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The differences between appraisers and residential 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 residential appraiser. Additionally, a residential appraiser has an average salary of $42,503, 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 residential appraiser are uniform standards, residential real estate, and USPAP.
| Appraiser | Residential Appraiser | |
| Yearly salary | $42,223 | $42,503 |
| Hourly rate | $20.30 | $20.43 |
| Growth rate | 7% | 7% |
| Number of jobs | 1,186 | 8,581 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 65% |
| Average age | 49 | 49 |
| Years of experience | 4 | 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.
Just as the name suggests, the residential appraiser assesses buildings and properties before it is sold, mortgaged, taxed, insured, or developed. They evaluate properties by establishing market value and property ratings. Their duties and responsibilities include visiting a site and conducting a formal appraisal before a building or land is sold or mortgaged. Appraisers keep informed on all current regulations, standards, and best practices.
Appraisers and residential appraisers have different pay scales, as shown below.
| Appraiser | Residential Appraiser | |
| Average salary | $42,223 | $42,503 |
| Salary range | Between $29,000 And $59,000 | Between $29,000 And $61,000 |
| Highest paying City | San Mateo, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | City National Bank | U.S. Bank |
| Best paying industry | Insurance | Automotive |
There are a few differences between an appraiser and a residential appraiser in terms of educational background:
| Appraiser | Residential Appraiser | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between appraisers' and residential appraisers' demographics:
| Appraiser | Residential Appraiser | |
| Average age | 49 | 49 |
| Gender ratio | Male, 67.8% Female, 32.2% | Male, 60.0% Female, 40.0% |
| 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, 4.7% Unknown, 3.9% Hispanic or Latino, 6.9% Asian, 2.9% White, 81.2% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 8% |