Life As a Real Estate Appraiser
Position Description Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.
Life As a Real Estate Appraiser
- Check building codes and zoning bylaws to determine any effects on the properties being appraised.
- Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
- Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
- Collect and analyze relevant data to identify real estate market trends.
- Search public records for transactions such as sales, leases, and assessments.
- Verify legal descriptions of properties by comparing them to county records.
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What Every Real Estate Appraiser Should Know
Real Estate Appraisers state the following job skills are important in their day-to-day work.
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.
Related Job Titles for this Occupation:
- Staff Appraiser
- Registered Appraiser
- Residential Fee Appraiser
- Residential Staff Specialist
- Claims Staff Appraiser
Are There Job Opportunities for Real Estate Appraisers?
In the United States, there were 80,800 jobs for Real Estate Appraiser in 2016. 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. Due to new job openings and attrition, there will be an average of 6,700 job openings in this field each year.
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.
Salary for a Real Estate Appraiser
Real Estate Appraisers make between $29,690 and $102,590 a year.
Real Estate Appraisers who work in District of Columbia, Nevada, or California, make the highest salaries.
Below is a list of the median annual salaries for Real Estate Appraisers in different U.S. states.
| 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
Below is a list of the types of tools and technologies that Real Estate Appraisers may use on a daily basis:
- 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 many years of work experience do I need?
Where Real Estate Appraisers Are Employed
The table below shows some of the most common industries where those employed in this career field work.
You May Also Be Interested In…
Those interested in being a Real Estate Appraiser may also be interested in:
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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