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Staff appraiser vs residential fee appraiser

The differences between staff 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 staff appraiser and a residential fee appraiser. Additionally, a staff appraiser has an average salary of $43,583, which is higher than the $43,447 average annual salary of a residential fee appraiser.

The top three skills for a staff appraiser include customer service, USPAP and residential real estate. The most important skills for a residential fee appraiser are residential real estate, income properties, and condominiums.

Staff appraiser vs residential fee appraiser overview

Staff AppraiserResidential Fee Appraiser
Yearly salary$43,583$43,447
Hourly rate$20.95$20.89
Growth rate7%7%
Number of jobs69,2288,527
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 72%
Average age4949
Years of experience44

Staff appraiser vs residential fee appraiser salary

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

Staff AppraiserResidential Fee Appraiser
Average salary$43,583$43,447
Salary rangeBetween $30,000 And $63,000Between $28,000 And $66,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between staff appraiser and residential fee appraiser education

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

Staff AppraiserResidential Fee Appraiser
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 72%
Most common majorBusinessReal Estate
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Staff appraiser vs residential fee appraiser demographics

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

Staff AppraiserResidential Fee Appraiser
Average age4949
Gender ratioMale, 75.9% Female, 24.1%Male, 69.0% Female, 31.0%
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, 4.4% Unknown, 3.8% Hispanic or Latino, 6.6% Asian, 2.8% White, 81.9% American Indian and Alaska Native, 0.4%
LGBT Percentage8%8%

Differences between staff appraiser and residential fee appraiser duties and responsibilities

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.
  • Show more

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.

Staff appraiser vs residential fee appraiser skills

Common staff appraiser skills
  • Customer Service, 26%
  • USPAP, 11%
  • Residential Real Estate, 9%
  • FHA, 8%
  • Appraisal Software, 6%
  • Appraisal Assignments, 6%
Common residential fee appraiser skills
  • Residential Real Estate, 18%
  • Income Properties, 8%
  • Condominiums, 6%
  • FHA, 6%
  • USPAP, 5%
  • REO, 4%

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