Real Estate Appraisal Manager Salary
Job Description for Real Estate Appraisal Manager
Real estate appraisal managers must have in-depth knowledge of the housing market and a strong ability to work well with others, as they are responsible for researching the housing market and estimating prices of properties for various purposes. This includes estimating sales prices, taxes, financing, development, and insurance purposes, and some managers may focus on specific areas of real estate, such as apartments, hotels, or houses, while others work with a variety of properties.Read More...
Real estate appraisal managers must write detailed reports about a property which specify its value and the reasons why, including specific details of how the price was reached and what might affect the value. These managers usually work independently, but work with a variety of clients and people interested in purchasing property. An associate's degree and AQB certification from the Appraisal Foundation are often minimum requirements for this position, and they must also obtain 150 hours of on-the-job training. Job growth for this position is at about 8% and is expected to rise in coming years.
Real Estate Appraisal Manager Tasks
- Work with clients to assess the value of properties for a variety of purposes.
- Supervise, mentor, and motivate staff.
- Build strong relationships with clients, including identifying and contacting new clients.
- Research local and national valuation trends and use them to inform appraisals.
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Pay by Experience Level for Real Estate Appraisal Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
People who have worked for fewer than five years bring home $40K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $63K. Experienced professionals who have spent one to two decades on the job can score lucrative paychecks that average out to $100K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $93K.