Appraisers of Personal and Business Property

What the job really is

Appraise and estimate the fair value of tangible personal or business property, such as jewelry, art, antiques, collectibles, and equipment. May also appraise land.

At a glance

• Sector: Business & Financial
• O*NET-SOC code: 13-2022
• O*NET job zone: 4 — considerable preparation
• Work sample tasks on file: 12
• Tools and technologies listed: 12

What you actually do

Work sample tasks recorded for this occupation:

• Write descriptions of the property being appraised.
• 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.
• Calculate the value of property based on comparisons to recent sales, estimated cost to reproduce, and anticipated property income streams.
• Locate and record data on sales of comparable property using specialized software, internet searches, or personal records.
• Write and submit appraisal reports for property, such as jewelry, art, antiques, collectibles, and equipment.
• Inspect personal or business property.
• Create and maintain a database of completed appraisals.
• Take photographs of property.
• Verify that property matches legal descriptions or certifications.
• Update appraisals when property has been improved, damaged, or has otherwise changed.
• Testify in court as to the value of a piece of tangible property.

Tools and technology

Microsoft Access, Microsoft Excel, Microsoft Office software, Microsoft Outlook, Microsoft PowerPoint, Microsoft Windows, Microsoft Word, Yardi software, Ascend Property Assessment, Bruno Realty eNeighboorhoods, CPR Visual Estimator, Computer assisted mass appraisal CAMA software

What employers expect you to already be comfortable with.

Where this job leads

Related occupations — the usual moves up and sideways:

• Appraisers and Assessors of Real Estate
• Real Estate Brokers
• Real Estate Sales Agents
• Insurance Appraisers, Auto Damage
• Wholesale and Retail Buyers, Except Farm Products
• Property, Real Estate, and Community Association Managers
• Loan Officers
• Tax Examiners and Collectors, and Revenue Agents

Getting in

O*NET assigns this occupation job zone 4 (considerable preparation). The related occupations above are the realistic routes in and out.

Find openings

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Check this against the source

O*NET OnLine: Appraisers of Personal and Business Property — the authoritative public-domain profile this page is derived from, including the full task list, reported skills and the wage estimates for your region.

Derived and rewritten from the public-domain O*NET database (U.S. Department of Labor / Employment and Training Administration). Figures are observations, not promises — always confirm salary, licensing and visa requirements with the employer and the relevant authority.