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Real Estate Appraiser

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Life As a Real Estate Appraiser

Job Description & Duties Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.

Real Estate Appraiser Responsibilities

  • Testify in court as to the value of a piece of real estate property.
  • Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
  • Search public records for transactions such as sales, leases, and assessments.
  • Draw land diagrams that will be used in appraisal reports to support findings.
  • Check building codes and zoning bylaws to determine any effects on the properties being appraised.
  • Collect and analyze relevant data to identify real estate market trends.

Real Estate Appraiser Skills

Below is a list of the skills most Real Estate Appraisers say are important on the job.

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.

  • Engagement Director
  • Real Estate Appraiser Supervisor
  • Valuation Consultant
  • Residential Staff Specialist
  • Real Property Appraiser

Is There Going to be 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.

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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.

Do Real Estate Appraisers Make A Lot Of Money?

The salary for Real Estate Appraisers ranges between about $29,690 and $102,590 a year.

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Real Estate Appraisers who work in District of Columbia, Nevada, or California, make the highest salaries.

How much do Real Estate Appraisers make in each U.S. state?

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

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

Becoming a Real Estate Appraiser

Are there Real Estate Appraisers education requirements?

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How Long Does it Take to Become a Real Estate Appraiser?

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Where do Real Estate Appraisers Work?

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The table below shows some of the most common industries where those employed in this career field work.

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Similar Careers

Those thinking about becoming a Real Estate Appraiser might also be interested in the following careers:

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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