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Real Estate Appraiser

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All About Real Estate Appraisers

Job Description & Duties 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?

  • Search public records for transactions such as sales, leases, and assessments.
  • Examine income records and operating costs of income properties.
  • 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.
  • Verify legal descriptions of properties by comparing them to county records.
  • 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.

What Skills Do You Need to Work as a Real Estate Appraiser?

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.

  • Claims Staff Appraiser
  • Residential Real Estate Appraiser
  • Registered Appraiser
  • Valuation Consultant
  • Residential Fee Appraiser

Are There Job Opportunities for Real Estate Appraisers?

In the United States, there were 80,800 jobs for Real Estate Appraiser in 2016. 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.

Forecasted Number of Jobs for Real Estate Appraisers in U.S.

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 typical yearly salary for Real Estate Appraisers is somewhere between $29,690 and $102,590.

Salary Ranges for Real Estate Appraisers

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
Alabama $54,340
Alaska $76,080
Arizona $49,330
Arkansas $45,180
California $84,130
Colorado $79,390
Connecticut $70,610
District of Columbia $93,730
Florida $53,900
Georgia $54,550
Hawaii $67,870
Idaho $53,090
Illinois $56,520
Indiana $48,740
Iowa $78,680
Kansas $56,800
Kentucky $46,740
Louisiana $52,310
Maine $60,120
Maryland $63,590
Massachusetts $70,150
Michigan $52,730
Minnesota $69,200
Mississippi $57,120
Missouri $55,190
Montana $46,490
Nebraska $71,370
Nevada $94,400
New Hampshire $70,840
New Jersey $73,200
New Mexico $44,710
New York $63,100
North Carolina $57,230
North Dakota $53,840
Ohio $69,650
Oklahoma $49,050
Oregon $69,040
Pennsylvania $59,830
South Carolina $54,130
South Dakota $49,100
Tennessee $57,320
Texas $59,310
Utah $52,280
Vermont $55,870
Virginia $60,420
Washington $69,770
West Virginia $40,710
Wisconsin $66,030
Wyoming $58,600

What Tools & Technology 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 do I Become a Real Estate Appraiser?

Individuals working as a Real Estate Appraiser have obtained the following education levels:

Real Estate Appraiser Degree Level

How many years of work experience do I need?

Real Estate Appraiser Work Experience

Who Employs Real Estate Appraisers?

Real Estate Appraiser Sectors

Real Estate Appraisers work in the following industries:

Real Estate Appraiser Industries

You May Also Be Interested In…

Those interested in being a Real Estate Appraiser may also be interested in:

References:

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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