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Appraiser vs commercial appraiser

The differences between appraisers and commercial appraisers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an appraiser and a commercial appraiser. Additionally, a commercial appraiser has an average salary of $43,866, 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 commercial appraiser are real estate, MAI, and real property.

Appraiser vs commercial appraiser overview

AppraiserCommercial Appraiser
Yearly salary$42,223$43,866
Hourly rate$20.30$21.09
Growth rate7%7%
Number of jobs1,18627,521
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 75%
Average age4949
Years of experience44

Appraiser vs commercial appraiser salary

Appraisers and commercial appraisers have different pay scales, as shown below.

AppraiserCommercial Appraiser
Average salary$42,223$43,866
Salary rangeBetween $29,000 And $59,000Between $28,000 And $67,000
Highest paying CitySan Mateo, CASan Francisco, CA
Highest paying stateCaliforniaAlaska
Best paying companyCity National BankM&T Bank
Best paying industryInsuranceInsurance

Differences between appraiser and commercial appraiser education

There are a few differences between an appraiser and a commercial appraiser in terms of educational background:

AppraiserCommercial Appraiser
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 75%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Appraiser vs commercial appraiser demographics

Here are the differences between appraisers' and commercial appraisers' demographics:

AppraiserCommercial Appraiser
Average age4949
Gender ratioMale, 67.8% Female, 32.2%Male, 69.5% Female, 30.5%
Race ratioBlack 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, 4.4% Unknown, 3.8% Hispanic or Latino, 6.6% Asian, 2.8% White, 81.9% American Indian and Alaska Native, 0.4%
LGBT Percentage8%8%

Differences between appraiser and commercial appraiser duties and responsibilities

Appraiser example responsibilities.

  • Cross-Train in numerous banking/lending fields relate to real property appraisal such as underwriting, loan processing, and loan origination.
  • Experience in appraising single family residences, condominiums, raw land, develop lots, construction appraisals, and final inspections.
  • Complete commercial appraisal assignments in Illinois under a supervising MAI.
  • Prepare analysis of valuation issues for federal agency rent appeals, federal acquisitions, and litigation.
  • Provide oversight of the appraisers, to insure they are FHA approve.
  • Handle total losses by obtaining CCC reports, obtaining DMV documents and contacting lien holders.
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Commercial appraiser example responsibilities.

  • Achieve specialization in servicing REO clients and knowledge of REO market and asset liquidation procedures as they relate to valuation.
  • State certify and MAI candidate.
  • Meet with taxpayers for initial appeals process.
  • Produce USPAP compliant, credible and clear narrative appraisal reports.
  • Verify the legal descriptions list on property records versus plat records and GIS.
  • Review and monitor all single family property value appeals by owners under county and state laws allowing valuation appeals.
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Appraiser vs commercial appraiser skills

Common appraiser skills
  • Commercial Property, 13%
  • Appraisal Reports, 12%
  • Customer Service, 7%
  • MAI, 6%
  • Discounted Cash Flow, 5%
  • Market Research, 4%
Common commercial appraiser skills
  • Real Estate, 18%
  • MAI, 8%
  • Real Property, 7%
  • USPAP, 5%
  • Market Data, 5%
  • Comparable Properties, 4%

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