What does a Real Estate Appraiser do?
Published 3 min read
A real estate appraiser is a professional who estimates the value of land and buildings.
Real Estate Appraiser job duties include:
- Research and analyze property data
- Inspect properties
- Compare properties to similar ones in the same area
- Determine the value of properties
- Prepare reports detailing their findings
- Meet with clients to discuss their appraisals
- Keep abreast of changes in the real estate market
- Attend continuing education courses to maintain their license
- Adhere to professional and ethical standards set by their state
Real Estate Appraiser Job Requirements
A real estate appraiser typically needs at least an associate's degree in real estate, although a bachelor's degree is often preferred. Certification or licensure is required in most states and can be obtained through completing an accredited course and passing an exam. Appraisers also need to have several years of experience working in the field before they can become certified.
Real Estate Appraiser Skills
- Analytical skills
- Communication skills
- Observation skills
- Organizational skills
- Problem-solving skills
- Research skills
- Writing skills
- Critical thinking skills
- Detail oriented
- Flexible
- Independent
Related: Top Real Estate Appraiser Skills: Definition and Examples
How to become a Real Estate Appraiser
A real estate appraiser is a professional who provides an estimate of the value of a piece of property, usually in connection with the sale or mortgage of that property. There are many different types of appraisers, but all must be licensed by the state in which they practice. The process of becoming a real estate appraiser generally includes the following steps:
1. Complete an accredited college program in real estate appraisal or a related field. Many community colleges offer two-year programs that lead to an associate's degree in real estate appraisal.
2. Pass the state licensing exam. In most states, this exam is administered by the state board of real estate appraisers. The exam covers topics such as appraisal methods, ethics and professional standards.
3. Meet any other requirements set forth by the state, such as completing a certain number of hours of supervised experience.
4. Obtain a designation from a professional organization, such as the Appraisal Institute or the National Association of Realtors. While not required, these credentials can make you more attractive to potential employers and clients.
5. Stay current on industry trends and developments by taking continuing education courses and participating in professional organizations.
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