What does a commercial appraiser do?
Commercial appraiser responsibilities
Here are examples of responsibilities from real commercial appraiser resumes:
- 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.
- Review appraisals for primarily commercial properties to ensure compliance with FIRREA and USPAP as well as reasonableness of the value conclusion.
- Provide mobile loan signing services for professional agencies/title companies/mortgage lenders; train prospective notaries public on proper signing procedure/details/etiquette.
- Solve any discrepancies within the taxation process effectively & efficiently.
Commercial appraiser skills and personality traits
We calculated that 18% of Commercial Appraisers are proficient in Real Estate, MAI, and Real Property. They’re also known for soft skills such as Analytical skills, Customer-service skills, and Math skills.
We break down the percentage of Commercial Appraisers that have these skills listed on their resume here:
- Real Estate, 18%
Completed original research projects used by firm principal in real estate litigation and courtroom proceedings.
- MAI, 8%
Completed commercial appraisal assignments in Illinois under a supervising MAI.
- Real Property, 7%
Certified General Appraiser (inactive) - No limit on real property type or value
- USPAP, 5%
Prepare written reports that estimate property values, outline methods to meet Uniform Standards of Professional Appraisal (USPAP).
- Market Data, 5%
Apply statistical analysis to review and analyze market data and trends to create appraisal models.
- Comparable Properties, 4%
Gathered data to determine market trends, values, and comparable properties to estimate property values.
"real estate," "mai," and "real property" are among the most common skills that commercial appraisers use at work. You can find even more commercial appraiser responsibilities below, including:
Analytical skills. One of the key soft skills for a commercial appraiser to have is analytical skills. You can see how this relates to what commercial appraisers do because "appraisers and assessors of real estate use many sources of data when valuing a property." Additionally, a commercial appraiser resume shows how commercial appraisers use analytical skills: "completed over 100 subdivision-oriented appraisals with detailed market analysis of growth trends and absorption throughout king and snohomish counties. "
Customer-service skills. Another soft skill that's essential for fulfilling commercial appraiser duties is customer-service skills. The role rewards competence in this skill because "because appraisers must regularly interact with clients, being polite and friendly is important." According to a commercial appraiser resume, here's how commercial appraisers can utilize customer-service skills in their job responsibilities: "inspected commercial real estate, customer service, multi-tasking, helping out wherever needed. "
Math skills. commercial appraisers are also known for math skills, which are critical to their duties. You can see how this skill relates to commercial appraiser responsibilities, because "accurately analyzing real estate data includes such steps as calculating square footage of land and building space, so workers must have good math skills." A commercial appraiser resume example shows how math skills is used in the workplace: "audited and helped write complex real estate appraisals using mathematical assumptions and formulas. "
Organizational skills. For certain commercial appraiser responsibilities to be completed, the job requires competence in "organizational skills." The day-to-day duties of a commercial appraiser rely on this skill, as "to successfully accomplish all the tasks related to appraising and assessing a property, appraisers and assessors of real estate need good organizational skills." For example, this snippet was taken directly from a resume about how this skill applies to what commercial appraisers do: "established strong organizational skills and customer service skills dealing with homeowners and multiple clients on a daily basis. "
Problem-solving skills. A commonly-found skill in commercial appraiser job descriptions, "problem-solving skills" is essential to what commercial appraisers do. Commercial appraiser responsibilities rely on this skill because "appraising or assessing a property's value may involve unexpected problems." You can also see how commercial appraiser duties rely on problem-solving skills in this resume example: "performed technical desk reviews and resolved appraisal issues. "
Time-management skills. Lastly, "time-management skills" is an important element of what a commercial appraiser does. Commercial appraiser responsibilities require this skill because "appraisers and assessors of real estate often work under time constraints, sometimes appraising many properties in a single day." This resume example highlights how commercial appraiser duties rely on this skill: "produce accurate and comprehensive residential real estate appraisals while meeting deadlines and providing customer satisfaction to all clients. "
The three companies that hire the most commercial appraisers are:
- Wells Fargo15 commercial appraisers jobs
- Park National Bank3 commercial appraisers jobs
- Dime Community Bank2 commercial appraisers jobs
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Compare different commercial appraisers
Commercial appraiser vs. Valuation consultant
There are some key differences in the responsibilities of each position. For example, commercial appraiser responsibilities require skills like "mai," "real property," "uspap," and "market data." Meanwhile a typical valuation consultant has skills in areas such as "litigation," "business valuation," "derivative," and "valuation reports." This difference in skills reveals the differences in what each career does.
The education levels that valuation consultants earn slightly differ from commercial appraisers. In particular, valuation consultants are 16.4% more likely to graduate with a Master's Degree than a commercial appraiser. Additionally, they're 0.4% more likely to earn a Doctoral Degree.Commercial appraiser vs. Appraiser assistant
While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that commercial appraiser responsibilities requires skills like "real estate," "mai," "appeals," and "property types." But an appraiser assistant might use other skills in their typical duties, such as, "data entry," "real estate appraisals," "mls," and "schedule appointments."
In general, appraiser assistants achieve similar levels of education than commercial appraisers. They're 5.0% less likely to obtain a Master's Degree while being 0.4% less likely to earn a Doctoral Degree.Commercial appraiser vs. Real estate appraiser supervisor
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a commercial appraiser is likely to be skilled in "real estate," "mai," "real property," and "uspap," while a typical real estate appraiser supervisor is skilled in "landlords," "lease negotiations," "site selection," and "property management."
Most real estate appraiser supervisors achieve a similar degree level compared to commercial appraisers. For example, they're 3.5% less likely to graduate with a Master's Degree, and 3.4% less likely to earn a Doctoral Degree.Commercial appraiser vs. Licensed appraiser
Even though a few skill sets overlap between commercial appraisers and licensed appraisers, there are some differences that are important to note. For one, a commercial appraiser might have more use for skills like "real estate," "mai," "commercial property," and "market research." Meanwhile, some responsibilities of licensed appraisers require skills like "real estate appraisals," "property inspections," "residential appraisals," and "comp. "
The average resume of licensed appraisers showed that they earn similar levels of education compared to commercial appraisers. So much so that theyacirc;euro;trade;re 4.8% less likely to earn a Master's Degree and less likely to earn a Doctoral Degree by 1.1%.Types of commercial appraiser
Updated January 8, 2025
