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Residential fee appraiser vs home appraiser

The differences between residential fee appraisers and home 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 fee appraiser and a home appraiser. Additionally, a residential fee appraiser has an average salary of $43,447, which is higher than the $42,496 average annual salary of a home appraiser.

The top three skills for a residential fee appraiser include residential real estate, income properties and condominiums. The most important skills for a home appraiser are sketch, fair market value, and .

Residential fee appraiser vs home appraiser overview

Residential Fee AppraiserHome Appraiser
Yearly salary$43,447$42,496
Hourly rate$20.89$20.43
Growth rate7%7%
Number of jobs8,52739,904
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 55%
Average age4949
Years of experience44

Residential fee appraiser vs home appraiser salary

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

Residential Fee AppraiserHome Appraiser
Average salary$43,447$42,496
Salary rangeBetween $28,000 And $66,000Between $27,000 And $66,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between residential fee appraiser and home appraiser education

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

Residential Fee AppraiserHome Appraiser
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 55%
Most common majorReal EstateBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Residential fee appraiser vs home appraiser demographics

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

Residential Fee AppraiserHome Appraiser
Average age4949
Gender ratioMale, 69.0% Female, 31.0%Male, 73.1% Female, 26.9%
Race ratioBlack 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%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 fee appraiser and home appraiser duties and responsibilities

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.

Home appraiser example responsibilities.

  • Create sketch of home using various software programs.
  • Provide detailed written reviews of residential properties ensuring USPAP guidelines, federal regulatory requirements and lender appraisal guidelines are met.
  • Gain familiarity with FNMA, underwriting, and regulatoryguidelines.

Residential fee appraiser vs home appraiser skills

Common residential fee appraiser skills
  • Residential Real Estate, 18%
  • Income Properties, 8%
  • Condominiums, 6%
  • FHA, 6%
  • USPAP, 5%
  • REO, 4%
Common home appraiser skills
  • Sketch, 55%
  • Fair Market Value, 45%

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