Appraiser vs licensed appraiser

The differences between appraisers and licensed 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 licensed appraiser. Additionally, a licensed appraiser has an average salary of $43,844, 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 licensed appraiser are real estate appraisals, market data, and property inspections.

Appraiser vs licensed appraiser overview

	Appraiser	Licensed Appraiser
Yearly salary	$42,223	$43,844
Hourly rate	$20.30	$21.08
Growth rate	7%	7%
Number of jobs	1,186	10,887
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 62%	Bachelor's Degree, 56%
Average age	49	49
Years of experience	4	4

Appraiser vs licensed appraiser salary

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

	Appraiser	Licensed Appraiser
Average salary	$42,223	$43,844
Salary range	Between $29,000 And $59,000	Between $28,000 And $67,000
Highest paying City	San Mateo, CA	-
Highest paying state	California	-
Best paying company	City National Bank	-
Best paying industry	Insurance	-

Differences between appraiser and licensed appraiser education

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

	Appraiser	Licensed Appraiser
Most common degree	Bachelor's Degree, 62%	Bachelor's Degree, 56%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Appraiser vs licensed appraiser demographics

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

	Appraiser	Licensed Appraiser
Average age	49	49
Gender ratio	Male, 67.8% Female, 32.2%	Male, 59.9% Female, 40.1%
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, 4.6% Unknown, 3.9% Hispanic or Latino, 6.8% Asian, 2.9% White, 81.4% American Indian and Alaska Native, 0.4%
LGBT Percentage	8%	8%

Differences between appraiser and licensed 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.

Licensed appraiser example responsibilities.

Manage valuation disputes of clients with in-house or fee appraisers, submit BPO's/Appraisal reports error and concerns.
Provide mobile loan signing services for professional agencies/title companies/mortgage lenders; train prospective notaries public on proper signing procedure/details/etiquette.
Recommend disciplinary action to HUD, various government agencies, the Connecticut court system, and other clients.
Perform and/or oversee performance of appraisals of HUD foreclose properties throughout Virginia.

Appraiser vs licensed appraiser skills

Common appraiser skills

Commercial Property, 13%
Appraisal Reports, 12%
Customer Service, 7%
MAI, 6%
Discounted Cash Flow, 5%
Market Research, 4%

Common licensed appraiser skills

Real Estate Appraisals, 17%
Market Data, 8%
Property Inspections, 8%
Residential Appraisals, 7%
Comp, 6%
FHA, 6%