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Real estate appraiser vs appraiser

The differences between real estate appraisers and 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 real estate appraiser and an appraiser. Additionally, a real estate appraiser has an average salary of $54,616, which is higher than the $42,223 average annual salary of an appraiser.

The top three skills for a real estate appraiser include residential real estate, real estate appraisals and real property. The most important skills for an appraiser are commercial property, appraisal reports, and customer service.

Real estate appraiser vs appraiser overview

Real Estate AppraiserAppraiser
Yearly salary$54,616$42,223
Hourly rate$26.26$20.30
Growth rate7%7%
Number of jobs18,1571,186
Job satisfaction4-
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 62%
Average age4949
Years of experience44

What does a real estate appraiser do?

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What does an appraiser do?

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. The essential skills that an appraiser should possess to accomplish such responsibilities include a keen eye for details, strong communication, analytical, and problem-solving skills, and the ability to work under pressure. The education requirements for the job vary depending on the area of focus.

Real estate appraiser vs appraiser salary

Real estate appraisers and appraisers have different pay scales, as shown below.

Real Estate AppraiserAppraiser
Average salary$54,616$42,223
Salary rangeBetween $37,000 And $80,000Between $29,000 And $59,000
Highest paying CityLas Vegas, NVSan Mateo, CA
Highest paying stateNew JerseyCalifornia
Best paying companyJPMorgan Chase & Co.City National Bank
Best paying industryTechnologyInsurance

Differences between real estate appraiser and appraiser education

There are a few differences between a real estate appraiser and an appraiser in terms of educational background:

Real Estate AppraiserAppraiser
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Real estate appraiser vs appraiser demographics

Here are the differences between real estate appraisers' and appraisers' demographics:

Real Estate AppraiserAppraiser
Average age4949
Gender ratioMale, 66.5% Female, 33.5%Male, 67.8% Female, 32.2%
Race ratioBlack or African American, 4.7% Unknown, 3.9% Hispanic or Latino, 6.9% Asian, 2.9% White, 81.1% American Indian and Alaska Native, 0.4%Black or African American, 4.6% Unknown, 3.9% Hispanic or Latino, 6.8% Asian, 2.9% White, 81.5% American Indian and Alaska Native, 0.4%
LGBT Percentage8%8%

Differences between real estate appraiser and appraiser duties and responsibilities

Real estate appraiser example responsibilities.

  • Manage valuation disputes of clients with in-house or fee appraisers, submit BPO's/Appraisal reports error and concerns.
  • Produce high value appraisals for commercial and residential REO properties.
  • Work directly with senior real estate appraiser and MAI designate appraisers.
  • Assist and collaborate with a MAI on assignments including inspections and comparable selection.
  • Handle property value appeals from taxpayers and communicate with them to keep them inform.
  • Input measurements, photos, and data collect at inspection of residence into ACI program.
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Appraiser example responsibilities.

  • Cross-Train in numerous banking/lending fields relate to real property appraisal such as underwriting, loan processing, and loan origination.
  • Experience in appraising single family residences, condominiums, raw land, develop lots, construction appraisals, and final inspections.
  • Complete commercial appraisal assignments in Illinois under a supervising MAI.
  • Prepare analysis of valuation issues for federal agency rent appeals, federal acquisitions, and litigation.
  • Provide oversight of the appraisers, to insure they are FHA approve.
  • Handle total losses by obtaining CCC reports, obtaining DMV documents and contacting lien holders.
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Real estate appraiser vs appraiser skills

Common real estate appraiser skills
  • Residential Real Estate, 18%
  • Real Estate Appraisals, 6%
  • Real Property, 5%
  • Residential Properties, 4%
  • Fair Market Value, 4%
  • Market Data, 4%
Common appraiser skills
  • Commercial Property, 13%
  • Appraisal Reports, 12%
  • Customer Service, 7%
  • MAI, 6%
  • Discounted Cash Flow, 5%
  • Market Research, 4%

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