How to become Appraisers of Personal and Business Property in 2024

Appraisers of Personal and Business Property Appraise and estimate the fair value of tangible personal or business property, such as jewelry, art, antiques, collectibles, and equipment. May also appraise land.

Appraisers of Personal and Business Property is Also Know as

In different settings, Appraisers of Personal and Business Property is titled as

Education and Training of Appraisers of Personal and Business Property

Appraisers of Personal and Business Property is categorized in Job Zone Four: Considerable Preparation Needed

Experience Required for Appraisers of Personal and Business Property

A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

Education Required for Appraisers of Personal and Business Property

Most of these occupations require a four-year bachelor's degree, but some do not.

Degrees Related to Appraisers of Personal and Business Property

Training Required for Appraisers of Personal and Business Property

Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Related Ocuupations

Some Ocuupations related to Appraisers of Personal and Business Property in different industries are

What Do Appraisers of Personal and Business Property do?

  • Calculate the value of property based on comparisons to recent sales, estimated cost to reproduce, and anticipated property income streams.
  • Create and maintain a database of completed appraisals.
  • Determine the appropriate type of valuation to make, such as fair market, replacement, or liquidation, based on the needs of the property owner.
  • Document physical characteristics of property such as measurements, quality, and design.
  • Forecast the value of property.
  • Inspect personal or business property.
  • Locate and record data on sales of comparable property using specialized software, internet searches, or personal records.
  • Recommend loan amounts based on the value of property being used as collateral.
  • Take photographs of property.
  • Testify in court as to the value of a piece of tangible property.
  • Update appraisals when property has been improved, damaged, or has otherwise changed.
  • Verify that property matches legal descriptions or certifications.
  • Write and submit appraisal reports for property, such as jewelry, art, antiques, collectibles, and equipment.
  • Write descriptions of the property being appraised.

Qualities of Good Appraisers of Personal and Business Property

Tools Used by Appraisers of Personal and Business Property

Technology Skills required for Appraisers of Personal and Business Property

  • Ascend Property Assessment
  • Bruno Realty eNeighboorhoods
  • Computer assisted mass appraisal CAMA software
  • Cost estimating software
  • CPR Visual Estimator
  • HP 49G+ Appraiser Fee Calculator
  • Mass appraisal records system MARS
  • Microsoft Access
  • Microsoft Excel
  • Microsoft Office
  • Microsoft Outlook
  • Microsoft PowerPoint
  • Microsoft Windows
  • Microsoft Word
  • Web browser software
  • Wilson's Computer Applications RealEasy Appraisals
  • WinEstimator WinEst
  • WinGap
  • Word processing software
  • Yardi software