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.
Related Job Titles
- 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.
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.
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|
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:
How many years of work experience do I need?
Who Employs Real Estate Appraisers?
Real Estate Appraisers work in the following industries:
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Those interested in being a Real Estate Appraiser may also be interested in:
More about our data sources and methodologies.
Featured Real Estate Schools
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