Appraisers and Assessors of Real Estate

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ABOUT APPRAISER AND ASSESSOR OF REAL ESTATE CAREERS
Video transcript

When property is being sold, bought, or evaluated for a loan or estate, someone who does not have an interest in the transaction must consider its value. A real estate appraiser provides that objective analysis. The appraiser inspects the property, considers its location, and does research. He or she might interview people who have a connection to the property, and examine public records. Both the condition of the property, and recent sales of similar properties are factored into the calculation. The appraiser takes pictures of the outside and inside of the property, too. Then a written report is prepared. This is a job for people who enjoy getting away from the desk, to inspect property and conduct research. But an ability to develop a clear written report is also important. Some appraisers are salaried employees of banks, insurance companies, or other financial institutions. Others are independent contractors. For example, the heirs of a property owner might commission an appraisal when the owner dies, to re-set the value of the property for tax purposes. Some vocational schools offer courses in real estate appraisal, but most people working as appraisers have additional experience in fields that give them knowledge that helps them evaluate property. For example, it helps to know about building and construction materials, or the history of a neighborhood. Real estate appraisers are licensed in most states. They take a National Uniform Appraiser Examination, which is offered monthly.

SNAPSHOT

Appraise real estate, exclusively, and estimate its fair value. May assess taxes in accordance with prescribed schedules.

Daily tasks

Draw land diagrams to be used in appraisal reports to support findings.

Complete and maintain assessment rolls that show the assessed values and status of all property in a municipality.

Establish uniform and equitable systems for assessing all classes and kinds of property.

Explain assessed values to property owners and defend appealed assessments at public hearings.

Verify legal descriptions of properties by comparing them to county records.

Review information about transfers of property to ensure its accuracy, checking basic information on buyers, sellers, and sales prices and making corrections as necessary.

Prepare and maintain current data on each parcel assessed, including maps of boundaries, inventories of land and structures, property characteristics, and any applicable exemptions.

Maintain familiarity with aspects of local real estate markets.

Conduct regular reviews of property within jurisdictions to determine changes in property due to construction or demolition.

Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.

Examine the type and location of nearby services, such as shopping centers, schools, parks, and other neighborhood features, to evaluate their impact on property values.

MAIN ACTIVITIES
Getting Information Observing, receiving, and otherwise obtaining information from all relevant sources.
Analyzing Data or Information Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
Processing Information Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
Interacting With Computers Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
Making Decisions and Solving Problems Analyzing information and evaluating results to choose the best solution and solve problems.
Evaluating Information to Determine Compliance with Standards Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
Updating and Using Relevant Knowledge Keeping up-to-date technically and applying new knowledge to your job.
Documenting/Recording Information Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
AREAS OF KNOWLEDGE
English Language Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Customer and Personal Service Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Computers and Electronics Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Mathematics Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Law and Government Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Clerical Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
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.
Administration and Management Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
TOP SKILLS
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.
Reading Comprehension Understanding written sentences and paragraphs in work related documents.
Critical Thinking Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Speaking Talking to others to convey information effectively.
Judgment and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Writing Communicating effectively in writing as appropriate for the needs of the audience.
Active Learning Understanding the implications of new information for both current and future problem-solving and decision-making.
Social Perceptiveness Being aware of others' reactions and understanding why they react as they do.