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Become A Real Estate Analyst

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Working As A Real Estate Analyst

  • Analyzing Data or Information
  • Getting Information
  • Making Decisions and Solving Problems
  • Interacting With Computers
  • Processing Information
  • Mostly Sitting

  • Stressful

  • $65,100

    Average Salary

What Does A Real Estate Analyst Do

A Real Estate Analyst provides financial analysis in support of the financing, acquisition, marketing, and leasing of a certain property. They also research and analyze new business opportunities.

How To Become A Real Estate Analyst

The requirements to become a fully qualified appraiser or assessor of real estate are complex and vary by state and, sometimes, by the value or type of property. Most appraisers of residential or commercial property must have at least a bachelor’s degree to obtain the entry-level state license category. Check with your state's licensing board for specific requirements for both assessors and appraisers.

Education

Although requirements may vary by state, appraisers of residential or commercial property usually must have at least a bachelor’s degree.

College courses in subjects such as economics, finance, mathematics, computer science, English, and business or real estate law can be useful for prospective appraisers and assessors.

Most states set education and experience requirements that assessors must meet in order to practice. A few states have no statewide requirements; instead, each locality sets the standards. In some localities, candidates may qualify with a high school diploma.

Training

Employers generally require candidates to take basic appraisal courses, complete long-term on-the-job training, and work enough hours to meet the requirements for licenses or certificates. 

Licenses, Certifications, and Registrations

Federal law requires appraisers to have a state license or certification when working on federally related transactions, such as appraisals for loans made by federally insured banks and financial institutions. The Appraisal Foundation (TAF) offers information on appraisal licensing. There is no such federal requirement for assessors, although some states require certification. For state specific requirements, applicants should contact their state board.

Real property appraisers usually value one property at a time, while assessors value many at once, but both occupations use similar methods and techniques. As a result, assessors and appraisers tend to take the same courses for certification. In addition to passing a statewide examination, candidates must usually complete a set number of on-the-job hours.

The credential level determines what type of property a person may appraise. The four federal appraiser classifications are as follows:

    • Licensed Trainee Real Property Appraiser

    • Licensed Residential Real Property Appraiser

    • Certified Residential Real Property Appraiser

    • Certified General Real Property Appraiser

Many states offer a Licensed Trainee Real Property Appraiser credential to candidates working toward licensure or certification. Training programs vary by state, but they usually require candidates to take at least 75 hours of specified appraiser education before applying for a job as a trainee.

Many states offer the Licensed Residential Real Property Appraiser. With this license, a qualified person may appraise noncomplex one-to-four unit residences with a value of less than $1 million and complex one-to-four unit residences with a value of less than $250,000. A candidate must have the following qualifications to get this certificate:

    • 30 semester hours of college-level education

    • 150 hours of appraiser-qualifying education

    • 2,000 hours of on-the-job training completed over at least 1 year

Being a Certified Residential Real Property Appraiser is the minimum requirement to appraise a residential property with a loan amount over $250,000 or any other type of residential property even if the loan amount is less than $250,000. A candidate must have the following qualifications to get this certificate:

    • Bachelor’s degree

    • 200 hours of appraiser-specific qualifying education

    • 2,500 hours of work experience completed over at least 2 years

Being a Certified General Real Property Appraiser permits a person to appraise real property of any type and any value. A candidate must have the following qualifications to get this certificate:

    • Bachelor’s degree 

    • 300 hours of appraiser-specific qualifying education

    • 3,000 hours of work experience completed over at least 2½ years

For all of these credentials, except the Trainee License credential, candidates must have the following qualifications:

    • Have 15 hours of classroom instruction on the Uniform Standards of Professional Appraisal Practice

    • Pass an exam

Unlike appraisers, assessors have no federal requirement for certification. In states that mandate certification for assessors, the requirements are usually similar to those for appraisers. For example, the International Association of Assessing Officers (IAAO) offers the Certified Assessment Evaluator (CAE). This designation covers topics that include property valuation for tax purposes, property tax administration, and property tax policy. Applicants are required to have a bachelor's degree prior to obtaining the designation.

For those states that do not require certification for assessors, the hiring office usually requires the candidate to take basic appraisal courses, complete on-the-job training, and meet the work-hours requirements for appraisal licenses or certificates. Many assessors also have a state appraiser license or credential.

Assessors tend to start working in an assessor's office that provides on-the-job training; smaller municipalities are often unable to provide this work experience. An alternate source of experience for aspiring assessors is through a revaluation firm.

Both appraisers and assessors must take continuing education courses to keep the license or certification. Exact requirements vary by state and certification.

Important Qualities

Analytical skills. Appraisers and assessors of real estate use many sources of data when valuing a property. As a result, they must carefully research and analyze all factors before estimating a value and producing a final written report.

Customer-service skills. Because appraisers must regularly interact with clients, being polite and friendly is important. In addition, these characteristics may help expand future business opportunities.

