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  Appraisers, Real Estate
Summary  |  Description  |  Requirements  |  Salaries  |  Employment  |  Articles  |  Community
  Careers / Appraisers, Real Estate  
     
 
Summary Description
Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.
 
Sample Job Titles

1.

Appraiser

2.

Bank Appraiser

3.

Certified Real Estate Appraiser

4.

Certified Residential Real Estate Appraiser

5.

Commercial Real Estate Appraiser

6.

Engagement Director

7.

Home Appraiser

8.

Licensed Appraiser

9.

Property Appraiser

10.

Real Estate Appraiser

 

11.

Real Estate Appraiser Supervisor

12.

Real Property Appraiser

13.

Registered Appraiser

14.

Residential Appraiser

15.

Residential Fee Appraiser

16.

Residential Property Tax Appraiser

17.

Residential Real Estate Appraiser

18.

Staff Appraiser

19.

Valuation Consultant

 
Job Tasks

Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.

  • Appraise property values.

Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.

  • Prepare financial documents, reports, or budgets.

Collect and analyze relevant data to identify real estate market trends.

  • Analyze market conditions or trends.

Inspect properties to evaluate construction, condition, special features, and functional design, and to take property measurements.

  • Evaluate condition of properties.

Examine income records and operating costs of income properties.

  • Examine financial records.

Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.

  • Appraise property values.

Search public records for transactions such as sales, leases, and assessments.

  • Gather financial records.

Check building codes and zoning bylaws to determine any effects on the properties being appraised.

  • Appraise property values.

Verify legal descriptions of properties by comparing them to county records.

  • Verify accuracy of records.

Interview persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information.

  • Appraise property values.

Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.

  • Create images of data, locations, or products.

Obtain county land values and sales information about nearby properties to aid in establishment of property values.

  • Gather financial 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.

  • Appraise property values.

Estimate building replacement costs using building valuation manuals and professional cost estimators.

  • Estimate costs of goods or services.

Draw land diagrams that will be used in appraisal reports to support findings.

  • Create images of data, locations, or products.

Testify in court as to the value of a piece of real estate property.

  • Testify at legal or legislative proceedings.
 
Work Activities
Importance Work Activity
89
Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.
89
Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
78
Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems.
76
Interacting With Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
75
Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
74
Evaluating Information to Determine Compliance with Standards — Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
70
Updating and Using Relevant Knowledge — Keeping up-to-date technically and applying new knowledge to your job.
65
Documenting/Recording Information — Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
64
Judging the Qualities of Things, Services, or People — Assessing the value, importance, or quality of things or people.
61
Interpreting the Meaning of Information for Others — Translating or explaining what information means and how it can be used.
60
Communicating with Persons Outside Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
60
Identifying Objects, Actions, and Events — Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
59
Estimating the Quantifiable Characteristics of Products, Events, or Information — Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.
59
Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work.
58
Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.
56
Inspecting Equipment, Structures, or Material — Inspecting equipment, structures, or materials to identify the cause of errors or other problems or defects.
55
Scheduling Work and Activities — Scheduling events, programs, and activities, as well as the work of others.
51
Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
48
Provide Consultation and Advice to Others — Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.
46
Performing Administrative Activities — Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.
46
Performing for or Working Directly with the Public — Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.
43
Operating Vehicles, Mechanized Devices, or Equipment — Running, maneuvering, navigating, or driving vehicles or mechanized equipment, such as forklifts, passenger vehicles, aircraft, or water craft.
40
Developing Objectives and Strategies — Establishing long-range objectives and specifying the strategies and actions to achieve them.
39
Thinking Creatively — Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.
38
Resolving Conflicts and Negotiating with Others — Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
34
Monitor Processes, Materials, or Surroundings — Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.
33
Monitoring and Controlling Resources — Monitoring and controlling resources and overseeing the spending of money.
31
Coaching and Developing Others — Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
31
Performing General Physical Activities — Performing physical activities that require considerable use of your arms and legs and moving your whole body, such as climbing, lifting, balancing, walking, stooping, and handling of materials.
29
Training and Teaching Others — Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.
28
Selling or Influencing Others — Convincing others to buy merchandise/goods or to otherwise change their minds or actions.
 
 
 
Nature of the Work
(Abstract from Career Articles)
Appraisers and Assessors of Real Estate

Appraisers and assessors of real estate provide an estimate of the value of land and the buildings on the land usually before it is sold, mortgaged, taxed, insured, or developed.

Read More >>

 
 
Working Conditions
(Abstract from Career Articles)
Appraisers and Assessors of Real Estate

Although appraisers and assessors of real estate work in offices, they often spend a large part of their day visiting properties. Most work full time during regular business hours.

Read More >>

 
 
 
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  Source: MyPlan.com, LLC, 2019; includes information from the O*NET 20.3 database, 2016, and the Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2014-2024 Edition. O*NET™ is a trademark of the U.S. Department of Labor, Employment and Training Administration.  
   
Interesting Fact
The U.S. Treasury once printed $100,000 bills (featuring a portrait of Woodrow Wilson) but none of the bills were ever released into public circulation.
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