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Commercial appraiser vs home appraiser

The differences between commercial appraisers and home appraisers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a commercial appraiser and a home appraiser. Additionally, a commercial appraiser has an average salary of $43,866, which is higher than the $42,496 average annual salary of a home appraiser.

The top three skills for a commercial appraiser include real estate, MAI and real property. The most important skills for a home appraiser are sketch, fair market value, and .

Commercial appraiser vs home appraiser overview

Commercial AppraiserHome Appraiser
Yearly salary$43,866$42,496
Hourly rate$21.09$20.43
Growth rate7%7%
Number of jobs27,52139,904
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 55%
Average age4949
Years of experience44

Commercial appraiser vs home appraiser salary

Commercial appraisers and home appraisers have different pay scales, as shown below.

Commercial AppraiserHome Appraiser
Average salary$43,866$42,496
Salary rangeBetween $28,000 And $67,000Between $27,000 And $66,000
Highest paying CitySan Francisco, CA-
Highest paying stateAlaska-
Best paying companyM&T Bank-
Best paying industryInsurance-

Differences between commercial appraiser and home appraiser education

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

Commercial AppraiserHome Appraiser
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commercial appraiser vs home appraiser demographics

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

Commercial AppraiserHome Appraiser
Average age4949
Gender ratioMale, 69.5% Female, 30.5%Male, 73.1% Female, 26.9%
Race ratioBlack 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%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 Percentage8%8%

Differences between commercial appraiser and home appraiser duties and responsibilities

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.
  • Show more

Home appraiser example responsibilities.

  • Create sketch of home using various software programs.
  • Provide detailed written reviews of residential properties ensuring USPAP guidelines, federal regulatory requirements and lender appraisal guidelines are met.
  • Gain familiarity with FNMA, underwriting, and regulatoryguidelines.

Commercial appraiser vs home appraiser skills

Common commercial appraiser skills
  • Real Estate, 18%
  • MAI, 8%
  • Real Property, 7%
  • USPAP, 5%
  • Market Data, 5%
  • Comparable Properties, 4%
Common home appraiser skills
  • Sketch, 55%
  • Fair Market Value, 45%

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