Career Detail

Appraiser and Assessor of Real Estate
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Appraisers and assessors of real estate estimate the value of property for a variety of purposes, such as to assess property tax, to confirm adequate collateral for mortgages, to confirm or help set a
The Job
Appraisers and assessors work in localities they are familiar with so they have knowledge of any environmental or other concerns that may affect the value of a property. They note any unique characteristics of the property and of the surrounding area, such as a specific architectural style of a building or a major highway located next to the parcel.
Work Environment
Appraisers and assessors spend much of their time researching and writing reports. However, with the advancement of computers and other technologies, such as wireless Internet, time spent in the offic
College Majors
Bachelor's degree, sometimes in a related field such as economics, finance, or real estate.
Minimum Qualifications
The requirements to become a fully qualified appraiser or assessor are complex and vary by State and, sometimes, by the value or type of property. In general, both appraisers and assessors must be licensed or certified requirements. Prospective appraisers and assessors should check with their State
Personality traits helpful for this career
Appraisers and assessors must possess good analytical skills, mathematical skills, and the ability to pay attention to detail. They also must work well with people and alone. Since they will work with
Quick Facts
  • Appraisers and assessors must meet licensing and/or certification requirements which vary by State, but generally include specific training requirements, a period of work as a trainee, and passing one
  • More than 3 out of 10 were self-employed; salaried assessors worked primarily in local government, while salaried appraisers worked mainly for real estate firms.
  • Employment is expected to grow faster than average.
  • Earnings for independent-fee appraisers can vary significantly because they are paid fees on a per appraisal basis.
Compensation and Outlook
Median annual wages of appraisers and assessors of real estate were $47,370 in May 2008. The middle 50 percent earned between $34,330 and $66,640. The lowest 10 percent earned less than $25,900, and the highest 10 percent earned more than $88,680. Median annual wages of those working for local governments were $43,550.
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Job Growth Outlook
Hyper growth industry Hyper growth industry
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Declining job market Declining job market
No growth No growth
Dead end profession dead end profession

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BA Degree BA Degree
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