Commercial Real Estate Appraiser Job Description [Updated for 2025]

In the modern business landscape, the role of the commercial real estate appraiser has become increasingly significant.

As the business world evolves, so does the demand for seasoned professionals who can accurately assess, analyze and provide detailed reports on the value of commercial properties.

But let’s delve deeper: What’s truly expected from a commercial real estate appraiser?

Whether you are:

• A job seeker trying to grasp the core responsibilities of this role,
• A hiring manager outlining the profile of an ideal candidate,
• Or simply fascinated by the intricacies of commercial real estate appraisal,

You’ve come to the right place.

Today, we present a customizable commercial real estate appraiser job description template, designed for effortless posting on job boards or career sites.

Let’s dive straight into it.

Commercial Real Estate Appraiser Duties and Responsibilities

Commercial Real Estate Appraisers determine the value of properties for selling, purchasing, and investment purposes.

They use their expertise in real estate, construction, and property valuation to provide accurate assessments and reports.

The following duties and responsibilities are commonly associated with this role:

• Research and collect data about the commercial real estate market, including sales, listings, vacancies, and cost trends
• Inspect properties and buildings to assess their condition, quality, and features
• Assess the value of land and buildings on the property
• Consider factors such as property location, proximity to amenities, and zoning when appraising property
• Prepare written reports that estimate property values, outline methods used in determining appraisals, and provide supporting documentation
• Analyze data regarding comparable properties, market conditions, and zoning regulations
• Consult with real estate professionals, including agents, brokers, and attorneys, to verify property details and obtain additional information
• Keep up with the latest trends and changes in the real estate market to provide accurate and up-to-date appraisals
• Testify in court about appraisals and property values, if required
• Adhere to ethical standards and comply with all laws and regulations in performing appraisals

 

Commercial Real Estate Appraiser Job Description Template

Job Brief

We are seeking a detail-oriented and experienced Commercial Real Estate Appraiser to evaluate properties and determine their market value.

Responsibilities include gathering and analyzing data about the property, studying market trends, inspecting properties, and writing detailed reports.

Our ideal candidate is knowledgeable in commercial real estate market trends, possesses excellent analytical skills, and is able to accurately determine property values according to local real estate market data.

 

Responsibilities

• Conducting property inspections to gather information relevant to the valuation
• Analyzing market trends and comparable properties to determine the value of a property
• Preparing detailed written reports that outline a property’s characteristics and the reasons for the assigned value
• Ensuring legal and company compliance in all property assessments
• Presenting appraisal results to clients, government agencies, or financial institutions
• Consulting with realtors and real estate personnel to discuss market conditions

 

Qualifications

• Proven work experience as a real estate appraiser
• Strong knowledge of commercial real estate market and property valuation methodologies
• Ability to use real estate appraisal software
• Excellent analytical skills with attention to detail
• Ability to write detailed reports
• Real Estate Appraiser license or certification
• BSc degree in Real Estate, Economics, or relevant field

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Commercial Real Estate Appraiser
• Work Environment: Office setting, with frequent travel to property sites for inspections.
• Reporting Structure: Reports to the Chief Appraiser or Appraisal Manager.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $78,000 minimum to $150,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Commercial Real Estate Appraiser Do?

A Commercial Real Estate Appraiser is an industry professional who evaluates commercial properties to determine their fair market value.

They usually work for real estate firms, banks, mortgage companies or independently, offering their services to various clients that may include property owners, investors, or potential buyers.

Their job involves inspecting properties, noting unique characteristics, the condition and any improvements made.

They also research and analyze market trends, comparable properties, and public records to gather and interpret data.

Apart from physical inspection, a Commercial Real Estate Appraiser also investigates legal descriptions in public records such as leases, deeds, and any other legal documentation associated with the property.

Their findings are compiled into detailed appraisal reports which are used for various purposes such as sales, development, financing, or investment decisions.

They may also provide expert testimony in court regarding their findings, especially in cases of disagreements or disputes over property value.

Therefore, a Commercial Real Estate Appraiser plays a crucial role in the real estate industry by providing accurate and reliable property valuations that help in informed decision-making.

 

Commercial Real Estate Appraiser Qualifications and Skills

A proficient Commercial Real Estate Appraiser should possess the following skills and qualifications to accurately assess property values:

• Strong knowledge of local, state, and federal real estate property regulations and guidelines.
• Ability to analyze and interpret real estate market trends, economic data, and property values to provide accurate appraisals.
• Exceptional mathematical skills for conducting measurements, calculations, and financial analysis of properties.
• Excellent communication and negotiation skills to effectively interact with clients, property owners, and other real estate professionals.
• Detail-oriented with the ability to thoroughly inspect properties and document findings in appraisal reports.
• Proficient in using real estate appraisal software and databases.
• Strong organizational skills to manage multiple appraisal assignments and meet deadlines.
• Good judgement and problem-solving skills to handle disputes and discrepancies in property values.
• Real Estate Appraiser license is often required.

