Appraiser job description
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What does a Appraiser do?
The Appraiser plays a crucial role in determining the market value of real estate properties. This position is essential in providing accurate valuations that assist clients and financial institutions in making informed investment decisions and managing their property portfolios effectively.
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What are the Key Responsibilities of Appraiser
- Conduct thorough property inspections to assess condition and overall value.
- Research and analyze real estate market trends to inform appraisals.
- Prepare detailed valuation reports for various property types, including residential and commercial.
- Ensure appraisal compliance with relevant laws and standards.
- Communicate findings with clients, lenders, and real estate professionals.
- Stay updated with changes in real estate laws and appraisal techniques.
What are the Skills and Requirements for a Appraiser?
- Strong analytical and research skills.
- Proficiency with appraisal software and tools.
- Excellent written and verbal communication skills.
- Attention to detail and accuracy in valuation tasks.
- Ability to work independently and manage multiple assignments.
What are the KPIs to track for Appraiser?
The Appraiser's performance is measured by the accuracy of valuations, the timeliness of report delivery, client satisfaction, and adherence to regulatory standards.
Valuation Accuracy
Maintain a high level of precision in property valuation.
Report Timeliness
Consistently deliver appraisal reports within the agreed timeline.
Client Satisfaction
Achieve high satisfaction scores from clients and repeat engagements.
Reports to
Senior Appraiser or Director of Appraisal Services
Collaborates with
Real Estate Agents, Loan Officers
Leads
None
Are any specific tools or software required for the Appraiser role?
- Real Estate Appraisal Software
- GIS Mapping Tools
- MS Office Suite
What is the qualification of Appraiser?
Bachelor's degree in Real Estate, Finance, or a related field, along with state certification and at least 3 years of appraisal experience.
