Appraisers and Assessors of Real Estate

What the job really is

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

At a glance

• Sector: Business & Financial
• O*NET-SOC code: 13-2023
• O*NET job zone: 4 — considerable preparation
• Work sample tasks on file: 12
• Tools and technologies listed: 12

What you actually do

Work sample tasks recorded for this occupation:

• 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.
• Inspect properties, considering factors such as market value, location, and building or replacement costs to determine appraisal value.
• Collect and analyze relevant data to identify real estate market trends.
• Review information about transfers of property to ensure its accuracy, checking basic information on buyers, sellers, and sales prices and making corrections as necessary.
• Analyze trends in sales prices, construction costs, and rents, to assess property values or determine the accuracy of assessments.
• Inspect new construction and major improvements to existing structures to determine values.
• Check building codes and zoning bylaws to determine any effects on the properties being appraised.

Tools and technology

Apple iOS, Google Workspace software, Microsoft Access, Microsoft Excel, Microsoft Office software, Microsoft Outlook, Microsoft PowerPoint, Microsoft Windows, Microsoft Word, Yardi software, ACI Appraiser's Choice, Apex IV Assessor

What employers expect you to already be comfortable with.

Where this job leads

Related occupations — the usual moves up and sideways:

• Appraisers of Personal and Business Property
• Real Estate Brokers
• Real Estate Sales Agents
• Property, Real Estate, and Community Association Managers
• Government Property Inspectors and Investigators
• Surveyors
• Cost Estimators
• Accountants and Auditors

Getting in

O*NET assigns this occupation job zone 4 (considerable preparation). The related occupations above are the realistic routes in and out.

Find openings

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Check this against the source

O*NET OnLine: Appraisers and Assessors of Real Estate — the authoritative public-domain profile this page is derived from, including the full task list, reported skills and the wage estimates for your region.

Derived and rewritten from the public-domain O*NET database (U.S. Department of Labor / Employment and Training Administration). Figures are observations, not promises — always confirm salary, licensing and visa requirements with the employer and the relevant authority.