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Residential appraiser vs registered appraiser

The differences between residential 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 residential appraiser and a registered appraiser. Additionally, a registered appraiser has an average salary of $43,356, which is higher than the $42,503 average annual salary of a residential appraiser.

The top three skills for a residential appraiser include uniform standards, residential real estate and USPAP. The most important skills for a registered appraiser are appraisal reports, fair market value, and residential real estate.

Residential appraiser vs registered appraiser overview

Residential AppraiserRegistered Appraiser
Yearly salary$42,503$43,356
Hourly rate$20.43$20.84
Growth rate7%7%
Number of jobs8,5811,002
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 65%
Average age4949
Years of experience44

Residential appraiser vs registered appraiser salary

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

Residential AppraiserRegistered Appraiser
Average salary$42,503$43,356
Salary rangeBetween $29,000 And $61,000Between $28,000 And $66,000
Highest paying CitySan Francisco, CA-
Highest paying stateCalifornia-
Best paying companyU.S. Bank-
Best paying industryAutomotive-

Differences between residential appraiser and registered appraiser education

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

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

Residential appraiser vs registered appraiser demographics

Here are the differences between residential appraisers' and registered appraisers' demographics:

Residential AppraiserRegistered Appraiser
Average age4949
Gender ratioMale, 60.0% Female, 40.0%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, 81.2% 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 residential appraiser and registered appraiser duties and responsibilities

Residential appraiser example responsibilities.

  • Manage valuation disputes of clients with in-house or fee appraisers, submit BPO's/Appraisal reports error and concerns.
  • Utilize ISC, MLS and state, county and city public records websites for data collection need for residential appraisals.
  • Review appraisal reports as per FNMA and FHLMC laws.
  • Contact to performing appraisals for HUD foreclosure properties, through Pemco.
  • Assist in appraisals for multiple counties, including FHA, and conventional loans.
  • Assess and report any health and safety violations in accordance to FHA policy.
  • 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.

Residential appraiser vs registered appraiser skills

Common residential appraiser skills
  • Uniform Standards, 12%
  • Residential Real Estate, 8%
  • USPAP, 7%
  • Data Entry, 6%
  • Fair Market Value, 6%
  • GIS, 5%
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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