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Summary Report for:
13-2021.02 - Appraisers, Real Estate

Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.

Sample of reported job titles: Appraiser, Certified Real Estate Appraiser, Certified Residential Real Estate Appraiser, Commercial Real Estate Appraiser, Real Estate Appraiser, Real Property Appraiser, Residential Fee Appraiser, Residential Real Estate Appraiser, Staff Appraiser, Valuation Consultant

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Tasks  |  Tools & Technology  |  Knowledge  |  Skills  |  Abilities  |  Work Activities  |  Detailed Work Activities  |  Work Context  |  Job Zone  |  Education  |  Credentials  |  Interests  |  Work Styles  |  Work Values  |  Related Occupations  |  Wages & Employment  |  Job Openings  |  Additional Information

Tasks

  • Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential. See more occupations related to this task.
  • Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards. See more occupations related to this task.
  • Collect and analyze relevant data to identify real estate market trends. See more occupations related to this task.
  • Inspect properties to evaluate construction, condition, special features, and functional design, and to take property measurements. See more occupations related to this task.
  • Examine income records and operating costs of income properties. See more occupations related to this task.
  • Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values. See more occupations related to this task.
  • Search public records for transactions such as sales, leases, and assessments. See more occupations related to this task.
  • Check building codes and zoning bylaws to determine any effects on the properties being appraised. See more occupations related to this task.
  • Verify legal descriptions of properties by comparing them to county records. See more occupations related to this task.
  • Interview persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information. See more occupations related to this task.
  • Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports. See more occupations related to this task.
  • Obtain county land values and sales information about nearby properties to aid in establishment of property values. See more occupations related to this task.
  • Examine the type and location of nearby services, such as shopping centers, schools, parks, and other neighborhood features, to evaluate their impact on property values. See more occupations related to this task.
  • Estimate building replacement costs using building valuation manuals and professional cost estimators. See more occupations related to this task.
  • Draw land diagrams that will be used in appraisal reports to support findings. See more occupations related to this task.
  • Testify in court as to the value of a piece of real estate property. See more occupations related to this task.

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Tools & Technology

Tools used in this occupation:

  • Carbon monoxide analyzer — Carbon monoxide detectors See more occupations related to this tool.
  • Desktop computers See more occupations related to this tool.
  • Electronic charts or maps or atlases — Appraisal, mapping, and comparison data reporting systems; Electronic maps; Mapping or location-based analysis systems; Real estate mapping and property description systems (see all 7 examples) See more occupations related to this tool.
  • Laser measuring systems — Handheld distance meters; Laser measuring devices; Ultrasonic distance measurers See more occupations related to this tool.
  • Notebook computers — Laptop computers See more occupations related to this tool.
  • Personal digital assistant PDAs or organizers — Personal digital assistants PDA See more occupations related to this tool.

Technology used in this occupation:

  • Accounting software — CPR International GeneralCOST Estimator See more occupations related to this technology.
  • Analytical or scientific software — a la mode WinTOTAL; Construction Management Software ProEst; MicroSolve CAMA; WinEstimator WinEst (see all 12 examples) See more occupations related to this technology.
  • Calendar and scheduling software — Govern Software Land and Permits Management System See more occupations related to this technology.
  • Data base user interface and query software — Ascend Property Assessment; eTrac software; Softree Technical Systems Terrain Tools; Visual PAMSPro (see all 11 examples) See more occupations related to this technology.
  • Desktop publishing software — ACI Appraiser's Choice See more occupations related to this technology.
  • Financial analysis software — CPR Visual Estimator; Manufacturing Technology Costimater; Real Estate Center Caparate Calculator; RealData Comparative Lease Analysis (see all 13 examples) See more occupations related to this technology.
  • Graphics or photo imaging software — Bradford ClickFORMS; Wilson's Computer Applications RealEasy Photos Plus See more occupations related to this technology.
  • Internet browser software — Web browser software See more occupations related to this technology.
  • Map creation software — Apex MobileSketch; Emerald Data Deed-Chek; Greenbrier Graphics Deed Plotter; Informatik MapDraw Deed Mapper (see all 7 examples) See more occupations related to this technology.
  • Office suite software — Microsoft Office software See more occupations related to this technology.
  • Presentation software — Microsoft PowerPoint See more occupations related to this technology.
  • Spreadsheet software — Microsoft Excel See more occupations related to this technology.
  • Word processing software — Concierge Systems Report Concierge; Microsoft Word; ValueTech Report Builder See more occupations related to this technology.

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Knowledge

  • English Language — Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. See more occupations related to this knowledge.
  • Mathematics — Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications. See more occupations related to this knowledge.
  • Computers and Electronics — Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming. See more occupations related to this knowledge.
  • Building and Construction — Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads. See more occupations related to this knowledge.
  • Customer and Personal Service — Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction. See more occupations related to this knowledge.
  • Law and Government — Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process. See more occupations related to this knowledge.
  • Administration and Management — Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources. See more occupations related to this knowledge.
  • Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data. See more occupations related to this knowledge.
  • Geography — Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life. See more occupations related to this knowledge.

