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Career Details :: Appraisers, Real Estate
Description
Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.
Experience
A minimum of two to four years 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.
Training
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Tasks
- Considers such factors as depreciation, value comparison of similar property, and income potential, when computing final estimation of property value.
- Photographs interiors and exteriors of property to assist in estimating property value, to substantiate finding, and to complete appraisal report.
- Inspects property for construction, condition, and functional design and takes property measurements.
- Interviews persons familiar with property and immediate surroundings, such as contractors, homeowners, and other realtors to obtain pertinent information.
- Searches public records for transactions, such as sales, leases, and assessments.
- Prepares written report, utilizing data collected, and submits report to corroborate value established.
- Considers location and trends or impending changes that could influence future value of property.
Related Careers
- Adjustment Clerks
- Assessors
- Claims Examiners, Property and Casualty Insurance
- Insurance Adjusters, Examiners, and Investigators
- Insurance Appraisers, Auto Damage
- Licensing Examiners and Inspectors
Important Abilities
General Work Activities
- Judging Qualities of Things, Service, People
- Getting Information Needed to Do the Job
- Identifying Objects, Actions, and Events
- Updating & Using Job-Relevant Knowledge
- Analyzing Data or Information
Important Skills
Frequent Work Context
- Importance of Being Exact or Accurate
- Importance of Being Sure All Is Done
- Job-Required Social Interaction
- Objective or Subjective Information
- Consequence of Error
Related Majors
| Major | Add to XapPack |
|---|---|
| Finance/Real Estate |  [ add ] |
| Finance/Real Estate/Law | [ add ] |
| Real Estate | [ add ] |
| Real Estate Development | [ add ] |
| Real Estate/International Business | [ add ] |
| Real Estate/Metropolitan Development | [ add ] |
Institutions Offering Related Majors
No institutions found.