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Real estate appraiser vs registered appraiser

The differences between real estate appraisers and registered 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 registered appraiser. Additionally, a real estate appraiser has an average salary of $54,616, which is higher than the $43,356 average annual salary of a registered 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 registered appraiser are appraisal reports, fair market value, and residential real estate.

Real estate appraiser vs registered appraiser overview

Real Estate AppraiserRegistered Appraiser
Yearly salary$54,616$43,356
Hourly rate$26.26$20.84
Growth rate7%7%
Number of jobs18,1571,002
Job satisfaction4-
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 65%
Average age4949
Years of experience44

Real estate appraiser vs registered appraiser salary

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

Real Estate AppraiserRegistered Appraiser
Average salary$54,616$43,356
Salary rangeBetween $37,000 And $80,000Between $28,000 And $66,000
Highest paying CityLas Vegas, NV-
Highest paying stateNew Jersey-
Best paying companyJPMorgan Chase & Co.-
Best paying industryTechnology-

Differences between real estate appraiser and registered appraiser education

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

Real Estate AppraiserRegistered Appraiser
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Real estate appraiser vs registered appraiser demographics

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

Real Estate AppraiserRegistered Appraiser
Average age4949
Gender ratioMale, 66.5% Female, 33.5%Male, 61.5% Female, 38.5%
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, 4.7% Unknown, 3.9% Hispanic or Latino, 6.9% Asian, 2.9% White, 81.1% American Indian and Alaska Native, 0.4%
LGBT Percentage8%8%

Differences between real estate appraiser and registered 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

Registered appraiser example responsibilities.

  • Manage valuation disputes of clients with in-house or fee appraisers, submit BPO's/Appraisal reports error and concerns.
  • Experience valuating single family residential, small income residential, condominium, new construction and HUD certify manufactured housing.
  • Gain familiarity with FNMA, underwriting, and regulatoryguidelines.

Real estate appraiser vs registered 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 registered appraiser skills
  • Appraisal Reports, 42%
  • Fair Market Value, 32%
  • Residential Real Estate, 7%
  • Income Properties, 3%
  • MLS, 3%
  • Property Values, 3%

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