What Is the Job Description of an Appraiser?
Are you interested in how the costs of real estate, machinery, businesses, collectibles and jewelry are found? Appraisers comb over the fine details and use their training to estimate value. As an appraiser, it'll be up to you to research, examine and determine the worth of various items. If you choose to become an appraiser, you can specialize in one field or offer general appraisal services. Schools offering Real Estate degrees can also be found in these popular choices.
The Work of an Appraiser
Real Estate Property
Any time a piece of property is mortgaged, sold, taxed, insured or developed, a real estate property appraiser assesses the value of the home, building or land. As a real estate appraiser, you'll need to document your extensive research used to appraise a property. You might need to take pictures of any areas of concern and note comparable sales, previous value estimates, potential income, location and assets associated with the property. You could become proficient in appraising a particular type of property, such as residential, commercial, industrial or vacant land, or offer appraisal services for several types.
As a personal property appraiser, you'll need to be able to identify the worth of various items. You could specialize in particular items types, such as fine art, antiques, collectibles, textiles, books or wine. Becoming familiar with a particular era, artist or region might improve your expertise in identifying the quality and authenticity of certain items.
Machinery and Technical
As a machinery or technical appraiser, you'll focus on industrial-based appraisals. You could appraise the value of a personal computer or a supercomputer. You can also specialize in aircraft. With certification in oil and gas appraisals, you might appraise the value of developed or undeveloped hydrocarbon reserves. Learning the value of specific machinery and technical items could allow you to appraise industrial equipment, public utilities or marine vessels.
Gems and Jewelry
Working as a gemstone and jewelry appraiser, you'll often determine the value of several types of jewelry. Appraised items can include small gems and jewelry pieces found in local department stores, antique heirlooms handed down through generations or recently mined, large gems being sold at auction.
As a business appraiser, you'll typically appraise the value of many types of companies, including a small store in the country or a large corporation with multiple holdings. You'll attach a value to all tangible and intangible assets in a company's holding. You could also evaluate individual assets of businesses, such as patents, trademarks or securities.
You can earn certification through the American Society of Appraisers (ASA), which represents top quality work in the appraisal field (www.appraisers.org). The organization offers credentials for all types of appraisers, including real estate, business and jewelry. To become accredited by the organization, you'll need to complete sufficient education and experience as well as provide documented appraisals you've completed. You can earn accreditation in more than one field, and you'll need to participate in continuing education to keep your credentials valid.
Senior member accredited status requires five years of appraisal experience. With this level of membership, you can also seek certification as a Master Gemologist Appraiser if you specialize in jewelry and gemstone appraisal. You'll need to complete required training through the Gemological Institute of America, pass the Farnsworth-Munsell 100-Hue Test for color discrimination and take two courses offered by the ASA appraiser program.
To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below: