Real Estate Appraiser Salary

Commissions comprise a big part of overall income for Real Estate Appraisers. The median take-home amount in this area is around $64K, and on average, a little less than one-half of that final number comes from commissions. Total incomes of Real Estate Appraisers incorporate potential for, in a few cases, more than $25K from bonuses and close to $20K from profit sharing; these performance components cause packages to range between $35K and $113K. Geography and years of experience each impact pay for this group, with the former having the largest influence. Most Real Estate Appraisers like their work and job satisfaction is high. Unfortunately, some people in this line of work are without benefits — more than a third lack coverage. On the flip side, a majority have medical insurance and a little less than half receive dental plans. The data in this summary comes from the PayScale salary survey.
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$36,304 - $112,348
$36K
$64K
$110K
MEDIAN: $64,256
10%
50%
90%

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$12.24 - $44.31
$12
$20
$44
MEDIAN: $19.99
10%
50%
90%

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$0$113K
Salary $36,304 - $112,348
Bonus $5.00 - $24,566
Profit Sharing $0.00 - $20,044
Commission $30,000
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).
)
$35,485 - $113,243
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 311
Hourly Data $0$54
Hourly Rate $12.24 - $44.31
Overtime $30.00
Annual Data $0$113K
Bonus $5.00 - $24,566
Commission $30,000
Profit Sharing $0.00 - $20,044
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).
)
$35,485 - $113,243
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 35

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Job Description for Real Estate Appraiser

Real estate appraisers are responsible for assessing the value of a property. Most real estate appraisers are contracted by an individual or a business (via an appraisal company) to perform a series of routine checks that will go on record to establish a property's worth. Appraisers' duties vary based on type of property and specific circumstance. For example, assessing the value of a commercial building may take substantially longer than an assessment of a single home. However, appraisers working on personal homes typically deal with multiple jobs at a time.

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Real Estate Appraiser Tasks

  • Calculate estimates of the value of property for sales, mortgages, and loans.
  • Create written reports detailing estimation process and results.
  • Conduct inspections of properties to identify factors which could influence property value.
  • Research property sales history, value of neighboring homes, and the value of homes in the region.

Common Career Paths for Real Estate Appraiser


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Real Estate Appraisers may not see large compensation differences if they transition into an upper-level role such as Commercial Real Estate Appraiser. Commercial Real Estate Appraisers on average make about as much as Real Estate Appraisers do. Real Estate Appraisers most often move into positions as Residential Real Estate Appraisers or Real Estate Appraisers and Assessors. Residential Real Estate Appraisers actually earn $12K less on average, however, and Real Estate Appraisers and Assessors earn $21K less per year than Real Estate Appraisers do.

Real Estate Appraiser Job Listings

Pay by Experience Level for Real Estate Appraiser

Pay by Experience for a Real Estate Appraiser has a positive trend. An entry-level Real Estate Appraiser with less than 5 years of experience can expect to earn an average total compensation of $44,000 based on 87 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Real Estate Appraiser with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $62,000 based on 75 salaries. An experienced Real Estate Appraiser which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $78,000 based on 126 salaries. A Real Estate Appraiser with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $82,000 based on 99 salaries.

Real Estate Appraiser Advice

Q: What is it like working as a Real Estate Appraiser?

Real Estate Appraiser in Columbus:
"Yes."
Stop asking me questions and tell me the damn answer.

Related Job Salaries

Key Stats for Real Estate Appraiser

Gender

Female
30 %
Male
70 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.
Less than 1 year
7%
1-4 years
21%
5-9 years
12%
10-19 years
32%
20 years or more
29%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Real Estate Appraiser Salaries

Late-Career
▲29%

Experienced
▲22%

National Average
$64,000

Mid-Career
▼2%

Entry-Level
▼31%

Skills That Affect Real Estate Appraiser Salaries

Valuation
▲27%

▲14%

National Average
$64,000

Data Analysis
▼13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
7%
1-4 years
21%
5-9 years
12%
10-19 years
32%
20 years or more
29%

Common Health Benefits

medical benefits
Medical: 63%
dental benefits
Dental: 46%
vision benefits
Vision: 44%
no benefits
None: 36%
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