What is a Real Estate Appraiser?
Job Description: Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.
What Do Real Estate Appraisers Do On a Daily Basis?
- Interview persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information.
- 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.
- Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
- Inspect properties to evaluate construction, condition, special features, and functional design, and to take property measurements.
- Draw land diagrams that will be used in appraisal reports to support findings.
Real Estate Appraiser Needed Skills
Real Estate Appraisers state the following job skills are important in their day-to-day work.
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.
Related Job Titles
- Residential Staff Specialist
- Field Staff Appraiser
- Property Appraiser
- Certified Residential Appraiser
Job Opportunities for Real Estate Appraisers
There were about 80,800 jobs for Real Estate Appraiser in 2016 (in the United States). 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. There will be an estimated 6,700 positions for Real Estate Appraiser per 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.
Average Real Estate Appraisers Salary
The salary for Real Estate Appraisers ranges between about $29,690 and $102,590 a year.
Real Estate Appraisers who work in District of Columbia, Nevada, or California, make the highest salaries.
How much do Real Estate Appraisers make in different U.S. states?
|State||Annual Mean Salary|
|District of Columbia||$93,730|
What Tools do Real Estate Appraisers Use?
Although they’re not necessarily needed for all jobs, the following technologies are used by many Real Estate Appraisers:
- 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 to Become a Real Estate Appraiser
Are there Real Estate Appraisers education requirements?
How many years of work experience do I need?
Where Real Estate Appraisers Work
The table below shows the approximate number of Real Estate Appraisers employed by various industries.
Other Jobs You May be Interested In
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Image Credit: Godrej Mamurdi Pune via Creative Commons Attribution-Share Alike 4.0 International
More about our data sources and methodologies.
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