Real estate appraiser vs commercial appraiser

Differences between real estate appraiser and commercial 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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Commercial appraiser example responsibilities.

• 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.
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