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Residential appraiser vs staff appraiser

The differences between residential appraisers and staff 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 staff appraiser. Additionally, a staff appraiser has an average salary of $43,583, 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 staff appraiser are customer service, USPAP, and residential real estate.

Residential appraiser vs staff appraiser overview

Residential AppraiserStaff Appraiser
Yearly salary$42,503$43,583
Hourly rate$20.43$20.95
Growth rate7%7%
Number of jobs8,58169,228
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 70%
Average age4949
Years of experience44

What does a residential appraiser do?

Just as the name suggests, the residential appraiser assesses buildings and properties before it is sold, mortgaged, taxed, insured, or developed. They evaluate properties by establishing market value and property ratings. Their duties and responsibilities include visiting a site and conducting a formal appraisal before a building or land is sold or mortgaged. Appraisers keep informed on all current regulations, standards, and best practices.

What does a staff appraiser do?

A staff appraiser does efficient work on properties or homes. Their job is to complete reports and verify cost estimations of homes and real estate. They complete a detailed inspection on a property to find out the value, quality, and age of the property. They publish written appraisals for customers, government agencies, and companies.

Residential appraiser vs staff appraiser salary

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

Residential AppraiserStaff Appraiser
Average salary$42,503$43,583
Salary rangeBetween $29,000 And $61,000Between $30,000 And $63,000
Highest paying CitySan Francisco, CA-
Highest paying stateCalifornia-
Best paying companyU.S. Bank-
Best paying industryAutomotive-

Differences between residential appraiser and staff appraiser education

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

Residential AppraiserStaff Appraiser
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 70%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Residential appraiser vs staff appraiser demographics

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

Residential AppraiserStaff Appraiser
Average age4949
Gender ratioMale, 60.0% Female, 40.0%Male, 75.9% Female, 24.1%
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, 81.2% American Indian and Alaska Native, 0.4%
LGBT Percentage8%8%

Differences between residential appraiser and staff 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.
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Staff appraiser example responsibilities.

  • Achieve specialization in servicing REO clients and knowledge of REO market and asset liquidation procedures as they relate to valuation.
  • Develop single family residential, small commercial, large commercial, FHA, REO and bankruptcy appraisals.
  • Interpret mortgages and MLS data, land descriptions and property sales contracts.
  • Ensure that all reports are in compliance with all applicable federal and state laws, USPAP, FIRREA and client requirements.
  • Apply valuation methods utilizing MLS and EVC analysis in determining market adjustments and data evaluation, resulting in appropriate loan funding.
  • Appraise distressed properties (REO's & short sales) and complex properties deem beyond the scope/expertise of the contract appraisers.
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Residential appraiser vs staff 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 staff appraiser skills
  • Customer Service, 26%
  • USPAP, 11%
  • Residential Real Estate, 9%
  • FHA, 8%
  • Appraisal Software, 6%
  • Appraisal Assignments, 6%

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