Posted by: Kaplan Real Estate Education Updated: January 29, 2019. They usually work part-time and are paid per appraisal. The average salary for a Real Estate Appraiser, Residential is $58,053. Almost a quarter of them were self-employed. Not Helpful 1 Helpful 3. The base salary for Real Estate Appraiser, Experienced - Residential ranges from $85,190 to $113,990 with the average base salary of $102,290. Salaries typically start from $32,240 and go up to $95,440. What is the average salary of a real estate appraiser? 364 open jobs for Commercial real estate appraiser. While all of these can affect an appraiser's earnings, perhaps the most significant factor is the type of license an appraiser possesses. Trainees need 1000 hours of work experience and to pass the real estate licensing exam to become licensed appraisers who are then able to appraise residential buildings such as houses and smaller apartments. Compensation is usually between $1000 and $3000 per month. Salary estimates are based on 942 salaries submitted anonymously to Glassdoor by Real Estate Appraiser employees. Real Estate Appraisal Jobs: Career and Salary Facts Explore the career requirements to become a real estate appraiser. In addition, they earn an average bonus of $3,021. Thorough knowledge of the real estate market, neighborhoods and market trends that exist within… this position’s assigned geographic location. The average Appraiser (Commercial Real Estate) salary in Georgia is $99,673 as of November 25, 2020, but the range typically falls between $85,731 and $114,336. To reach the level of certified residential appraiser, licensed appraisers need to complete an additional 50 hours of coursework. Learn about salaries, benefits, salary satisfaction and where you could earn the most. On average, they earn approximately $10,000 more per year than licensed appraisers. According to the Appraisal Institute, as of Dec. 31, 2018, the number of active real estate appraisers in the U.S. stood at 78,015. We including average salaries for jobs related to Real Estate Appraiser positions. These professionals estimate the value of real estate property so sellers can price their homes. Another consideration is working hours. Get the right Commercial real estate appraiser job with company ratings & salaries. Real estate appraisers earn an annual median salary of $54,980, though on average, real estate appraisers in urban locations outearn their counterparts in more rural settings. Certified appraisers can appraise homes with values over $1,000,000 and more expensive complexes. Appraisers can then become certified residential appraisers who can appraise higher-priced residential buildings and apartment complexes. The average Appraiser Sr. (Residential Real Estate) salary in the United States is $74,734 as of November 25, 2020, but the range typically falls between $54,942 and $92,466. Here’s a look at the average real estate appraiser salary, plus tips on how you can maximize your income as an appraiser. In such cases, the firm and appraiser split the commission from the appraisal. Each salary is associated with a real job position. See salaries, compare reviews, easily apply, and get hired. Appraisers can have part-time or full-time hours, work independently, with other appraisers or for a firm. To become a licensed residential appraiser, trainees must complete an additional 75 hours—or four courses—of appraiser education, though, again, this may vary by state. The average salary for a Real Estate Appraiser is $60,429. Was the salaries overview information useful? Check the below Indeed career pages for the detailed pay ranges for the similar professions to real estate appraiser here: 11 salaries reported, updated at December 14, 2020. Real estate appraisers' salaries vary greatly by the nature of their duties. Steps to Becoming an Appraiser. If you’re unsure about what salary is appropriate for a real estate appraiser, visit Indeed's Salary Calculator to get a free, personalized pay range based on your location, industry and experience. Note: In my opinion, this is a GREAT career choice if you live in a coastal city with condominiums. * 81,000 people work in this field (2016). The number of appraisers decreased at an average rate of 3.0 percent per year over the past five years. There are several options appraisers may consider making more money. Real Estate Appraiser salaries are collected from government agencies and companies. I have personally seen some residential appraisers’ complete two appraisals per day at $600 each due to the number of comps available and proximity of the units. Savvy appraisers, however, are willing to negotiate these fee splits to more advantageous terms. 