Appraisers and Assessors of Real Estate
What is a Appraisers and Assessors of Real Estate?
Appraisers and assessors of real estate are professionals tasked with determining the value of properties, which is essential for sales, financing, and property taxes. They evaluate real estate properties, including residential homes, commercial buildings, and land, using a variety of methods. Appraisers typically work under specific guidelines and standards to ensure that their evaluations are fair and objective. They conduct thorough inspections of the properties, analyze market trends, and utilize comparable sales data to arrive at an accurate property valuation. Assessors, on the other hand, focus on maintaining property tax assessments in their jurisdiction, ensuring that properties are accurately valued for tax purposes. Both roles require a deep understanding of the real estate market, various valuation techniques, and regulatory frameworks. As economic factors can fluctuate, their expertise is crucial to inform buyers, sellers, investors, and government entities about property values. The work of appraisers and assessors not only influences individual transactions but also contributes to broader economic assessments and development planning in communities.
Tasks
- 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.
- Inspect new construction and major improvements to existing structures to determine values.
- Collect and analyze relevant data to identify real estate market trends.
- Prepare and maintain current data on each parcel assessed, including maps of boundaries, inventories of land and structures, property characteristics, and any applicable exemptions.
Technology Skills
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Data base user interface and query software
- Database software
- Microsoft Access
- Visual PAMSPro
- Yardi software
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Video conferencing software
- Google Meet
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Analytical or scientific software
- Construction Management Software ProEst
- Manatron ProVal Plus
- MicroSolve CAMA
- WinEstimator WinEst
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Financial analysis software
- Cost estimating software
- CPR Visual Estimator
- RPIS Silent CMA
- TietoEnator ProMatch
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Map creation software
- Emerald Data Deed-Chek
- Geomechanical design analysis GDA software
- Greenbrier Graphics Deed Plotter
- Informatik MapDraw Deed Mapper
Tools Used
- Electronic charts or maps or atlases
- Laser measuring systems
- Carbon monoxide analyzer
- Notebook computers
- Personal digital assistant PDAs or organizers
Knowledge
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English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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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.
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Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
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Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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Law and Government
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Skills
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Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
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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.
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Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
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Speaking
Talking to others to convey information effectively.
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Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Abilities
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Written Comprehension
The ability to read and understand information and ideas presented in writing.
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Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
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Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
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Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
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Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
Work Activities
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Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
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Analyzing Data or Information
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
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Processing Information
Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
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Making Decisions and Solving Problems
Analyzing information and evaluating results to choose the best solution and solve problems.
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Working with Computers
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
Detailed Work Activities
- Appraise property values.
- Prepare financial documents, reports, or budgets.
- Analyze market conditions or trends.
- Maintain data in information systems or databases.
- Interpret financial information for others.
Work Interests
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Conventional
Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.
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Enterprising
Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.
Job Outlook
Projected salary and job growth
$36230.0 - $116580.0
New job opportunities are likely in the future. : Average
Assessment
Related assessments and tests
No assessment available.