All About Real Estate Appraisers
Occupation Description Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.
Life As a Real Estate Appraiser
- Draw land diagrams that will be used in appraisal reports to support findings.
- Estimate building replacement costs using building valuation manuals and professional cost estimators.
- Check building codes and zoning bylaws to determine any effects on the properties being appraised.
- Testify in court as to the value of a piece of real estate property.
- Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
- Obtain county land values and sales information about nearby properties to aid in establishment of property values.
What a Real Estate Appraiser Should Know
When polled, Real Estate Appraisers say the following skills are most frequently used in their jobs:
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.
Types of Real Estate Appraiser
- Residential Real Estate Appraiser
- Certified Residential Real Estate Appraiser
- Claims Staff Appraiser
- Residential Staff Specialist
- Valuation Consultant
Job Demand for Real Estate Appraisers
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. The BLS estimates 6,700 yearly job openings in this field.
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
The average yearly salary of a Real Estate Appraiser ranges between $29,690 and $102,590.
Real Estate Appraisers who work in District of Columbia, Nevada, or California, make the highest salaries.
How much do Real Estate Appraisers make in different U.S. states?
|State||Annual Mean Salary|
|District of Columbia||$93,730|
Tools & Technologies Used by Real Estate Appraisers
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?
What kind of Real Estate Appraiser requirements are there?
How Long Does it Take to Become a Real Estate Appraiser?
Where Real Estate Appraisers Work
Below are examples of industries where Real Estate Appraisers work:
Other Jobs You May be Interested In
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More about our data sources and methodologies.
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