Real Estate Appraisal Manager Salary
|Salary||$38,541 - $129,708|
|Bonus||$100.00 - $20,168|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$35,902 - $144,425|
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.
Pay by Experience Level for Real Estate Appraisal Manager
Pay by Experience for a Real Estate Appraisal Manager has a positive trend. An entry-level Real Estate Appraisal Manager with less than 5 years of experience can expect to earn an average total compensation of $42,000 based on 9 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Real Estate Appraisal Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $56,000 based on 10 salaries. An experienced Real Estate Appraisal Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $103,000 based on 20 salaries. A Real Estate Appraisal Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $93,000 based on 8 salaries.
Key Stats for Real Estate Appraisal Manager
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