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Occupation information for

Appraisers, Real Estate
District Of Columbia

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

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Currently Employed: 180

Projected Annual Job Openings: 0

Typical Hourly Wage: $37.30 - $50.51

Typical Annual Salary: $77,600 - $105,100

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typical training

Typical education needed for entry: Bachelor's degree

Typical work experience needed for a job in this occupation: None

Typical on-the-job training once you have a job in this occupation: Long-term on-the-job training

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typical job duties

  • 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.
  • Collect and analyze relevant data to identify real estate market trends.
  • Inspect properties to evaluate construction, condition, special features, and functional design, and to take property measurements.
  • Examine income records and operating costs of income properties.
  • Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
  • Search public records for transactions such as sales, leases, and assessments.
  • Check building codes and zoning bylaws to determine any effects on the properties being appraised.
  • Verify legal descriptions of properties by comparing them to county records.
  • Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.

tools & technology

  • Carbon monoxide analyzer
  • Electronic charts or maps or atlases
  • Laser measuring systems
  • Notebook computers
  • Personal digital assistant PDAs or organizers

  • Analytical or scientific software
  • Data base user interface and query software
  • Financial analysis software
  • Graphics or photo imaging software
  • Map creation software

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