Appraisal Profession
Summary
| Quick Facts: Appraisers and Assessors of Real Estate | |
|---|---|
| $49,540 per year $23.82 per hour |
|
| Bachelor’s degree | |
| None | |
| Long-term on-the-job training | |
| 83,700 | |
| 6% (Slower than average) | |
| 4,700 | |
What Appraisers and Assessors of Real Estate Do
Appraisers and assessors of real estate estimate the value of land and the buildings on the land usually before it is sold, mortgaged, taxed, insured, or developed.
Work Environment
Although appraisers and assessors of real estate work in offices, they often spend a large part of their day visiting properties. Most work full time during regular business hours.
How to Become an Appraiser or Assessor of Real Estate
All appraisers and assessors must be licensed or certified, but requirements vary widely. To obtain a license, appraisers of residential real property usually must have at least an associate’s degree, and appraisers of more complex residential or commercial property usually must have at least a bachelor’s degree. For assessors, most states set education and experience requirements that an assessor must meet in order to practice.
Pay
The median annual wage for appraisers and assessors of real estate was $49,540 in May 2012.
Job Outlook
Employment of appraisers and assessors of real estate is projected to grow 6 percent from 2012 to 2022, slower than the average for all occupations. Employment opportunities should be best in areas with active real estate markets. Workers should expect strong competition for jobs.
Similar Occupations
Compare the job duties, education, job growth, and pay of appraisers and assessors of real estate with similar occupations.
More Information, Including Links to O*NET
Learn more about appraisers and assessors of real estate by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2014-15 Edition, Appraisers and Assessors of Real Estate,
on the Internet at http://www.bls.gov/ooh/business-and-financial/appraisers-and-assessors-of-real-estate.htm (visited September 06, 2014).
