What does a real estate appraiser do?
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Real estate appraiser responsibilities
Here are examples of responsibilities from real real estate appraiser resumes:
- 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.
- Compile necessary data to determine value of property utilizing the MLS & other public record resources.
- Perform appraisals of all residential property types including new construction, existing homes, and condominiums.
- Progress from trainee to senior analyst mastering single family, condominium, investment, and FHA assignments.
- Update GIS system downloads receive from venders in order to maintain an up to date GIS system.
- Measure and sketch the subject the property to be used in the appraisal report to support the findings.
- Used county websites, MLS, FMLS, and other relate sources to obtain and support property valuations.
- Complete quality appraisals in an accurate and of high quality manner as well as meeting USPAP and lender requirements.
- Measure the exterior of the house and outline a sketch to determine the total living space of the subject.
- Arrange mortgage financing for single family adjustable and fix rate, reverse mortgage, FHA, VA and USDA loans.
Real estate appraiser skills and personality traits
We calculated that 18% of Real Estate Appraisers are proficient in Residential Real Estate, Real Estate Appraisals, and Real Property. They’re also known for soft skills such as Customer-service skills, Organizational skills, and Problem-solving skills.
We break down the percentage of Real Estate Appraisers that have these skills listed on their resume here:
- Residential Real Estate, 18%
Perform residential real estate appraisal services and opinion of value in Massachusetts to assist with determining property valuations.
- Real Estate Appraisals, 6%
Prepared real estate appraisals for commercial properties including investment properties, with extensive experience analyzing complex investment properties.
- Real Property, 5%
Conducted real estate property appraisals necessary to complete sale or refinance transactions of real property.
- Residential Properties, 4%
Evaluated externally prepared appraisals and validated the current market value of residential properties to ensure accuracy of final appraisal values.
- Fair Market Value, 4%
Determined fair market value of residential/commercial real estate via comparative sales and income projection methods.
- Market Data, 4%
Analyze market data and conduct extensive market research to provide underwriting services for financial institutions and real estate property owners.
Most real estate appraisers use their skills in "residential real estate," "real estate appraisals," and "real property" to do their jobs. You can find more detail on essential real estate appraiser responsibilities here:
Customer-service skills. The most essential soft skill for a real estate appraiser to carry out their responsibilities is customer-service skills. This skill is important for the role because "because appraisers must regularly interact with clients, being polite and friendly is important." Additionally, a real estate appraiser resume shows how their duties depend on customer-service skills: "provided appraisal reports for private customers and banks on condominiums, cooperatives, single family homes and multiple family homes. "
Organizational skills. Another soft skill that's essential for fulfilling real estate appraiser duties is organizational skills. The role rewards competence in this skill because "to successfully accomplish all the tasks related to appraising and assessing a property, appraisers and assessors of real estate need good organizational skills." According to a real estate appraiser resume, here's how real estate appraisers can utilize organizational skills in their job responsibilities: "work on multiple files in order to meet the expectations/deadlines of financial institutions and clients using my organizational skills. "
Problem-solving skills. Another skill that relates to the job responsibilities of real estate appraisers is problem-solving skills. This skill is critical to many everyday real estate appraiser duties, as "appraising or assessing a property's value may involve unexpected problems." This example from a resume shows how this skill is used: "offered solutions to client concerns collaborated with financial institutions. "
Time-management skills. A big part of what real estate appraisers do relies on "time-management skills." You can see how essential it is to real estate appraiser responsibilities because "appraisers and assessors of real estate often work under time constraints, sometimes appraising many properties in a single day." Here's an example of how this skill is used from a resume that represents typical real estate appraiser tasks: "gathered data for housing market analysis, completed appraisal forms under tight deadlines. "
Analytical skills. A commonly-found skill in real estate appraiser job descriptions, "analytical skills" is essential to what real estate appraisers do. Real estate appraiser responsibilities rely on this skill because "appraisers and assessors of real estate use many sources of data when valuing a property." You can also see how real estate appraiser duties rely on analytical skills in this resume example: "analyzed operating statements of small income properties. "
Math skills. While "math skills" is last on this skills list, don't underestimate its importance to real estate appraiser responsibilities. Much of what a real estate appraiser does relies on this skill, seeing as "accurately analyzing real estate data includes such steps as calculating square footage of land and building space, so workers must have good math skills." Here is a resume example of how this skill is used in the everyday duties of real estate appraisers: "utilized previous statistics and island property sales in the appraisal of 500+ residential homes. "
The three companies that hire the most real estate appraisers are:
- JPMorgan Chase & Co.17 real estate appraisers jobs
- Mueller Reports12 real estate appraisers jobs
- J.P. Morgan10 real estate appraisers jobs
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Compare different real estate appraisers
Real estate appraiser vs. Valuation consultant
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.
These skill sets are where the common ground ends though. The responsibilities of a real estate appraiser are more likely to require skills like "residential real estate," "real estate appraisals," "real property," and "residential properties." On the other hand, a job as a valuation consultant requires skills like "real estate," "litigation," "business valuation," and "derivative." As you can see, what employees do in each career varies considerably.
The education levels that valuation consultants earn slightly differ from real estate appraisers. In particular, valuation consultants are 19.4% more likely to graduate with a Master's Degree than a real estate appraiser. Additionally, they're 0.7% more likely to earn a Doctoral Degree.Real estate appraiser vs. Appraiser assistant
Each career also uses different skills, according to real real estate appraiser resumes. While real estate appraiser responsibilities can utilize skills like "residential real estate," "fair market value," "income properties," and "condominiums," appraiser assistants use skills like "data entry," "schedule appointments," "payroll," and "market value."
Appraiser assistants earn similar levels of education than real estate appraisers in general. They're 2.0% less likely to graduate with a Master's Degree and 0.7% less likely to earn a Doctoral Degree.Real estate appraiser vs. Appraiser
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from real estate appraiser resumes include skills like "property inspections," "income properties," "appraisal review," and "aci," whereas an appraiser is more likely to list skills in "appraisal reports," "customer service," "mai," and "appeals. "
Appraisers earn the best pay in the insurance industry, where they command an average salary of $48,145. Real estate appraisers earn the highest pay from the technology industry, with an average salary of $60,628.Most appraisers achieve a similar degree level compared to real estate appraisers. For example, they're 0.9% more likely to graduate with a Master's Degree, and 0.1% more likely to earn a Doctoral Degree.Real estate appraiser vs. Property appraiser
Types of real estate appraiser
Updated January 8, 2025
