Property Appraisers and Assessors
I. JOB SUMMARY
Main Topic: Places and Regions
Secondary Topic: Human Geography
Overview: Although the educational requirements for becoming a real estate appraiser vary by employer and by region, appraisers of residential, commercial or industrial real property must typically have at least an associate's degree or a bachelor’s degree in a field such as economics, business administration, or a related field, as well as the appropriate level of certification. Real estate appraisers estimate the market value of vacant and improved residential, commercial, industrial, and other forms of real property. They determine a property’s worth/value by inspecting the property, comparing it to similar properties, and studying where it is located. The property valuations prepared by real estate appraisers are used by a variety of stakeholders when property is bought, sold, mortgaged, damaged, expropriated, invested in, as well as for taxation assessment purposes.
Geographers make great real estate appraisers because in order to tell the value of a property or its taxability they need to use methods such as field inspection and observing trends for an area. They must prepare and keep geographical data on each property they assess, such as maps of property boundaries and property characteristics.
Geographers at work: Business geographers, Human geographers, GIS and Remote Sensing Specialists, Cartographers
Recommended College Courses: Human Geography, Regional Geography, Economic Geography, Fundamentals of Geographic Information Systems, Cartography, Research Methods in Geography, Economic Geography, Urban Geography, Community and Regional Planning, Maps and Mapmaking, Cities and Urban Design, Location Analysis, American Ethnic Geography, Transportation systems, Web Mapping, GPS and GIS
Skills: Land management, regional real estate valuation, urban geography, surveying, economic geography, GIS, GPS, Geospatial technologies, Qualitative and qualitative methods, Landscape and location analysis, Local geography
Occupation Group: Business and Financial
Learn more about Real Estate Appraiser from the U.S. Bureau of Labor Statistics and U.S. Department of Labor: https://www.bls.gov/ooh/business-and-financial/appraisers-and-assessors-of-real-estate.htm#tab-2
Written by Alisa Hartsell
II. POWERFUL GEOGRAPHIC KNOWLEDGE