Residential appraiser vs residential fee appraiser

The differences between residential 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 residential appraiser and a residential fee appraiser. Additionally, a residential fee appraiser has an average salary of $43,447, 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 residential fee appraiser are residential real estate, income properties, and condominiums.

Residential appraiser vs residential fee appraiser overview

	Residential Appraiser	Residential Fee Appraiser
Yearly salary	$42,503	$43,447
Hourly rate	$20.43	$20.89
Growth rate	7%	7%
Number of jobs	8,581	8,527
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 72%
Average age	49	49
Years of experience	4	4

Residential appraiser vs residential fee appraiser salary

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

	Residential Appraiser	Residential Fee Appraiser
Average salary	$42,503	$43,447
Salary range	Between $29,000 And $61,000	Between $28,000 And $66,000
Highest paying City	San Francisco, CA	-
Highest paying state	California	-
Best paying company	U.S. Bank	-
Best paying industry	Automotive	-

Differences between residential appraiser and residential fee appraiser education

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

	Residential Appraiser	Residential Fee Appraiser
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 72%
Most common major	Business	Real Estate
Most common college	University of Pennsylvania	University of Pennsylvania

Residential appraiser vs residential fee appraiser demographics

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

	Residential Appraiser	Residential Fee Appraiser
Average age	49	49
Gender ratio	Male, 60.0% Female, 40.0%	Male, 69.0% Female, 31.0%
Race ratio	Black 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, 4.4% Unknown, 3.8% Hispanic or Latino, 6.6% Asian, 2.8% White, 81.9% American Indian and Alaska Native, 0.4%
LGBT Percentage	8%	8%

Differences between residential appraiser and residential fee 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.

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.

Residential appraiser vs residential fee 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 residential fee appraiser skills

Residential Real Estate, 18%
Income Properties, 8%
Condominiums, 6%
FHA, 6%
USPAP, 5%
REO, 4%

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Residential Appraiser
Residential Appraiser vs Residential Fee Appraiser

Updated January 8, 2025

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