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Appraisers and Assessors of Real Estate

  • Financial Services

Tasks

What tasks do Appraisers and Assessors of Real Estate perform?

  • 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.

  • Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.

  • Search public records for transactions such as sales, leases, and assessments.


Knowledge

What do Appraisers and Assessors of Real Estate need to know?

  • English Language

    Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.

  • Mathematics

    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

  • 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.


Skills

What skills do Appraisers and Assessors of Real Estate need?

  • Reading Comprehension

    Understanding written sentences and paragraphs in work-related documents.

  • 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.

  • Critical Thinking

    Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.



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Data on career profiles are based on information supplied by the O*NET Program, sponsored by U.S. Department of Labor, Employment, and Training Administration.