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Appraisers and Assessors of Real Estate

Appraisers and Assessors of Real Estate is the O*NET name for people who appraise real estate, exclusively, and estimate its fair value. Interest ratings put Conventional on top at 5.8 out of 7 and Enterprising second, so the code is CEI and the day leans toward orderly work with data, records and clear procedures. The preparation level is considerable preparation, typically a bachelor’s degree plus a period of work experience. O*NET’s skill data points to reading comprehension, critical thinking, and active listening as the ones to build. One core duty is to compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential. People who want orderly work with data, records and clear procedures usually fit better here than those who need creative work with room for original expression.

What they do

Appraise real estate, exclusively, and estimate its fair value. May assess taxes in accordance with prescribed schedules.

Main tasks

  • Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
  • Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
  • Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
  • Search public records for transactions such as sales, leases, and assessments.
  • Obtain county land values and sales information about nearby properties to aid in establishment of property values.
  • Maintain familiarity with aspects of local real estate markets.

Skills

  • Reading Comprehension
  • Critical Thinking
  • Active Listening
  • Writing
  • Speaking
  • Complex Problem Solving

Who this career fits

May suit you if

  • You like clear rules and getting the details right.
  • You like taking the lead and making the call.
  • You are ready to spend around four years on a degree, then build experience.
  • You are comfortable relying on reading comprehension and critical thinking.

May not suit you if

  • You get restless with routine, records and exact procedures.
  • You need creative expression to be a big part of your day. Artistic rates 1.6 out of 7 here.
  • You want to avoid a four-year degree or its equivalent.

Interest profile

O*NET rates each occupation from 1 to 7 on six interest types. The code CEI takes the three highest, and Conventional comes first here.

Preparation

Considerable preparation. Most jobs here ask for a bachelor’s degree, and employers usually expect a few years of related experience as well.

Most-reported requirement in the O*NET survey: Bachelor's Degree. This reflects what workers reported most often and is not a legal minimum. Licensing rules can differ by state or industry, so confirm what applies where you plan to work.

Also called

  • Appraiser
  • Assessor
  • Certified Real Estate Appraiser
  • Certified Residential Appraiser
  • Commercial Appraiser

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This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.