What is a Real Estate Appraiser?
Position Description Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.
Real Estate Appraiser Responsibilities
- Testify in court as to the value of a piece of real estate property.
- Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
- Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
- Check building codes and zoning bylaws to determine any effects on the properties being appraised.
- 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.
- Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
What a Real Estate Appraiser Should Know
These are the skills Real Estate Appraisers say are the most useful in their careers:
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
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.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Speaking: Talking to others to convey information effectively.
Types of Real Estate Appraiser
- Residential Staff Specialist
- Residential Fee Appraiser
- Commercial Real Estate Appraiser
- Valuation Consultant
Is There Going to be Demand for Real Estate Appraisers?
In 2016, there was an estimated number of 80,800 jobs in the United States for Real Estate Appraiser. New jobs are being produced at a rate of 14.4% which is above the national average. The Bureau of Labor Statistics predicts 11,600 new jobs for Real Estate Appraiser by 2026. Due to new job openings and attrition, there will be an average of 6,700 job openings in this field each year.
The states with the most job growth for Real Estate Appraiser are Utah, Nevada, and Colorado. Watch out if you plan on working in Maryland, Alaska, or Maine. These states have the worst job growth for this type of profession.
Salary for a Real Estate Appraiser
The typical yearly salary for Real Estate Appraisers is somewhere between $29,690 and $102,590.
Real Estate Appraisers who work in District of Columbia, Nevada, or California, make the highest salaries.
Below is a list of the median annual salaries for Real Estate Appraisers in different U.S. states.
|State||Annual Mean Salary|
|District of Columbia||$93,730|
Tools & Technologies Used by Real Estate Appraisers
Below is a list of the types of tools and technologies that Real Estate Appraisers may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Web browser software
- Word processing software
- Microsoft Windows
- Geomechanical design analysis GDA software
- CPR Visual Estimator
- Cost estimation software
- Construction Management Software ProEst
- CPR International GeneralCOST Estimator
- a la mode WinTOTAL
- WinEstimator WinEst
- RealData Comparative Lease Analysis
- Softree Technical Systems Terrain Tools
- Wilson’s Computer Applications RealEasy Appraisals
- Greenbrier Graphics Deed Plotter
- RPIS Silent CMA
- Govern Software Land and Permits Management System
How do I Become a Real Estate Appraiser?
Learn what Real Estate Appraiser education requirements there are.
What work experience do I need to become a Real Estate Appraiser?
Where do Real Estate Appraisers Work?
Below are examples of industries where Real Estate Appraisers work:
Those interested in being a Real Estate Appraiser may also be interested in:
More about our data sources and methodologies.
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