Real Estate Appraisers: Salary, Job Description, How To Become One, and Quiz

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Real Estate Appraisers career information
pros and cons of being a Real Estate Appraiser

Real Estate Appraisers

appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.

$61870
Salary
72%
Job Satisfaction
Hard
Becoming One
Low
Job Growth
Suitable Personality

Real Estate Appraisers

Salary, Job Description, How To Become One, and More


In this career summary, you will find out what the job of a Real Estate Appraiser is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Real Estate Appraisers appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes.


    Read more about what does a Real Estate Appraiser really do at work and what is it like being and working as one.




    Become one

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    Salary

    Average salary
    $61870 per year

    Average hourly wage
    $30 per hour


    Real Estate Appraisers with little to no experience tend to make between $29690 and $40310 while the more experienced ones can earn over $77290 per year.

    Top 5 paying statesHourlyAnnual
    NV$45$94,400
    DC$45$93,730
    CA$40$84,130
    CO$38$79,390
    IA$38$78,680

    One of the easiest ways to increase your salary as a Real Estate Appraiser is to move to a higher paying state like NV. Right now, the highest paying states for Real Estate Appraisers are NV, DC, CA, CO and IA.

    However a higher pay at NV doesn’t guarantee that you will make more because the living expenses at NV might be twice as high than where you are currently at now.

    Three other factors that can increase your salary as a Real Estate Appraiser is the degree you hold, the industry you work in and lastly the company you work for.



    Requirements

    Recommended degree level
    Bachelor’s Degree

    We asked other Real Estate Appraisers what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by an Associate’s Degree.

    Other than that, we also asked them what did they major in and here are the most popular majors that came up.

    Real Estate Development
    Real Estate

    Read more about how to become a Real Estate Appraiser and the degree, training and education you need.



    Pros and Cons

    Here are some of the pros and cons of being a Real Estate Appraiser.

    PROS
    Suitable for people who likes to start and carry out projects
    Suitable for people who wants independence and likes to work on their own and make decisions
    This career is perfect for people who love to work indoors.
    Good salary (earns more than 50% of the careers out there)
    CONS
    Not suitable for people who likes to work with designs
    It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career.
    Long working hours (More than 40 hours per week)



    What is the job like

    Job satisfaction
    72%

    Is this job meaningful
    41%


    72% of Real Estate Appraisers said they were satisfied with their job and 41% said they feel like their job is making other people’s lives better.



    Is this right for me

    Best personality for this career
    The Entrepreneurs and The Organizers


    You can read more about these career personality types here.

    People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business..

    They also like following set procedures and routines. They like working with data and details more than with ideas.



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