Appraisers and Assessors of Real Estate: Career Overview
Appraise real estate, exclusively, and estimate its fair value. May assess taxes in accordance with prescribed schedules.
Featured schools near , edit
The Daily Work of Appraisers and Assessors of Real Estate Perform?
The day-to-day responsibilities of appraisers and assessors of real estate cover:
- Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
- Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
- Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
- Search public records for transactions such as sales, leases, and assessments.
- Obtain county land values and sales information about nearby properties to aid in establishment of property values.
- Maintain familiarity with aspects of local real estate markets.
- Inspect properties, considering factors such as market value, location, and building or replacement costs to determine appraisal value.
- Collect and analyze relevant data to identify real estate market trends.
Key Skills and Knowledge
Effective appraisers and assessors of real estate draw on a mix of skills and domain knowledge.
Key Skills
These are the skills most central to this role, rated on an importance scale of 0 to 5:
Top Knowledge Areas
Types of Appraisers and Assessors of Real Estate Jobs
This career also goes by job titles like:
- Appraisal Manager
- Appraisal Reviewer
- Appraisal Specialist
- Appraiser
- Assessor
- Bank Appraiser
- Certified Real Estate Appraiser
- Certified Residential Appraiser
Employment and Demand
The U.S. employs around 509,381 appraisers and assessors of real estate working in the United States today. Employment is projected to grow by +13.0% over the projection horizon.
Appraisers and Assessors of Real Estate Pay
| Statistic | Value |
|---|---|
| Annual median | $61,167 |
| Hourly median | $29.41 |
| 10th percentile | $39,713 |
| 25th percentile | $50,440 |
| 75th percentile | $71,895 |
| 90th percentile | $82,622 |
Wages vary widely based on experience, location, and industry.
Tools and Technology
- Operating system software: Apple iOS (hot technology)
- Office suite software: Google Workspace software (hot technology)
- Data base user interface and query software: Microsoft Access (hot technology)
- Spreadsheet software: Microsoft Excel (hot technology)
- Office suite software: Microsoft Office software (hot technology)
- Electronic mail software: Microsoft Outlook (hot technology)
- Presentation software: Microsoft PowerPoint (hot technology)
- Operating system software: Microsoft Windows (hot technology)
- Word processing software: Microsoft Word (hot technology)
- Data base user interface and query software: Yardi software (hot technology)
The Day-to-Day Environment
The work environment for appraisers and assessors of real estate tends to involve the following characteristics:
- Telephone Conversations
- Importance of Being Exact or Accurate
- Time Pressure
- Freedom to Make Decisions
Education and Training
Typical appraisers and assessors of real estate positions require a bachelor’s degree as the typical entry-level education. This occupation sits in Considerable Preparation Needed (Job Zone 4), reflecting the level of preparation typically expected.
Similar Occupations
Similar Occupations
- Property, Real Estate, and Community Association Managers (Primary-Short)
- Purchasing Agents, Except Wholesale, Retail, and Farm Products (Supplemental)
- Insurance Appraisers, Auto Damage (Primary-Long)
- Government Property Inspectors and Investigators (Primary-Short)
- Cost Estimators (Primary-Long)
- Accountants and Auditors (Primary-Long)
- Appraisers of Personal and Business Property (Primary-Short)
- Credit Analysts (Supplemental)
Where to Study
Aspiring appraisers and assessors of real estate often complete programs in:
Business, Management, Marketing, and Related Support Services
1 programs across 1 majors
Architecture and Related Services
1 programs across 1 majors
Sources
Statistics shown above are sourced from the following authoritative sources:
- U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OEWS) for employment and wage data by state and industry.
- BLS Employment Projections for total employment and growth forecasts.
- O*NET (Occupational Information Network) for skills, knowledge, tasks, work activities, work context, technology, and education-zone data.
SOC code: 13-2023.00 (Appraisers and Assessors of Real Estate).
BusinessDegreeCentral.com provides higher-education, college and university, degree, program, career, salary, and other helpful information to students, faculty, institutions, and other internet audiences. Presented information and data are subject to change. Inclusion on this website does not imply or represent a direct relationship with the company, school, or brand. Information, though believed correct at time of publication, may not be correct, and no warranty is provided. Contact the schools to verify any information before relying on it. Financial aid may be available for those who qualify. The displayed options may include sponsored or recommended results, not necessarily based on your preferences.
© BusinessDegreeCentral.com – All Rights Reserved.