Math skills. Accurately analyzing real estate data includes such steps as calculating square footage of land and building space, so workers must have good math skills.

Organizational skills. To successfully accomplish all the tasks related to appraising and assessing a property, appraisers and assessors of real estate need good organizational skills.

Problem-solving skills. Appraising or assessing a property's value may involve unexpected problems. The ability to develop and apply an alternative solution is crucial to successfully completing the appraisal and report on time.

Time-management skills. Appraisers and assessors of real estate often work under time constraints, sometimes appraising many properties in a single day. As a result, managing time and meeting deadlines are important.

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Real Estate Analyst jobs

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Real Real Estate Analyst Salaries

Job Title Company Location Start Date Salary
International Real Estate Marketing Analyst Extell Development Company New York, NY Mar 28, 2016 $177,500
Real Estate Acquisitions Analyst GNR Equities Philadelphia, PA Jan 08, 2016 $150,000
Analyst, Real Estate Portfolio (Innovation, Strategy and ANA Club Quarters Management Co., LLC Stamford, CT Aug 02, 2016 $145,000
International Real Estate Marketing Analyst Extell Development Company New York, NY Aug 26, 2016 $145,000 -
$155,000
Real Estate Financial Analyst Brookhill Property Holdings LLC New York, NY Sep 01, 2015 $120,000
Real Estate Financial Analyst Carlton Advisory Services, Inc. New York, NY Apr 09, 2016 $120,000
Real Estate Analyst Kennedy-Wilson, Inc. Beverly Hills, CA Jul 09, 2016 $120,000
Commercial Real Estate Analyst Wellmax Development, LLC. San Gabriel, CA May 19, 2016 $115,752
Senior Real Estate Analyst Colliers International USA, LLC Irvine, CA Sep 01, 2015 $115,000
Real Estate Financial Analyst Newmark Knight Frank Houston, TX Nov 12, 2015 $110,000
Real Estate Financial Analyst Urban American Management LLC West New York, NJ Oct 06, 2016 $110,000
Real Estate Analyst Wasserman & Associates, A Professional Corporation CA Aug 22, 2016 $108,000
Senior Real Estate Analyst Patrick O'Connor & Associates, L.P. Houston, TX Jul 14, 2015 $100,000
Real Estate Financial Analyst Figtree Holdings LLC Sunrise, FL Aug 03, 2016 $78,770
Real Estate Analyst Mirmidones Capital, LLC. New Haven, CT Sep 30, 2015 $78,000
Commercial Real Estate Analyst R & B Realty Los Angeles, CA Jul 15, 2015 $77,000 -
$100,000
Commercial Real Estate Analyst R & B Realty Group Los Angeles, CA Jul 15, 2015 $77,000 -
$100,000
Real Estate Analyst Flowcash Investment, Inc. Danville, CA Sep 26, 2015 $76,800
Real Estate Analyst Fulton Street Ventures LLC San Francisco, CA Nov 04, 2016 $76,000
Real Estate Financial Analyst Haves Pine & Seligman New York, NY Jan 09, 2016 $76,000
Real Estate Valuation Analyst Pike International LLC New Haven, CT Sep 18, 2015 $75,000
Real Estate Analyst ZOAK Management Inc. Oakland, CA Sep 04, 2015 $66,000
Real Estate Analyst Cignature Realty Associates Inc. New York, NY Aug 31, 2016 $65,741
Real Estate Analyst Cindat USA LLC New York, NY Oct 09, 2016 $65,407
Commercial Real Estate Analyst Three Rams Investments, LLC Las Vegas, NV May 18, 2015 $65,219
Analyst, Commercial Real Estate Hanover Street Capital, LLC New York, NY Aug 15, 2016 $65,187 -
$100,000
Real Estate Analyst Haitou Inc. New York, NY Nov 08, 2016 $65,187
Real Estate Analyst The Citadel Group LC Groveland, FL Jan 09, 2016 $65,000
Real Estate Analyst OUE USA Services Corp Los Angeles, CA Oct 04, 2016 $65,000

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Top Skills for A Real Estate Analyst

RealEstateMarketFinancialAnalysisRealEstatePortfolioDueDiligenceProcessRealEstateAssetsAppraisalReportsMarketResearchFinancialStatementsFinancialModelsMarketAnalysisArgusRentRollsPropertyTypesPropertyManagementLegalDocumentsMarketDataIRRRealEstateTransactionsTaxReturnsMarketConditions

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Top Real Estate Analyst Skills

  1. Real Estate Market
  2. Financial Analysis
  3. Real Estate Portfolio
You can check out examples of real life uses of top skills on resumes here:
  • Collected and distributed information pertaining to the real estate market.
  • Performed financial analysis and reported real estate metrics.
  • Perform LGD analysis on real estate portfolio.
  • Managed due diligence process and completed investor submission packages.
  • Presented cash flow evaluations to investors (buyers or sellers of commercial real estate assets).

Top Real Estate Analyst Employers