Appraisers of Personal and Business Property
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What is an Appraiser of Personal and Business Property?
An Appraiser of Personal and Business Property is a professional who evaluates and determines the value of various types of assets, including personal belongings, equipment, machinery, and real estate owned by businesses. These appraisers conduct thorough inspections and assessments to provide accurate valuations that can be used for a variety of purposes, including sales, insurance claims, financing, and taxation. They utilize market research, comparative sales data, and their knowledge of industry standards to arrive at a fair value for the property in question. By providing expert opinions on value, appraisers play a critical role in facilitating transactions and ensuring that parties involved have a clear understanding of the worth of the assets in question. Their expertise is essential in legal disputes, estate settlements, and financial reporting, where accurate valuations are crucial for compliance and decision-making. Additionally, appraisers often specialize in certain types of property, such as machinery, collectibles, or art, which requires a deep understanding of specific markets and valuation methods.
Tasks
- Calculate the value of property based on comparisons to recent sales, estimated cost to reproduce, and anticipated property income streams.
- Create and maintain a database of completed appraisals.
- Determine the appropriate type of valuation to make, such as fair market, replacement, or liquidation, based on the needs of the property owner.
- Document physical characteristics of property such as measurements, quality, and design.
- Forecast the value of property.
Technology Skills
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Data base user interface and query software
- Ascend Property Assessment
- Bruno Realty eNeighboorhoods
- Microsoft Access
- Yardi software
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Presentation software
- Microsoft PowerPoint
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Analytical or scientific software
- Mass appraisal records system MARS
- Wilson's Computer Applications RealEasy Appraisals
- WinEstimator WinEst
- WinGap
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Financial analysis software
- Cost estimating software
- CPR Visual Estimator
- HP 49G+ Appraiser Fee Calculator
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Spreadsheet software
- Microsoft Excel
Detailed Work Activities
- Appraise property values.
- Write reports or evaluations.
- Compile data or documentation.
- Create databases to store electronic data.
- Determine operational procedures.
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.
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Realistic
Work involves designing, building, or repairing of equipment, materials, or structures, engaging in physical activity, or working outdoors. Realistic occupations are often associated with engineering, mechanics and electronics, construction, woodworking, transportation, machine operation, agriculture, animal services, physical or manual labor, athletics, or protective services.
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.