Appraisers, Real Estate

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About the Job

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

It is also Called

  • Appraiser
  • Bank Appraiser
  • Certified Real Estate Appraiser
  • Certified Residential Real Estate Appraiser
  • Commercial Real Estate Appraiser
  • Engagement Director
  • Home Appraiser
  • Licensed Appraiser
  • Property Appraiser
  • Real Estate Appraiser
View All

What They Do

  • 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.
  • Collect and analyze relevant data to identify real estate market trends.
  • Inspect properties to evaluate construction, condition, special features, and functional design, and to take property measurements.
  • Examine income records and operating costs of income properties.
  • Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
  • Search public records for transactions such as sales, leases, and assessments.
  • Check building codes and zoning bylaws to determine any effects on the properties being appraised.
  • Verify legal descriptions of properties by comparing them to county records.
  • Interview persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information.

Interests

People who work in this occupation generally have the interest code: ECR.

This means people who work in this occupation generally have Enterprising interests, but also prefer Conventional and Realistic environments.

Work Values

People who work in this occupation generally prize Independence, but also value Support and Achievement in their jobs.

Things They Need to Know

  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  • 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.
  • 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.

Things They Need to Be Able to Do

  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • 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.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Speaking - Talking to others to convey information effectively.
  • Mathematics - Using mathematics to solve problems.

Education Required

Most of these occupations require a four-year bachelor's degree, but some do not.

Wages

In 2018, the average annual wage in Kansas City, MO-KS was $65,290 with most people making between $30,030 and $115,800

Outlook

11.64%
avg. annual growth

During 2014, this occupation employed approximately 292 people in Kansas City, MO-KS. It is projected that there will be - employed in 2024.

This occupation will have about 34 openings due to growth and about 47 replacement openings for approximately 81 total annual openings.



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