Life As a Real Estate Appraiser
Career Description Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.
Daily Life Of a Real Estate Appraiser
- Collect and analyze relevant data to identify real estate market trends.
- Estimate building replacement costs using building valuation manuals and professional cost estimators.
- Examine income records and operating costs of income properties.
- Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
- Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
- Search public records for transactions such as sales, leases, and assessments.
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.
Related Job Titles for this Occupation:
- Licensed Appraiser
- Claims Staff Appraiser
- Real Estate Appraiser Supervisor
- Certified Residential Real Estate Appraiser
- Real Property Appraiser
Real Estate Appraiser Job Outlook
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. 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.
Real Estate Appraiser Average Salary
Real Estate Appraisers make between $29,690 and $102,590 a year.
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 to Become a Real Estate Appraiser
What education is needed to be a Real Estate Appraiser?
What work experience do I need to become a Real Estate Appraiser?
Where Real Estate Appraisers Work
The table below shows some of the most common industries where those employed in this career field work.
Those thinking about becoming a Real Estate Appraiser might also be interested in the following careers:
More about our data sources and methodologies.
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