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Employment
In 2004, appraisers and assessors of real estate held about 102,000 jobs. Most appraisers and assessors work full-time. Nearly 4 out of 10 are self-employed; virtually all are appraisers. Employment is concentrated in areas with high levels of real estate activity, such as major metropolitan areas. Assessors are more uniformly spread throughout the country than appraisers because every locality has at least one assessor. About 1 out of 4 worked in local government; almost all were assessors. Another 1 out of 4, mainly appraisers, worked for real estate firms, while a relatively small number worked for financial institutions, such as banks and credit unions. Most independent fee appraisers' offices are relatively small, consisting of either just themselves or a small staff. However, private institutions such as banks and mortgage broker offices may employ several appraisers in one office. The size of the office employing assessors depends on the size of the local government; in some States assessments are by counties whereas in other States assessments are made by municipalities or other local governments. Therefore a county assessor's office probably would employ more assessors than a small town, which may only employ a single assessor.
Earnings
Median annual earnings of appraisers and assessors of real estate were $43,390 in May 2004. The middle 50 percent earned between $30,820 and $60,110. The lowest 10 percent earned less than $22,300 and the highest 10 percent earned more than $81,240. Median annual earnings of those working for local governments were $38,940. Median annual earnings of those working for real estate firms were $46,330. Generally, those working in urban and coastal regions earned more than those working in rural locations.
Related Occupations
Other occupations that involve the inspection of real estate include construction and building inspectors, real estate brokers and sales agents, and urban and regional planners. Appraisers and assessors must also place a monetary value on properties. Occupations also involved in valuing items include claims adjusters, appraisers, examiners and investigators, as well as cost estimators.
Common Lay Titles
Appraiser
Bank Appraiser
Certified Real Estate Appraiser
Certified Residential Real Estate Appraiser
Commercial Real Estate Appraiser
Engagement Director
Home Appraiser
Land Appraiser
Licensed Appraiser
Licensed Real Estate Appraiser
Property Appraiser
Real Estate Analyst
Real Estate Appraiser
Real Property Appraiser
Registered Appraiser
Residential Fee Appraiser
Residential Real Estate Appraiser
Staff Appraiser
Supervisor, Real Estate Appraiser
Valuation Consultant
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Schools Offering Degrees for
Appraisers, Real Estate |
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Career
Assessment
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