Appraiser
An appraiser is a professional who determines the value of assets, including real property, antiques, art, jewelry, and collectibles, often for tax, sale, or insurance purposes.
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Sample Job Descriptions for Appraiser
Below are the some sample job descriptions for the different experience levels, where you can find the summary of the role, required skills, qualifications, and responsibilities.
Junior (0-2 years of experience)
Summary of the Role
Junior Appraiser to assist in valuing properties, both residential and commercial, by providing accurate assessment based on current market trends and condition of the property. Ideal for individuals starting their career in real estate appraisal.
Required Skills
- Attention to detail and accuracy in reporting.
- Proficiency in data analysis and appraisal software.
- Excellent communication and interpersonal skills.
- Organizational and time-management abilities.
- Eagerness to learn and take on new challenges.
Qualifications
- Bachelor's degree in finance, economics, real estate, or a related field.
- Completion of pre-licensure courses required for an appraiser trainee.
- Strong analytical and mathematical skills.
- Working knowledge of real estate and valuation principles.
- Ability to navigate and understand property and market data reports.
Responsibilities
- Assist senior appraisers in conducting property evaluations and market analysis.
- Collect and compile data relevant to properties being appraised.
- Prepare initial appraisal reports and maintain records for review.
- Learn appraisal methodologies and adhere to industry regulations.
- Assist in site visits and inspections of properties to note features and condition.
- Interact with clients to gather property details and explain appraisal process.
Intermediate (2-5 years of experience)
Summary of the Role
An Appraiser is responsible for determining the value of property, which may include real estate, jewelry, artwork, and other items of value. They use their expertise to evaluate the condition, uniqueness, and market demand for various properties. This intermediate-level position requires a good understanding of appraisal methodologies, market trends, and regulatory compliance.
Required Skills
- Strong analytical and research skills.
- Attention to detail and precision.
- Effective communication and interpersonal skills.
- Ability to work independently with minimal supervision.
- Excellent organizational and time management skills.
- Proficiency in MS Office Suite, particularly Excel.
- Knowledge of GIS and other mapping software is a plus.
- Ability to handle multiple projects and meet deadlines.
- Strong ethical judgement and integrity.
Qualifications
- Bachelor's degree in Finance, Real Estate, or a related field.
- Certified or licensed as an appraiser by relevant regulatory body.
- 2-5 years of experience in appraisal or a related field.
- Familiarity with current federal and state appraisal regulations.
- Proficiency in appraisal software and other related IT tools.
Responsibilities
- Conduct thorough inspections of properties and items to assess their condition and quality.
- Prepare detailed and accurate appraisal reports, including descriptions, photographs, and diagrams.
- Research market data and sales to establish fair market values.
- Collaborate with other professionals such as realtors, attorneys, and accountants when necessary.
- Stay informed of current regulations and standards in the appraisal industry.
- Assess property damage and calculate depreciation for insurance claims if applicable.
- Provide expert witness testimony in legal proceedings related to property valuation disputes.
- Maintain confidentiality and ethical standards when handling sensitive financial information.
Senior (5+ years of experience)
Summary of the Role
We are seeking a highly skilled and experienced appraiser to join our team. The successful candidate will be responsible for assessing the value of various properties, including residential, commercial, and land. The ideal candidate will have a deep understanding of market trends, excellent analytical skills, and the ability to provide accurate and reliable appraisals for our clients.
Required Skills
- Excellent analytical and research skills.
- Strong attention to detail.
- Superior written and verbal communication skills.
- Proficiency with technology including appraisal software and database systems.
- Time management skills with the ability to handle multiple projects simultaneously.
- Strong understanding of the real estate market and economic trends.
- Ability to mentor and lead junior team members.
Qualifications
- Bachelor's degree in Real Estate, Finance, Economics, or related field.
- State certification or licensure as a real estate appraiser.
- Minimum of 5 years of experience in the appraisal of residential, commercial, or land properties.
- Strong working knowledge of appraisal methodology and property valuation systems.
- Experience with appraisal software and databases.
- Understanding of local, state, and federal regulations affecting appraisals.
- Proven track record of producing compliant and accurate appraisal reports.
Responsibilities
- Conduct formal appraisals of real property or other assets for various purposes such as sales, investments, estate planning, or mortgage lending.
- Analyze and report on property characteristics, market trends, and comparable properties to produce a fair, accurate and substantiated value.
- Inspect property to appraise value, considering factors like location, condition, and future market projections.
- Prepare detailed and comprehensive appraisal reports that meet industry standards and are compliant with state and federal regulations.
- Consult with clients on real estate transactions, providing expertise on valuation matters.
- Keep abreast of all current regulations and industry standards in real estate appraisal.
- Mentor and provide guidance to junior appraisers on the team.
- Review and provide critiques on appraisal reports completed by other appraisers.
- Engage with stakeholders, including realtors, lawyers, and government agencies, in the valuation process.
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