A real estate appraiser is someone who determines the value of a building or piece of property.
An appraisal happens when a building or piece of land is being bought or sold. Assessments are also made when a property is taxed, mortgaged, insured, or developed.
A real estate appraiser must be an impartial and unbiased judge of the value of that piece of property.
Most real estate appraisers specialize in either residential or commercial property. Appraiser are mainly employed by the government or a real estate firm, although many real estate appraisers are independent contractors.
Real Estate Appraiser Job Description
So what does a real estate appraiser do?
Typically, real estate appraisers do the following:
- Inspect new and existing properties.
- Take photographs of properties for analysis.
- Maintain property records and changes that happen on properties.
- Write detailed reports on properties.
- Research appropriate market areas.
- Defend appraisals in formal and informal appeal proceedings.
- Analyze property data and develop opinions of value.
Is a Real Estate Appraiser a Good Career?
The average annual salary for a real estate appraiser is about $51,000. This salary makes it a high paying job compared to the national average.
Each day as a real estate appraiser is different. As an appraiser, you continuously have new properties that need value determined, must travel to these properties, and then prepare this new data for analysis of value. Appraisers also meet with clients who are seeking a real estate appraisal.
Thinking About a Career as a Real Estate Appraiser?
Stratford Career Institute’s Real Estate Appraiser course can help you learn advanced concepts in this field. It’s a great introductory course that can help you determine if this career is right for you.
You will learn about everything that a real estate appraiser does, including the following and more:
- Detriments of Property Value
- Ethics and Liability for Real Estate Professionals
- Real Estate Appraisal
- Legal Considerations in Appraisal
- Real Estate Economics and Value
- Real Estate and the Economy
- Marketing and Selling Real Estate
Enroll Today to get started and figure out if this career path is right for you!
This educational program is an introductory course designed to help students gain knowledge necessary for the vocational application of this subject. Completion of this program does not fulfill the legal requirements of particular state licenses or certifications, which may require additional training or apprenticeships.
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Loading...Interested in a Real Estate Appraiser Career?
Stratford Career Institute offers a comprehensive course that can help you determine if this career is right for you.