Appraisers, Real Estate
SOC: 13-2021.02

Description:

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


National Salary Information:

Hourly Statistics:

Annual Statistics:

Source: Bureau of Labor Statistics 2015 wage data.


Employment Projections:

Employment (2014):
85,800 employed

Projected (2024):
92,500 employed

Projected growth (2014-2024)


Source: Bureau of Labor Statistics 2015 2014-2024 employment projections external site. "Projected growth" represents the estimated change in total employment over the projections period (2014-2024). "Projected job openings" represent openings due to growth and replacement.


Alternate Titles:

  • Appraiser
  • Bank Appraiser
  • Certified Real Estate Appraiser
  • Certified Residential Real Estate Appraiser
  • Commercial Real Estate Appraiser
  • Engagement Director
  • Home Appraiser
  • Licensed Appraiser
  • Property Appraiser
  • Real Estate Appraiser
  • Real Estate Appraiser Supervisor
  • Real Property Appraiser
  • Registered Appraiser
  • Residential Appraiser
  • Residential Fee Appraiser
  • Residential Property Tax Appraiser
  • Residential Real Estate Appraiser
  • Staff Appraiser
  • Valuation Consultant


  • Job Zone Four: Considerable Preparation Needed

    Experience:

    A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

    Education:

    Most of these occupations require a four-year bachelor's degree, but some do not.

    Job Training:

    Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.


    Required Skills:

  • Reading Comprehension
  • Active Listening
  • Writing
  • Speaking
  • Mathematics
  • Science
  • Critical Thinking
  • Active Learning
  • Learning Strategies
  • Monitoring
  • Social Perceptiveness
  • Coordination
  • Persuasion
  • Negotiation
  • Instructing
  • Service Orientation
  • Complex Problem Solving
  • Operations Analysis
  • Technology Design
  • Programming
  • Operation Monitoring
  • Operation and Control
  • Troubleshooting
  • Quality Control Analysis
  • Judgment and Decision Making
  • Systems Analysis
  • Systems Evaluation
  • Time Management
  • Management of Financial Resources
  • Management of Material Resources
  • Management of Personnel Resources

  • Knowledge Used:

  • Administration and Management
  • Clerical
  • Economics and Accounting
  • Sales and Marketing
  • Customer and Personal Service
  • Personnel and Human Resources
  • Production and Processing
  • Computers and Electronics
  • Engineering and Technology
  • Design
  • Building and Construction
  • Mechanical
  • Mathematics
  • Psychology
  • Sociology and Anthropology
  • Geography
  • Education and Training
  • English Language
  • History and Archeology
  • Public Safety and Security
  • Law and Government
  • Telecommunications
  • Communications and Media
  • Transportation


  • Tasks:

  • Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
  • Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
  • Search public records for transactions such as sales, leases, and assessments.
  • Inspect properties to evaluate construction, condition, special features, and functional design, and to take property measurements.
  • Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
  • Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
  • Obtain county land values and sales information about nearby properties to aid in establishment of property values.
  • Verify legal descriptions of properties by comparing them to county records.
  • Check building codes and zoning bylaws to determine any effects on the properties being appraised.
  • Estimate building replacement costs using building valuation manuals and professional cost estimators.
  • Examine income records and operating costs of income properties.
  • Interview persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information.
  • 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.
  • Draw land diagrams that will be used in appraisal reports to support findings.
  • Testify in court as to the value of a piece of real estate property.
  • Collect and analyze relevant data to identify real estate market trends.

  • Tools & Technology:

  • Appraisal, mapping, and comparison data reporting systems
  • Carbon monoxide detectors
  • Desktop computers
  • Electronic flood maps
  • Electronic maps
  • Flood Insights
  • Handheld distance meters
  • Laptop computers
  • Laser measuring devices
  • Mapping and geographic analysis systems
  • Mapping or location-based analysis systems
  • Personal digital assistants PDA
  • Real estate mapping and property description systems
  • Ultrasonic distance measurers
  • a la mode Pocket TOTAL
  • a la mode WinTOTAL
  • ACI Appraiser's Choice
  • Apex IV Assessor
  • Apex IV Fee Appraiser
  • Apex MobileSketch
  • Ascend Property Assessment
  • Bradford ClickFORMS
  • Bruno Realty eNeighboorhoods
  • Business Management Systems Municipal Geographic Management System MGMS
  • Computer assisted mass appraisal CAMA software
  • Concierge Systems Report Concierge
  • Construction Management Software ProEst
  • Cost estimation software
  • CPR International GeneralCOST Estimator
  • CPR Visual Estimator
  • CustomCAMA software
  • Emerald Data Deed-Chek
  • eTrac software
  • FBS Data Systems Flexmls
  • GCS Property Assessment and Tax Billing
  • Geomechanical design analysis GDA software
  • Govern Software GovMap
  • Govern Software Land and Permits Management System
  • Greenbrier Graphics Deed Plotter
  • Hansen CAMA
  • HomeValue Plus software
  • Howard and Friends Computer CMA Plus
  • HP 49G+ Appraiser Fee Calculator
  • Informatik MapDraw Deed Mapper
  • Manatron ProVal Plus
  • Manufacturing Technology Costimater
  • Mass appraisal records system MARS software
  • Microsoft Excel
  • Microsoft Office software
  • Microsoft PowerPoint
  • Microsoft Word
  • MicroSolve CAMA
  • Midwest Appraisal Network software
  • Modellium PariTOP
  • Multiple listing service software
  • ProMatch software
  • Real Edge Software
  • Real Estate Center Caparate Calculator
  • RealData Comparative Lease Analysis
  • Realty Tools Toolkit for Market Share
  • RPIS Silent CMA
  • Softree Technical Systems Terrain Tools
  • ValueTech Report Builder
  • Visual PAMSPro
  • Web browser software
  • Wilson's Computer Applications RealEasy Appraisals
  • Wilson's Computer Applications RealEasy Photos Plus
  • WinEstimator WinEst
  • WinGap software


  • business and financial operations


    industry stats

    SOC: 13-0000

    Total Employed: 7,032,560

    Average Annual Salary: $73,800