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Skills

  • Reading Comprehension — Understanding written sentences and paragraphs in work related documents. See more occupations related to this skill.
  • Active Listening — Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. See more occupations related to this skill.
  • Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems. See more occupations related to this skill.
  • Judgment and Decision Making — Considering the relative costs and benefits of potential actions to choose the most appropriate one. See more occupations related to this skill.
  • Writing — Communicating effectively in writing as appropriate for the needs of the audience. See more occupations related to this skill.
  • Speaking — Talking to others to convey information effectively. See more occupations related to this skill.
  • Mathematics — Using mathematics to solve problems. See more occupations related to this skill.
  • Active Learning — Understanding the implications of new information for both current and future problem-solving and decision-making. See more occupations related to this skill.
  • Time Management — Managing one's own time and the time of others. See more occupations related to this skill.
  • Complex Problem Solving — Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. See more occupations related to this skill.

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Abilities

  • Oral Comprehension — The ability to listen to and understand information and ideas presented through spoken words and sentences. See more occupations related to this ability.
  • Written Comprehension — The ability to read and understand information and ideas presented in writing. See more occupations related to this ability.
  • Near Vision — The ability to see details at close range (within a few feet of the observer). See more occupations related to this ability.
  • Written Expression — The ability to communicate information and ideas in writing so others will understand. See more occupations related to this ability.
  • Inductive Reasoning — The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). See more occupations related to this ability.
  • Deductive Reasoning — The ability to apply general rules to specific problems to produce answers that make sense. See more occupations related to this ability.
  • Oral Expression — The ability to communicate information and ideas in speaking so others will understand. See more occupations related to this ability.
  • Speech Recognition — The ability to identify and understand the speech of another person. See more occupations related to this ability.
  • Category Flexibility — The ability to generate or use different sets of rules for combining or grouping things in different ways. See more occupations related to this ability.
  • Mathematical Reasoning — The ability to choose the right mathematical methods or formulas to solve a problem. See more occupations related to this ability.
  • Speech Clarity — The ability to speak clearly so others can understand you. See more occupations related to this ability.
  • Far Vision — The ability to see details at a distance. See more occupations related to this ability.
  • Flexibility of Closure — The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material. See more occupations related to this ability.
  • Information Ordering — The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations). See more occupations related to this ability.
  • Number Facility — The ability to add, subtract, multiply, or divide quickly and correctly. See more occupations related to this ability.
  • Problem Sensitivity — The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem. See more occupations related to this ability.
  • Selective Attention — The ability to concentrate on a task over a period of time without being distracted. See more occupations related to this ability.

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Work Activities

  • Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts. See more occupations related to this activity.
  • Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources. See more occupations related to this activity.
  • Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems. See more occupations related to this activity.
  • Interacting With Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information. See more occupations related to this activity.
  • Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data. See more occupations related to this activity.
  • Evaluating Information to Determine Compliance with Standards — Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards. See more occupations related to this activity.
  • Updating and Using Relevant Knowledge — Keeping up-to-date technically and applying new knowledge to your job. See more occupations related to this activity.
  • Documenting/Recording Information — Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form. See more occupations related to this activity.
  • Judging the Qualities of Things, Services, or People — Assessing the value, importance, or quality of things or people. See more occupations related to this activity.
  • Interpreting the Meaning of Information for Others — Translating or explaining what information means and how it can be used. See more occupations related to this activity.
  • Communicating with Persons Outside Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail. See more occupations related to this activity.
  • Identifying Objects, Actions, and Events — Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events. See more occupations related to this activity.
  • Estimating the Quantifiable Characteristics of Products, Events, or Information — Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity. See more occupations related to this activity.
  • Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work. See more occupations related to this activity.
  • Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time. See more occupations related to this activity.
  • Inspecting Equipment, Structures, or Material — Inspecting equipment, structures, or materials to identify the cause of errors or other problems or defects. See more occupations related to this activity.
  • Scheduling Work and Activities — Scheduling events, programs, and activities, as well as the work of others. See more occupations related to this activity.
  • Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person. See more occupations related to this activity.

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Detailed Work Activities

  • Estimate costs of goods or services. See more occupations related to this activity.
  • Appraise property values. See more occupations related to this activity.
  • Testify at legal or legislative proceedings. See more occupations related to this activity.
  • Examine financial records. See more occupations related to this activity.
  • Prepare financial documents, reports, or budgets. See more occupations related to this activity.
  • Gather financial records. See more occupations related to this activity.
  • Analyze market conditions or trends. See more occupations related to this activity.
  • Verify accuracy of records. See more occupations related to this activity.
  • Evaluate condition of properties. See more occupations related to this activity.
  • Create images of data, locations, or products. See more occupations related to this activity.

