Appraiser (Residential Real Estate) conducts residential real estate appraisals to establish the market value generally used for lending, insurance, or other purposes. Follows standard processes for conducting on-site property inspections, data collection, and research relevant market conditions required to perform valuations. Being an Appraiser (Residential Real Estate) investigates the quality of the construction, the overall condition of the property, and the surrounding location. Uses generally accepted appraisal practice concepts and practices to perform data analysis, develop valuation estimates, and write comprehensive reports and exhibits. Additionally, Appraiser (Residential Real Estate) utilizes appraisal software tools and databases. Ensures that reports comply with required policies, formats, and regulations. May require a bachelor's degree. May require the Member of the Appraisal Institute (SRA) or similar designation. Requires a State Appraiser License. Typically reports to a manager. The Appraiser (Residential Real Estate) occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Appraiser (Residential Real Estate) typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
Entry level starts at $49,370.00. Salary will commensurate at the appropriate level based on additional years of experience and certifications per the career ladder.
General Description: This is a paraprofessional position that performs complex technical tasks in order to determine the value of Real Estate.
Organization: The Real Estate Appraiser is part of Hanover's Career Development Program (CD). The Appraiser Ladder has four levels ranging from Real Estate Appraiser I to Senior Real Estate Appraiser. Incumbents report to the Director of Real Estate Assessments and supervise no staff. Senior level Appraisers may provide workflow guidance to lower level Appraisers.
Essential Functions:
Working Conditions:
A. Hazards
• Conditions – Potential danger around construction sites
B. Environment
• Office
• Field
C. Physical Effort
• Minimal
D. Exempt
Knowledge, Skills and Abilities: Extensive knowledge of the appraisal field, construction practices and of building and land values is required. Must be computer literate. Familiarity with Appraisal software, desired. Ability to communicate effectively –both orally and in writing- required. Must be able to interpret information to determine property values.
Education, Experience and Training: Associate's degree in real estate or business for a level III or Bachelor's degree in real estate or business preferred for Senior level. Four (4) years experience for a level III, or six (6) years experience for Senior level, in the appraisal of real estate, preferably for tax assessment. – OR – Any equivalent combination of education, experience and/or training sufficient to demonstrate the knowledge, skills and abilities is acceptable. Higher levels on the Career Ladder require additional education and experience.
Special Conditions:
• Criminal Records Check, including fingerprinting
• Valid Commonwealth of Virginia Driver's License
• Work beyond normal work schedule
• Real Estate License or IAAO Coursework required at Level III
• Professional Designation and License or IAAO Coursework required at the Senior level.
• Twelve-month probationary period