 

Commercial Real Estate Appraiser Experience Requirements

Commercial Real Estate Appraisers usually start off with a degree in finance, economics, or a related field.

However, the most crucial aspect of their job is their hands-on experience in property appraisal.

Starting their career, they may work as an Appraiser Trainee, which typically requires anywhere from 1 to 3 years of experience.

This period allows them to gain practical, on-the-job experience under the supervision of a licensed or certified appraiser.

After their traineeship, they can advance to the Licensed Residential Appraiser level.

This typically requires an additional 2 years of full-time experience in appraising properties, which equates to approximately 2,000 hours.

Appraisers aiming for the Certified Residential Appraiser or Certified General Appraiser level will need a minimum of 2,500 or 3,000 hours of appraisal experience respectively, accumulated over a minimum of 2 to 3 years.

In addition to their appraisal experience, Commercial Real Estate Appraisers are expected to have strong analytical skills, a solid understanding of the real estate market, and up-to-date knowledge of appraisal methods and standards.

Those with more than 5 years of experience may possess high-level valuation skills and a comprehensive understanding of commercial property types and markets, qualifying them for senior or managerial roles.

 

Commercial Real Estate Appraiser Education and Training Requirements

Commercial Real Estate Appraisers typically need a bachelor’s degree in real estate, business, economics, finance, or a related field.

Fundamental courses such as economics, finance, mathematics, computer science, English, and business or real estate law can be very useful in this profession.

In addition to a bachelor’s degree, most states require appraisers to be licensed or certified.

The specific requirements vary by state, but typically involve a combination of education, experience, and passing an examination.

The Appraisal Institute, a professional organization, offers several designations to real estate appraisers.

These designations, which require both educational coursework and experience, can enhance an appraiser’s professional standing.

On-the-job training is also an important aspect of becoming a skilled real estate appraiser.

This might involve working as a trainee under the supervision of a licensed appraiser.

Continuing education is necessary as it keeps appraisers updated with changes in laws and regulations.

Appraisers must meet the continuing education requirements of their state in order to maintain their license or certification.

While not required, many Commercial Real Estate Appraisers pursue a master’s degree in business administration or a related field to broaden their career prospects and enhance their skills in the industry.

Having a master’s degree and/or professional designation may also indicate a candidate’s dedication to ongoing learning and their commitment to the profession.

 

Commercial Real Estate Appraiser Salary Expectations

A Commercial Real Estate Appraiser earns an average salary of $76,289 (USD) per year.

The salary can significantly vary based on the years of experience, level of education, location, and the employing firm or agency.

 

Commercial Real Estate Appraiser Job Description FAQs

What skills does a Commercial Real Estate Appraiser need?

A Commercial Real Estate Appraiser needs to have a keen eye for detail and be proficient in conducting market research.

They should have strong analytical skills to assess property values and interpret complex data.

They also need excellent communication skills to report their findings and manage client relationships effectively.

A strong knowledge of real estate law, building codes, and geography is also essential.

 

Do Commercial Real Estate Appraisers need a degree?

Yes, Commercial Real Estate Appraisers typically need a bachelor’s degree in a related field such as finance, real estate or economics.

They also need to pass a state examination to become licensed or certified.

Some states require appraisers to have a specific number of hours of experience before they can become licensed.

 

What should you look for in a Commercial Real Estate Appraiser resume?

In a Commercial Real Estate Appraiser resume, you should look for a bachelor’s degree in a related field, a state license or certification, and experience in the field.

Knowledge in areas such as real estate law, zoning regulations, and finance is also a plus.

Soft skills like communication, analytical, and problem-solving abilities should also be evident.

 

What qualities make a good Commercial Real Estate Appraiser?

A good Commercial Real Estate Appraiser is detail-oriented, has strong analytical skills, and is able to interpret complex information.

They should have excellent knowledge of the local real estate market and regulatory environment.

Strong communication skills are also critical, as they need to relay their findings clearly and persuasively to clients.

Lastly, they should have high ethical standards to ensure their appraisals are fair and unbiased.

 

What are the daily duties of a Commercial Real Estate Appraiser?

On a typical day, a Commercial Real Estate Appraiser might conduct physical inspections of properties, perform market research, analyze data, prepare appraisal reports, and consult with real estate agents or property owners.

They may also stay updated on local codes, real estate trends, and other factors that could impact property values.

 

Conclusion

And there you have it.

Today, we’ve shed light on the complex and intriguing world of a commercial real estate appraiser.

And guess what?

It’s not just about crunching numbers.

It’s about shaping the landscape of the real estate market, one property valuation at a time.

With our comprehensive commercial real estate appraiser job description template and real-world examples, you’re ready to take the plunge.

But why stop there?

Explore further with our job description generator. It’s your stepping stone to creating accurate job listings or honing your resume to perfection.

Remember:

Each property valuation is a piece of the larger real estate puzzle.

Let’s shape that landscape. Together.

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