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Real estate appraiser vs licensed appraiser

The differences between real estate appraisers and licensed 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 a licensed appraiser. Additionally, a real estate appraiser has an average salary of $54,616, which is higher than the $43,844 average annual salary of a licensed 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 a licensed appraiser are real estate appraisals, market data, and property inspections.

Real estate appraiser vs licensed appraiser overview

Real Estate AppraiserLicensed Appraiser
Yearly salary$54,616$43,844
Hourly rate$26.26$21.08
Growth rate7%7%
Number of jobs18,15710,887
Job satisfaction4-
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 56%
Average age4949
Years of experience44

Real estate appraiser vs licensed appraiser salary

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

Real Estate AppraiserLicensed Appraiser
Average salary$54,616$43,844
Salary rangeBetween $37,000 And $80,000Between $28,000 And $67,000
Highest paying CityLas Vegas, NV-
Highest paying stateNew Jersey-
Best paying companyJPMorgan Chase & Co.-
Best paying industryTechnology-

Differences between real estate appraiser and licensed appraiser education

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

Real Estate AppraiserLicensed Appraiser
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 56%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Real estate appraiser vs licensed appraiser demographics

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

Real Estate AppraiserLicensed Appraiser
Average age4949
Gender ratioMale, 66.5% Female, 33.5%Male, 59.9% Female, 40.1%
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, 81.4% American Indian and Alaska Native, 0.4%
LGBT Percentage8%8%

Differences between real estate appraiser and licensed 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.
  • Show more

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.

Real estate appraiser vs licensed 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 licensed appraiser skills
  • Real Estate Appraisals, 17%
  • Market Data, 8%
  • Property Inspections, 8%
  • Residential Appraisals, 7%
  • Comp, 6%
  • FHA, 6%

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