Conducts commercial real estate appraisals and property ratings to establish the market value generally used for investment guidance, lending, insurance, or other purposes.
Follows standard processes for conducting and documenting on-site property inspections. Performs data collection and research on building permits, prior assessments, and relevant market and economic conditions that impact property value. Reviews building plans and specifications and investigates the quality of the construction, the overall condition of the property, and the surrounding location. Uses generally accepted appraisal practice concepts and practices to perform data analysis, develop valuation estimates, and write comprehensive reports and exhibits. Utilizes appraisal software tools and databases. Ensures that reports comply with required policies, formats, and regulations.
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Appraiser IV (Commercial Real Estate) skill and competencie below to view definitions.
Skill definition-Managing and preserving records to help an organization keep the documentation accessible for both business operations and compliance audits.
Level 1 Behaviors
(General Familiarity)
Lists security incident data into a record management system to ensure integrity.
Level 2 Behaviors
(Light Experience)
Tracks inquiries using record management database-related problem documentation.
Level 3 Behaviors
(Moderate Experience)
Utilizes document and data management systems to monitor and record all aspects of client casework.
Level 4 Behaviors
(Extensive Experience)
Oversees the management of records to ensure confidentiality and security.
Level 5 Behaviors
(Mastery)
Establishes procedures to facilitate a sustainable record management process.
Skill definition-Evaluating and measuring the project's value throughout its life cycle to determine the most advantageous return on investment options.
Level 1 Behaviors
(General Familiarity)
Identifies and describes the concepts and principles of capital budgeting.
Level 2 Behaviors
(Light Experience)
Supports the development of a routine capital budgeting process to ensure a healthy return on investment (ROI).
Level 3 Behaviors
(Moderate Experience)
Works with operations teams to handle business capital spend budgeting and cash flow roll-up.
Level 4 Behaviors
(Extensive Experience)
Reviews facility's needs to create capital recommendations for budgeting purposes.
Level 5 Behaviors
(Mastery)
Promotes modernized capital planning to drive accuracy and efficiency in the budgeting process.
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Names commonly used tools and techniques for data collection.
Level 2 Behaviors
(Light Experience)
Obtains needed information by asking skillful and persistent questions.
Level 3 Behaviors
(Moderate Experience)
Utilizes various tools and technologies to validate information acquired from different sources.
Level 4 Behaviors
(Extensive Experience)
Synthesizes information from various sources to enable strategic decision-making by our leadership.
Level 5 Behaviors
(Mastery)
Takes steps to ensure that the intellectual property rights of others are not violated.
Skill definition-Analyzing and managing business operations using business math functions to make informed financial decisions and improve business performance.
Level 1 Behaviors
(General Familiarity)
Illustrates the importance of business mathematics in maintaining business profitability.
Level 2 Behaviors
(Light Experience)
Uses sales metrics to validate marketing strategies.
Level 3 Behaviors
(Moderate Experience)
Works with colleagues to create math systems to maintain the accuracy and confidentiality of business data.
Level 4 Behaviors
(Extensive Experience)
Leverages business math to manage business operations and gain a competitive advantage.
Level 5 Behaviors
(Mastery)
Monitors business trends in applying business math to determine and drive business opportunities.
There are 0 hard skills for Appraiser IV (Commercial Real Estate).
6 general skills for Appraiser IV (Commercial Real Estate), Records Management, Capital Budgeting, Property Acquisition, etc.
9 soft skills for Appraiser IV (Commercial Real Estate), Gathering Information, Business Math, Attention to Detail, etc.
While the list totals 15 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as an Appraiser IV (Commercial Real Estate), he or she needs to be skilled in Gathering Information, be skilled in Business Math, and be skilled in Attention to Detail.
