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Licensed appraiser vs home appraiser

The differences between licensed 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 licensed appraiser and a home appraiser. Additionally, a licensed appraiser has an average salary of $43,844, which is higher than the $42,496 average annual salary of a home appraiser.

The top three skills for a licensed appraiser include real estate appraisals, market data and property inspections. The most important skills for a home appraiser are sketch, fair market value, and .

Licensed appraiser vs home appraiser overview

Licensed AppraiserHome Appraiser
Yearly salary$43,844$42,496
Hourly rate$21.08$20.43
Growth rate7%7%
Number of jobs10,88739,904
Job satisfaction--
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 55%
Average age4949
Years of experience44

Licensed appraiser vs home appraiser salary

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

Licensed AppraiserHome Appraiser
Average salary$43,844$42,496
Salary rangeBetween $28,000 And $67,000Between $27,000 And $66,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between licensed appraiser and home appraiser education

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

Licensed AppraiserHome Appraiser
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Licensed appraiser vs home appraiser demographics

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

Licensed AppraiserHome Appraiser
Average age4949
Gender ratioMale, 59.9% Female, 40.1%Male, 73.1% Female, 26.9%
Race ratioBlack or African American, 4.6% Unknown, 3.9% Hispanic or Latino, 6.8% Asian, 2.9% White, 81.4% 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 licensed appraiser and home appraiser duties and responsibilities

Licensed appraiser example responsibilities.

  • Manage valuation disputes of clients with in-house or fee appraisers, submit BPO's/Appraisal reports error and concerns.
  • Provide mobile loan signing services for professional agencies/title companies/mortgage lenders; train prospective notaries public on proper signing procedure/details/etiquette.
  • Recommend disciplinary action to HUD, various government agencies, the Connecticut court system, and other clients.
  • Perform and/or oversee performance of appraisals of HUD foreclose properties throughout Virginia.

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.

Licensed appraiser vs home appraiser skills

Common licensed appraiser skills
  • Real Estate Appraisals, 17%
  • Market Data, 8%
  • Property Inspections, 8%
  • Residential Appraisals, 7%
  • Comp, 6%
  • FHA, 6%
Common home appraiser skills
  • Sketch, 55%
  • Fair Market Value, 45%

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