What Is A ?
A real estate appraiser salary can vary greatly depending on the appraiser’s level of experience and geographic location. Appraisers typically assess the value of large properties such as commercial developments, residential homes and farms in order to determine the purchase, sale or loan amount of the properties.
Appraiser Salary Range
Appraisers can make between USD 40,000 to USD 80,000 a year depending on the size of the appraiser’s business or if they are employed by an agency. An appraiser who is employed through an agency will generally expect to make a lower salary than one who is self-employed, as the agency maintains more control over the appraiser’s fees.
Factors that Determine Salary Range
In addition to experience and type of employment, the following factors can have an impact on the salary range for appraisers:
- Area of Specialization: An appraiser who specializes in a particular field, such as commercial real estate, can expect to make higher wages.
- License: Appraisers must obtain state licensing in order to practice. Some states require professional appraiser designations, such as the Certified Residential or Certified General appraiser. The more licenses an appraiser holds, the higher their wages can be.
- Expertise: Appraisers with additional training and expertise, such as being a Certified Appraisal Instructor, or being certified by organizations such as the National Association of Appraisers and the American Society of Appraisers, can often command higher wages.
- Geographic Area: Real estate salaried can be higher or lower depending on the geographic location. Generally, salaries tend to be higher in densely-populated cities and regions.
Conclusion
Real estate appraiser salaries vary greatly depending on various factors including experience, license, area of specialization and geographic area. Generally, experienced appraisers working in higher populated areas with additional licenses, can command higher wages than those with just basic appraiser credentials.