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Appraisers, Real Estate

Also called: Appraiser, Certified Real Estate Appraiser, Real Estate Appraiser, Valuation Consultant

What they do:
Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.
On the job, you would:
  • 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.
  • Collect and analyze relevant data to identify real estate market trends.

Knowledge

Arts and Humanities
  • English language
Math and Science
  • arithmetic, algebra, geometry, calculus, or statistics
  • geography
Engineering and Technology
  • computers and electronics
  • building and construction
Business
  • customer service

Skills

Basic Skills
  • reading work related information
  • listening to others, not interrupting, and asking good questions
Problem Solving
  • noticing a problem and figuring out the best way to solve it

Abilities

Verbal
  • listen and understand what people say
  • read and understand what is written
Ideas and Logic
  • make general rules or come up with answers from lots of detailed information
  • use rules to solve problems
Math
  • choose the right type of math to solve a problem
  • add, subtract, multiply, or divide

Personality

People interested in this work like activities that include leading, making decisions, and business.
They do well at jobs that need:
  • Integrity
  • Attention to Detail
  • Analytical Thinking
  • Independence
  • Dependability
  • Persistence

Technology

You might use software like this on the job:

Financial analysis software
  • CPR Visual Estimator
  • Manufacturing Technology Costimater
Analytical or scientific software
  • a la mode WinTOTAL
  • Construction Management Software ProEst
Data base user interface and query software
  • Ascend Property Assessment
  • eTrac software

Education

Education: (rated 4 of 5)
bachelor's degree or
associate's degree
usually needed

Get started on your career:

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Job Outlook

Below Average Outlook
New job opportunities are less likely in the future.
Salary
$51,030
per year, on average
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See more details at O*NET OnLine about appraisers, real estate.