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The differences between appraisers and brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $42,223 average annual salary of an appraiser.
The top three skills for an appraiser include commercial property, appraisal reports and customer service. The most important skills for a broker are brokerage, financial services, and insurance products.
| Appraiser | Broker | |
| Yearly salary | $42,223 | $124,861 |
| Hourly rate | $20.30 | $60.03 |
| Growth rate | 7% | 5% |
| Number of jobs | 1,186 | 2,770 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 66% |
| Average age | 49 | 49 |
| Years of experience | 4 | - |
An appraiser is someone who assesses the monetary value of a property such as an automobile, real property, and personal claim. His/Her or her responsibilities include resolving disparities between a property's monetary values and preparing narrative reports for projects. The essential skills that an appraiser should possess to accomplish such responsibilities include a keen eye for details, strong communication, analytical, and problem-solving skills, and the ability to work under pressure. The education requirements for the job vary depending on the area of focus.
Brokers can either be a firm or an individual acting as an intermediary between a securities exchange and an investor. They often provide services to individual investors and traders who cannot engage directly with security exchanges, which only accept orders from their members. They provide investors and traders with an investment plan, market intelligence, and research. They may cross-sell some financial services and products offered by their brokerage firms. They are also typically classified as discount or full-service brokers.
Appraisers and brokers have different pay scales, as shown below.
| Appraiser | Broker | |
| Average salary | $42,223 | $124,861 |
| Salary range | Between $29,000 And $59,000 | Between $68,000 And $227,000 |
| Highest paying City | San Mateo, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | City National Bank | Child Guidance & Family Solutions |
| Best paying industry | Insurance | Insurance |
There are a few differences between an appraiser and a broker in terms of educational background:
| Appraiser | Broker | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between appraisers' and brokers' demographics:
| Appraiser | Broker | |
| Average age | 49 | 49 |
| Gender ratio | Male, 67.8% Female, 32.2% | Male, 63.8% Female, 36.2% |
| Race ratio | Black or African American, 4.6% Unknown, 3.9% Hispanic or Latino, 6.8% Asian, 2.9% White, 81.5% American Indian and Alaska Native, 0.4% | Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 8% | 13% |