Appraisers of Personal and Business Property
13-2022.00
Appraise and estimate the fair value of tangible personal or business property, such as jewelry, art, antiques, collectibles, and equipment. May also appraise land.
Sample of reported job titles: Appraiser, Appraiser Analyst, Certified Commercial Appraiser, Commercial Appraiser, Commercial Property Appraiser, Estate Appraiser, Gemologist, Industrial Appraiser, Jewelry Appraiser, Licensed Appraiser, Machinery Appraiser, Personal and Business Property Appraiser, Personal Property Appraiser, Personal Property Assessor, Physical Appraiser, Precious Metal Appraiser, Property Appraiser, Property Condition Assessor, Review Appraiser, Tangible Personal Property Appraiser, Valuation Consultant, Valuation Specialist
Occupation-Specific Information
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.
- Inspect personal or business property.
- Locate and record data on sales of comparable property using specialized software, internet searches, or personal records.
- Recommend loan amounts based on the value of property being used as collateral.
- Take photographs of property.
- Testify in court as to the value of a piece of tangible property.
- Update appraisals when property has been improved, damaged, or has otherwise changed.
- Verify that property matches legal descriptions or certifications.
- Write and submit appraisal reports for property, such as jewelry, art, antiques, collectibles, and equipment.
- Write descriptions of the property being appraised.
Technology Skills
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Analytical or scientific software -
Computer assisted mass appraisal CAMA software; Mass appraisal records system MARS; Wilson's Computer Applications RealEasy Appraisals; WinEstimator WinEst; WinGap
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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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Electronic mail software -
Microsoft Outlook 🔥
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Financial analysis software -
Cost estimating software; CPR Visual Estimator; HP 49G+ Appraiser Fee Calculator
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Internet browser software -
Web browser software
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Office suite software -
Microsoft Office software 🔥
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Operating system software -
Microsoft Windows 🔥
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Presentation software -
Microsoft PowerPoint 🔥
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Spreadsheet software -
Microsoft Excel 🔥
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Word processing software -
Microsoft Word 🔥; Word processing software
Occupational Requirements
Work Activities
Detailed Work Activities
- Appraise property values.
- Compile data or documentation.
- Create databases to store electronic data.
- Maintain data in information systems or databases.
- Determine operational procedures.
- Write reports or evaluations.
- Forecast economic, political, or social trends.
- Inspect items for damage or defects.
- Gather information in order to provide services to clients.
- Enter information into databases or software programs.
- Implement financial decisions.
- Record images needed to address work issues.
- Testify at legal or legislative proceedings.
- Update computer database information.
- Verify information or specifications.
- Write informational material.