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Real estate appraiser vs residential fee appraiser

The differences between real estate appraisers and residential fee 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 residential fee appraiser. Additionally, a real estate appraiser has an average salary of $54,616, which is higher than the $43,447 average annual salary of a residential fee 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 residential fee appraiser are residential real estate, income properties, and condominiums.

Real estate appraiser vs residential fee appraiser overview

Real Estate AppraiserResidential Fee Appraiser
Yearly salary$54,616$43,447
Hourly rate$26.26$20.89
Growth rate7%7%
Number of jobs18,1578,527
Job satisfaction4-
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 72%
Average age4949
Years of experience44

Real estate appraiser vs residential fee appraiser salary

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

Real Estate AppraiserResidential Fee Appraiser
Average salary$54,616$43,447
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 residential fee appraiser education

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

Real Estate AppraiserResidential Fee Appraiser
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 72%
Most common majorBusinessReal Estate
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Real estate appraiser vs residential fee appraiser demographics

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

Real Estate AppraiserResidential Fee Appraiser
Average age4949
Gender ratioMale, 66.5% Female, 33.5%Male, 69.0% Female, 31.0%
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, 4.4% Unknown, 3.8% Hispanic or Latino, 6.6% Asian, 2.8% White, 81.9% American Indian and Alaska Native, 0.4%
LGBT Percentage8%8%

Differences between real estate appraiser and residential fee 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

Residential fee appraiser example responsibilities.

  • Manage valuation disputes of clients with in-house or fee appraisers, submit BPO's/Appraisal reports error and concerns.
  • Respond quickly to client's individual needs, and provide high quality USPAP compliant reports.
  • Appraise commercial properties in the Houston area and demonstrate compliance to USPAP and state regulation.
  • Experience valuating single family residential, small income residential, condominium, new construction and HUD certify manufactured housing.
  • Review appraisals and other documents for large commercial mortgage-backed securities.

Real estate appraiser vs residential fee 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 residential fee appraiser skills
  • Residential Real Estate, 18%
  • Income Properties, 8%
  • Condominiums, 6%
  • FHA, 6%
  • USPAP, 5%
  • REO, 4%

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