Real Estate Appraiser job description

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Description

Real Estate Appraisers are responsible for evaluating the market value of real estate properties. This value is an estimate price of a home to be placed on the market. They use two methods to determine the value of a property. The first one compares the specific property with recent sale prices of comparable houses in the same area. The second method is used when there is not a reliable record to compare the price of the property, for instance, new constructions, and other factors are taken into account.

Real Estate Appraisers usually perform many of the following tasks:
• Searching public records for transactions.
• Obtaining county land values.
• Evaluating neighborhoods and lands.
• Photographing exteriors and interiors of properties.
• Computing final estimation of property values.

Skills

• Having business skills.
• Being able to listen and answer any question about this field.
• Having high attention to details.
• Being able to understand paragraphs and sentences in work related documents.
• Having decision making skills.
• Being trustworthy.
• Having math skills.
• Being analytical.
• Having good written and verbal communication skills.
• Being able to find alternative solutions to problems.

Education

There are no specific academic qualifications to be a Real Estate Appraiser, though it is recommended to have a Bachelor´s Degree related to this industry, such as Finance, Economics, or Business. All professionals working on this field must be licensed by a financial or government institution. This qualification requires that applicants have a Bachelor´s Degree or equivalent college credit hours and pass a real estate examination. Among licenses for professionals of this area are the Certified General Real Property Appraiser, the State Licensed Appraiser, and the State Certified Residential Real Property Appraiser.

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