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Appraiser vs registered appraiser

The differences between appraisers and registered 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 registered appraiser. Additionally, a registered appraiser has an average salary of $43,356, 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 registered appraiser are appraisal reports, fair market value, and residential real estate.

Appraiser vs registered appraiser overview

AppraiserRegistered Appraiser
Yearly salary$42,223$43,356
Hourly rate$20.30$20.84
Growth rate7%7%
Number of jobs1,1861,002
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 65%
Average age4949
Years of experience44

Appraiser vs registered appraiser salary

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

AppraiserRegistered Appraiser
Average salary$42,223$43,356
Salary rangeBetween $29,000 And $59,000Between $28,000 And $66,000
Highest paying CitySan Mateo, CA-
Highest paying stateCalifornia-
Best paying companyCity National Bank-
Best paying industryInsurance-

Differences between appraiser and registered appraiser education

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

AppraiserRegistered Appraiser
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Appraiser vs registered appraiser demographics

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

AppraiserRegistered Appraiser
Average age4949
Gender ratioMale, 67.8% Female, 32.2%Male, 61.5% Female, 38.5%
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, 4.7% Unknown, 3.9% Hispanic or Latino, 6.9% Asian, 2.9% White, 81.1% American Indian and Alaska Native, 0.4%
LGBT Percentage8%8%

Differences between appraiser and registered 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.
  • Show more

Registered appraiser example responsibilities.

  • Manage valuation disputes of clients with in-house or fee appraisers, submit BPO's/Appraisal reports error and concerns.
  • Experience valuating single family residential, small income residential, condominium, new construction and HUD certify manufactured housing.
  • Gain familiarity with FNMA, underwriting, and regulatoryguidelines.

Appraiser vs registered appraiser skills

Common appraiser skills
  • Commercial Property, 13%
  • Appraisal Reports, 12%
  • Customer Service, 7%
  • MAI, 6%
  • Discounted Cash Flow, 5%
  • Market Research, 4%
Common registered appraiser skills
  • Appraisal Reports, 42%
  • Fair Market Value, 32%
  • Residential Real Estate, 7%
  • Income Properties, 3%
  • MLS, 3%
  • Property Values, 3%

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