary-Long)
- Appraisers of Personal and Business Property (Primary-Short)
- Credit Analysts (Supplemental)
Where to Study
Students preparing for appraisers and assessors of real estate often complete programs in:
Business, Management, Marketing, and Related Support Services
1 programs across 1 majors
Architecture and Related Services
1 programs across 1 majors
References
Statistics shown above are sourced from the following authoritative sources:
- U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OEWS) for employment and wage data by state and industry.
- BLS Employment Projections for total employment and growth forecasts.
- O*NET (Occupational Information Network) for skills, knowledge, tasks, work activities, work context, technology, and education-zone data.
SOC code: 13-2023.00 (Appraisers and Assessors of Real Estate).
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