AppraiserSample Job Descriptions, Salaries, and Interview Questions

An appraiser assesses the value of a property for those who own, rent, sell, manage, lend, or invest in commercial or residential real estate properties. They must have an eye for detail and good communication skills. Appraisers work on-site at property locations, checking every detail to determine the current property value. They also might appraise investment properties to assess the income potential. Appraisers might work for government agencies, financial institutions, or as independent contractors.

Appraisers assess the value of a property after a thorough inspection, by researching comparable homes, properties, buildings, public records, legal descriptions, and tax records. They analyze the collected data to determine the current property’s value and potential future value. They need good written communication skills as they prepare appraisal reports with their assessment results. They also need to stay current on standards, building codes, real estate market best practices, real estate law, and regulations. Good verbal communication skills and tactfulness are a must as appraisers spend time with property owners and may have to address conflicts that can arise if their assessment of the property value is not what the owner expected.

Sample job description #1

Responsibilities

  • Final reconciliation of value considering cost, income, and market approach.
  • Analyze income, cost, and land models to identify patterns or anomalies as applied to individual properties.
  • Prepare and present defense of values to appointed boards.
  • Inspect and gather images of properties to ensure that property records reflect current and accurate property characteristics.
  • Collect and record detailed property and economic data and verify data via interview with property owner or occupant if available.

Qualifications

  • Two years or more experience as a commercial data collector or review appraiser.
  • Practitioner – Tax Assessor or Appraiser
  • Significant commercial mass appraisal experience
  • Excellent analytical ability
  • Spatial ability to read maps and locate a physical location on a map
  • Ability to visualize floor plan footprints based on three-dimensional buildings
  • Good math skills to calculate square footage, ratios, and similar functions
  • Working knowledge of income capitalization
  • General PC skills including knowledge of MS Word and Excel, or other equivalents, are desirable
  • Must be able to provide reliable transportation, carry full insurance on vehicle and have valid driver’s license.

Sample job description #2

Responsibilities

  • Complete residential property appraisal reports for 1 – 4 family residential real estate properties in compliance with Uniform Standards of Professional Appraisal Practice (USPAP) guidelines and federal and state appraisal laws ensuring exceptional quality and credibility of appraisal theory and methodology governing residential real property.
  • Provide seamless communication to both property contacts (Borrower) and home office
  • Participate in team meetings and ongoing training
  • Occasional review work if there is down time
  • Additional duties, as assigned

Qualifications

  • Strong analytical and decision-making skills
  • Ability to work independently and meet established production standards
  • Effective verbal and written communication skills
  • Adherence to due dates and timelines as outline by each order or project
  • Work with a level of professionalism as outlined by the company
  • Must be a licensed or certified appraiser with less than 5 years of experience

Sample job description #3

Job Outline

  • Focused on completing appraisals with your team, managing client communication, collecting, and confirming market data, and supporting leadership initiatives.
  • Independently producing high quality and error free appraisal reports
  • Specializing in a particular asset type or geography, and sharing knowledge with colleagues
  • Consistently delivering industry leading client service
  • Representing the valuation team while supporting cross-functional company initiatives
  • Assisting with business development initiatives and maintaining industry wide relationships
  • Keeping abreast of macro and micro industry trends within the commercial real estate space
  • Inspecting properties of all asset types
  • Working directly with our in house development team to continue to improve our technology
  • Providing feedback on application use and improvements

Job Requirements

  • Ideally 7+ years of appraisal experience
  • A minimum of 3 year of independently producing appraisal reports for review
  • State licensure is required
  • MAI licensure is required
  • Advanced market knowledge of multiple asset types
  • Bachelor’s degree in Real Estate, Finance, Accounting, or related area.
  • Desire to work in a fast-paced, entrepreneurial environment where you can play a critical role in the on-going growth of a ground-breaking, real estate technology transaction platform
  • Strong analytical abilities & customer service focus
  • A self-starter mentality and experience taking ownership of projects with limited direction
  • Ability to thrive in a low-ego, highly-collaborative work environment
  • Excellent written and verbal communication skills
  • Excellent time management and organization skills, as well as the ability to execute on multiple projects with overlapping timelines

Average salary and compensation

The average salary for an appraiser is $62,300, with significant upside in total compensation. Salary will vary based on market and company size, and industry expertise.

LocationSalary LowSalary High
Phoenix, Arizona$61,950$83,800
Los Angeles, California$69,900$94,550
Denver, Colorado$58,250$78,800
Washington, DC$70,950$96,000
Miami, Florida$58,000$78,450
Orlando, Florida$53,500$72,350
Tampa, Florida$54,000$73,000
Atlanta, Georgia$56,650$76,650
Chicago, Illinois$65,150$88,100
Boston, Massachusetts$70,450$95,300
Minneapolis-St. Paul, Minnesota$56,150$75,950
New York City, New York$74,150$100,300
Philadelphia, Pennsylvania$60,400$81,650
Dallas, Texas$58,800$79,500
Houston, Texas$58,250$78,800
Seattle, Washington$67,800$91,700
National Average$52,950$71,650

Sample interview questions

  • How do you decide which work to prioritize?
  • Why should we hire you instead of another candidate?
  • How would you describe your work ethic?
  • What skill sets are important to have as an appraiser?
  • What encouraged you to become an appraiser?
  • What are your strengths and weaknesses?
  • Do you work well under pressure?
  • Can you tell us about a challenging time you had evaluating a property?
  • What are your organizational skills like? 
  • Have you ever made a mistake in a property value estimation? How did you handle that situation?
  • What software do you have experience with?
  • How do you stay up to date with market regulations?
  • How do you ensure the accuracy of property evaluations?
  • Have you ever had to work with a demanding or rude property owner? If so, how did you handle that?
  • What would you say is your biggest accomplishment yet?

Appraiser Jobs in Ashburn

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