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Appraisers and Assessors of Real Estate

Appraisers and Assessors of Real Estate
Quick Facts : Appraisers and Assessors of Real Estate*
2010 Median Pay$48,500
Entry Level EducationHigh school diploma or equivalent
Work Experience in Related OccupationNone
Number of Jobs, 201277,800
Job Outlook7% (Slower than average)
Employment Change5,800


Appraisers and assessors of real estate provide estimates for the value of real property. They account for any land and the buildings on it before being sold, taxed, insured, mortgaged or developed.

What Appraisers and Assessors of Real Estate Do

  • Verify legal descriptions of real estate properties in public records
  • Inspect new and existing properties, noting unique characteristics
  • Photograph the interior and exterior of properties
  • Prepare written reports on the property value
  • Prepare and maintain current data on each real estate property               

Work Environment

Although appraisers and assessors of real estate work in offices, they spend a large part of their day in the field, conducting site visits. Most work full time during regular business hours.
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Job Outlook

Employment of appraisers and assessors of real estate is expected to grow 7 percent from 2010 to 2020 due to demand for appraisal services is tied to the fluctuating real estate market.
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Pay

The average salary in May 2010 of appraisers and assessors of real estate was $48,500.
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Appraisers and Assessors of Real Estate*
Average Annual Salary, May 2010

Appraisers and Assessors of Real Estate

48500

Finance Occupations

59143.0435

All Jobs in the U.S.

52312.5223
Appraisers and Assessors of Real Estate*
Percent Change in Employment

Appraisers and Assessors of Real Estate

7.45501

Finance Occupations

18.39732977618342

All Jobs in the U.S.

15.767561808929724

Becoming a Appraisers and Assessors of Real Estate

Generally, most appraisers of residential real property must have at least an associate's degree, while appraisers of commercial real property must have at least a bachelor's degree. In some cases, appraisers may qualify with a high school diploma. Employers generally require these candidates to take basic appraisal courses, complete on-the-job training through an apprenticeship, and work enough hours to meet the requirements for appraisal licenses or certificates.
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