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Appraiser hiring summary. Here are some key points about hiring appraisers in the United States:
Here's a step-by-step appraiser hiring guide:
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.
Before you start hiring an appraiser, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
You should also consider the ideal background you'd like them an appraiser to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an appraiser that fits the bill.
This list shows salaries for various types of appraisers.
| Type of Appraiser | Description | Hourly rate |
|---|---|---|
| Appraiser | Appraisers and assessors of real estate provide an estimate of the value of land and the buildings on the land usually before it is sold, mortgaged, taxed, insured, or developed. | $13-28 |
| Claims Analyst | A claims analyst specializes in processing medical insurance claims. They are primarily responsible for verifying the authenticity and eligibility of claims, analyzing the billing, communicating with policyholders, and ensuring adherence to all the policies and regulations during the entire procedure... Show more | $13-37 |
| Claims Representative | A Claims Representative is an agent who works for insurance companies in order to investigate and settle claims. The agent acts as an intermediary between customers and insurance companies by evaluating the customers' facts surrounding claims and determining whether the loss is covered or should be compensated... Show more | $13-25 |
Including a salary range in your appraiser job description is one of the best ways to attract top talent. An appraiser can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $58,914 | $28 |
| 2 | Alaska | $57,274 | $28 |
| 3 | New York | $51,284 | $25 |
| 4 | Nevada | $49,975 | $24 |
| 5 | Arizona | $49,495 | $24 |
| 6 | Virginia | $48,379 | $23 |
| 7 | District of Columbia | $48,004 | $23 |
| 8 | Texas | $47,946 | $23 |
| 9 | Pennsylvania | $47,477 | $23 |
| 10 | Washington | $47,375 | $23 |
| 11 | Connecticut | $46,841 | $23 |
| 12 | Rhode Island | $46,318 | $22 |
| 13 | Utah | $45,979 | $22 |
| 14 | Massachusetts | $45,012 | $22 |
| 15 | Colorado | $44,334 | $21 |
| 16 | Minnesota | $44,129 | $21 |
| 17 | Wyoming | $43,867 | $21 |
| 18 | Georgia | $43,820 | $21 |
| 19 | North Carolina | $41,025 | $20 |
| 20 | Ohio | $40,446 | $19 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | City National Bank | $65,368 | $31.43 | |
| 2 | Consultant Engineering | $52,222 | $25.11 | |
| 3 | Farm Bureau Insurance Michigan | $50,142 | $24.11 | |
| 4 | USAA | $49,532 | $23.81 | 2 |
| 5 | The Travelers Companies | $48,999 | $23.56 | 26 |
| 6 | United States Army Corps of Engineers | $47,926 | $23.04 | |
| 7 | Parker Global Strategies | $47,830 | $23.00 | 6 |
| 8 | Kemper | $47,648 | $22.91 | 1 |
| 9 | Mercury Insurance | $47,564 | $22.87 | 2 |
| 10 | CB Richard Ellis Memphis LLC | $47,233 | $22.71 | |
| 11 | Colorado State Express | $47,233 | $22.71 | |
| 12 | The Independent Traveler | $47,230 | $22.71 | 5 |
| 13 | First Western Trust | $47,152 | $22.67 | |
| 14 | Sentry | $47,099 | $22.64 | 1 |
| 15 | Mayor Ethan Berkowitz | $46,864 | $22.53 | |
| 16 | City of El Dorado | $45,327 | $21.79 | |
| 17 | Minnesota Limited | $45,145 | $21.70 | |
| 18 | CBRE Group | $45,063 | $21.66 | |
| 19 | Farm Credit Mid-America | $44,731 | $21.51 | |
| 20 | Forsyth County | $44,718 | $21.50 | 1 |
A good appraiser job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of an appraiser job description:
There are various strategies that you can use to find the right appraiser for your business:
Recruiting appraisers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best appraiser candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Hiring an appraiser comes with both the one-time cost per hire and ongoing costs. The cost of recruiting appraisers involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of appraiser recruiting as well the ongoing costs of maintaining the new employee.
Appraisers earn a median yearly salary is $42,223 a year in the US. However, if you're looking to find appraisers for hire on a contract or per-project basis, hourly rates typically range between $13 and $28.