Appraisers and Assessors of Real Estate: Career Profile
Appraise real estate, exclusively, and estimate its fair value. May assess taxes in accordance with prescribed schedules.
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What Tasks Do Appraisers and Assessors of Real Estate Do?
The core tasks performed by 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.
What Appraisers and Assessors of Real Estate Need to Know
Effective appraisers and assessors of real estate combine a mix of skills and domain knowledge.
Most Important Skills
The abilities most central to this role, rated on an importance scale of 0 to 5:
Knowledge Areas
Related Job Titles
People in this occupation may also be known by titles such as:
- Appraisal Manager
- Appraisal Reviewer
- Appraisal Specialist
- Appraiser
- Assessor
- Bank Appraiser
- Certified Real Estate Appraiser
- Certified Residential Appraiser
Employment and Demand
There are roughly 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.
Salary for Appraisers and Assessors of Real Estate
| 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 |
Compensation varies based on experience, location, and industry.
Tech Stack
- 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)
Work Environment
The on-the-job environment of appraisers and assessors of real estate is shaped by the following characteristics:
- Telephone Conversations
- Importance of Being Exact or Accurate
- Time Pressure
- Freedom to Make Decisions
Getting Started in This Career
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), signaling 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)
Degree Programs
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
References
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).
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