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Work Context

  • Telephone — 83% responded “Every day.” See more occupations related to this work context.
  • Electronic Mail — 90% responded “Every day.” See more occupations related to this work context.
  • Duration of Typical Work Week — 79% responded “More than 40 hours.” See more occupations related to this work context.
  • Importance of Being Exact or Accurate — 50% responded “Extremely important.” See more occupations related to this work context.
  • Freedom to Make Decisions — 55% responded “A lot of freedom.” See more occupations related to this work context.
  • Time Pressure — 45% responded “Every day.” See more occupations related to this work context.
  • Structured versus Unstructured Work — 45% responded “A lot of freedom.” See more occupations related to this work context.
  • Outdoors, Exposed to Weather — 45% responded “Once a week or more but not every day.” See more occupations related to this work context.
  • Contact With Others — 50% responded “Contact with others most of the time.” See more occupations related to this work context.
  • Indoors, Environmentally Controlled — 70% responded “Every day.” See more occupations related to this work context.
  • Face-to-Face Discussions — 47% responded “Every day.” See more occupations related to this work context.
  • In an Enclosed Vehicle or Equipment — 45% responded “Every day.” See more occupations related to this work context.
  • Spend Time Sitting — 75% responded “More than half the time.” See more occupations related to this work context.
  • Importance of Repeating Same Tasks — 35% responded “Very important.” See more occupations related to this work context.
  • Frequency of Decision Making — 40% responded “Once a week or more but not every day.” See more occupations related to this work context.
  • Level of Competition — 55% responded “Highly competitive.” See more occupations related to this work context.
  • Letters and Memos — 50% responded “Once a week or more but not every day.” See more occupations related to this work context.
  • Impact of Decisions on Co-workers or Company Results — 40% responded “Important results.” See more occupations related to this work context.
  • Deal With External Customers — 45% responded “Important.” See more occupations related to this work context.

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Job Zone

Title Job Zone Four: Considerable Preparation Needed
Education Most of these occupations require a four-year bachelor's degree, but some do not.
Related Experience A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Job Training Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Job Zone Examples Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, database administrators, teachers, chemists, art directors, and cost estimators.
SVP Range (7.0 to < 8.0)

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Education


Percentage of Respondents
Education Level Required
60   Bachelor's degree
25   Associate's degree
10   Some college, no degree

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Credentials

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Interests

Interest code: ECR

  • Enterprising — Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business. See more occupations related to this interest.
  • Conventional — Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow. See more occupations related to this interest.
  • Realistic — Realistic occupations frequently involve work activities that include practical, hands-on problems and solutions. They often deal with plants, animals, and real-world materials like wood, tools, and machinery. Many of the occupations require working outside, and do not involve a lot of paperwork or working closely with others. See more occupations related to this interest.

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Work Styles

  • Integrity — Job requires being honest and ethical. See more occupations related to this work style.
  • Attention to Detail — Job requires being careful about detail and thorough in completing work tasks. See more occupations related to this work style.
  • Analytical Thinking — Job requires analyzing information and using logic to address work-related issues and problems. See more occupations related to this work style.
  • Independence — Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done. See more occupations related to this work style.
  • Dependability — Job requires being reliable, responsible, and dependable, and fulfilling obligations. See more occupations related to this work style.
  • Persistence — Job requires persistence in the face of obstacles. See more occupations related to this work style.
  • Initiative — Job requires a willingness to take on responsibilities and challenges. See more occupations related to this work style.
  • Stress Tolerance — Job requires accepting criticism and dealing calmly and effectively with high stress situations. See more occupations related to this work style.
  • Achievement/Effort — Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks. See more occupations related to this work style.
  • Adaptability/Flexibility — Job requires being open to change (positive or negative) and to considerable variety in the workplace. See more occupations related to this work style.
  • Self Control — Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations. See more occupations related to this work style.
  • Cooperation — Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude. See more occupations related to this work style.

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Work Values

  • Independence — Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy. See more occupations related to this work value.
  • Support — Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical. See more occupations related to this work value.
  • Achievement — Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement. See more occupations related to this work value.

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Related Occupations

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Wages & Employment Trends

Median wages data collected from Appraisers and Assessors of Real Estate.
Employment data collected from Appraisers and Assessors of Real Estate.
Industry data collected from Appraisers and Assessors of Real Estate.

Median wages (2014) $25.27 hourly, $52,570 annual
State wages Local Salary Info
 
Employment (2012) 84,000 employees
Projected growth (2012-2022) Slower than average (3% to 7%) Slower than average (3% to 7%)
Projected job openings (2012-2022) 12,100
State trends Employment Trends
 
Top industries (2012)

Source: Bureau of Labor Statistics 2014 wage data external site and 2012-2022 employment projections external site. "Projected growth" represents the estimated change in total employment over the projections period (2012-2022). "Projected job openings" represent openings due to growth and replacement.

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Job Openings on the Web

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Sources of Additional Information

Disclaimer: Sources are listed to provide additional information on related jobs, specialties, and/or industries. Links to non-DOL Internet sites are provided for your convenience and do not constitute an endorsement.

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