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Real estate appraiser hiring summary. Here are some key points about hiring real estate appraisers in the United States:
Here's a step-by-step real estate appraiser hiring guide:
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Before you post your real estate appraiser job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a real estate appraiser for hire on a part-time basis or as a contractor.
A real estate appraiser's background is also an important factor in determining whether they'll be a good fit for the position. For example, real estate appraisers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents real estate appraiser salaries for various positions.
| Type of Real Estate Appraiser | Description | Hourly rate |
|---|---|---|
| Real Estate 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. | $17-38 |
| Appraiser | 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... Show more | $13-28 |
| Residential Appraiser | Just as the name suggests, the residential appraiser assesses buildings and properties before it is sold, mortgaged, taxed, insured, or developed. They evaluate properties by establishing market value and property ratings... Show more | $13-29 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Nevada | $60,551 | $29 |
| 2 | Minnesota | $59,631 | $29 |
| 3 | Virginia | $59,334 | $29 |
| 4 | Illinois | $58,873 | $28 |
| 5 | California | $58,799 | $28 |
| 6 | New York | $58,526 | $28 |
| 7 | District of Columbia | $58,506 | $28 |
| 8 | Texas | $58,142 | $28 |
| 9 | Iowa | $58,135 | $28 |
| 10 | Connecticut | $58,130 | $28 |
| 11 | Pennsylvania | $56,710 | $27 |
| 12 | Washington | $54,195 | $26 |
| 13 | Michigan | $54,174 | $26 |
| 14 | Florida | $52,466 | $25 |
| 15 | Maryland | $52,277 | $25 |
| 16 | Indiana | $50,146 | $24 |
| 17 | Ohio | $49,610 | $24 |
| 18 | Massachusetts | $49,306 | $24 |
| 19 | South Carolina | $47,842 | $23 |
| 20 | Colorado | $44,704 | $21 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | JPMorgan Chase & Co. | $91,422 | $43.95 | 70 |
| 2 | Citi | $88,537 | $42.57 | |
| 3 | J.P. Morgan | $82,127 | $39.48 | |
| 4 | Wells Fargo | $77,499 | $37.26 | 15 |
| 5 | HDR | $70,417 | $33.85 | 5 |
| 6 | Goodwin | $68,133 | $32.76 | |
| 7 | Ernst & Young | $66,860 | $32.14 | 578 |
| 8 | City of Eden Prairie | $60,208 | $28.95 | |
| 9 | Woodforest Financial Group Inc | $59,546 | $28.63 | |
| 10 | LEITNER | $57,261 | $27.53 | |
| 11 | Pennsylvania State Treasurer | $57,235 | $27.52 | 1 |
| 12 | CB Richard Ellis Memphis LLC | $57,235 | $27.52 | |
| 13 | Ben Kinney Companies | $57,235 | $27.52 | |
| 14 | Deloitte | $57,137 | $27.47 | 108 |
| 15 | CBRE Group | $56,655 | $27.24 | 2 |
| 16 | Patrice and Associates Franchising | $56,586 | $27.20 | |
| 17 | Prince George County, Va | $56,421 | $27.13 | 1 |
| 18 | Gtb | $55,770 | $26.81 | |
| 19 | The Place Family Restaurant | $53,628 | $25.78 | 2 |
| 20 | Randstad North America, Inc. | $53,298 | $25.62 |
A real estate appraiser job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a real estate appraiser job description:
There are various strategies that you can use to find the right real estate appraiser for your business:
Recruiting real estate 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.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the real estate appraiser position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize 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 real estate appraiser first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
There are different types of costs for hiring real estate appraisers. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new real estate appraiser employee.
Real estate appraisers earn a median yearly salary is $54,616 a year in the US. However, if you're looking to find real estate appraisers for hire on a contract or per-project basis, hourly rates typically range between $17 and $38.