14 Real Estate Appraisal jobs available in Rhode Island on Indeed.com. Indeed is not a career or legal advisor and does not guarantee job interviews or offers. The range of reported salaries is from $14,000 per year to $142,000 per year. Most commonly, appraisers are paid considerably more for each type of license. An entry level real estate appraiser (1-3 years of experience) earns an average salary of £31,581. Commercial Real Estate Appraiser $52K. Importantly, all of these jobs are paid between $83,760 (268.5%) and $125,024 (400.8%) more than the average Real Estate Appraiser Trainee salary of $31,195. The short answer is that they may earn anywhere from $35,000 per year to $200,000 per … If you are considering a career in real estate appraisal, you’re probably curious about appraiser salary and income potential. In order to become a Licensed Residential Appraiser, and earn the right to do appraisals on your own, most states require you to become a Trainee Appraiser and obtain experience. A Real Estate Appraiser in your area makes on average $86,836 per year, or $2,009 (2%) more than the national average annual salary of $84,827. The low-stress way to find your next real estate appraiser trainee job opportunity is on SimplyHired. Real estate agents aren’t the only people in the real estate field who can rake in the cash. Appraiser trainees often make between $50 and $150 per appraisal, earning more with increasing experience and expertise. Visit your state’s licensing board to confirm state-specific requirements. Real Estate Appraiser. ranks number 1 out of 50 states nationwide for Real Estate Appraiser salaries. Real Estate Appraiser salaries can vary on many factors, including what industry a job is in. The range for our most popular Appraiser Commercial Real Estate) positions (listed below) typically falls between $64,921 and $370,351. Certified residential appraisers make, on average, $10,000 more than licensed real estate appraisers. After 1000 hours of work as a trainee, appraisers have the option to take the real estate appraiser licensing exam. The requirements for becoming an appraiser differ by state, but national requirements dictate that candidates must have college-level education, complete prelicensing courses, acquire industry experience, and pass the appraiser exam. Learn about salaries, benefits, salary satisfaction and where you could earn the most. The average Appraiser Real Estate salary in USA is $56,418 per year or $28.93 per hour. Real Estate Appraiser salary statistics is not exclusive and is for reference only. * Local governments and real estate companies employ most appraisers. Velox Valuations continues to build one of the largest teams of expert real estate appraisers in the country, with over 100 Certified Field Appraisers & Trainees in 22 states and growing. Many certified residential appraisers work on appraising large estates, especially for legal proceedings, including divorce and tax assessments. After passing the real estate licensing exam, appraisers have considerably more options. The purpose of this article is to highlight some of the challenges you may encounter on your journey to becoming a real estate appraiser. Yes No. The top 10 percent of all U.S. home appraisers earned over $91,540 per year, according to 2011 data from the Bureau of Labor Statistics. Average salary According to Indeed, the average salary for a real estate appraiser is $57,606 per year. Some government lending agencies hire appraisers as do private lending institutions. How should you provide your salary history if an employer asks? Real estate appraisers may work in several positions for a variety of employers. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $89,890 to $122,390 with … The average salary for real estate appraisers in Massachusetts is around $67,810 per year. In fact, jobs with Real Estate, Finance, and Professional companies tend to be the highest paying. The highest level of license is the certified general appraiser. Licensed real estate appraisers earn between $35,000 and $85,000 per year, more if taking on management positions. The average salary for a real estate appraiser is $70,821 per year in Massachusetts. However, these example jobs are paid fairly similarly to Real Estate Appraiser jobs, with a range of just $16,774 (20.7%) to $59,871 (58.3%) more than the average Real Estate Appraiser salary of $72,691. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. A real estate appraiser estimates the value of a single building or piece of land. Trainees must be supervised by a licensed real estate appraiser. Real estate appraisers have an excellent job outlook. The average real estate appraiser salary in Los Angeles, California is $87,074 or an equivalent hourly rate of $42. The lower end of the scale is most likely part-time or beginning trainee appraisers. Appraisers begin as trainees before becoming licensed appraisers. Certified general appraisers make, on average, $25,000 more than licensed real estate appraisers. 51 real estate appraiser trainee jobs available. Looking for jobs that don’t require a degree? 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