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)
Documents and maintains accurate internal records based on established procedures.
Level 2 Behaviors
(Light Experience)
Conducts inspections with management to provide and document corrective actions.
Level 3 Behaviors
(Moderate Experience)
Maintains accurate records of training management to preserve throughout the life cycle.
Level 4 Behaviors
(Extensive Experience)
Integrates program management to improve the efficiency of record management.
Level 5 Behaviors
(Mastery)
Conceptualizes strategic plans for records and practices to streamline communication and workflow.
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)
Documents the capital budgeting techniques used to select the organization's best investments.
Level 2 Behaviors
(Light Experience)
Compiles and tracks information from active projects to assist in projects’ annual capital budgeting process.
Level 3 Behaviors
(Moderate Experience)
Participates in budgeting to recommend new capital equipment investments to senior management.
Level 4 Behaviors
(Extensive Experience)
Facilitates in-depth capital budgeting analysis on projects and investments to abstain from over and under-investing.
Level 5 Behaviors
(Mastery)
Develops capital budgeting methodologies to acquire profitable projects and investments for the company.
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Explains the use of surveys and interviews in gathering the necessary information.
Level 2 Behaviors
(Light Experience)
Conducts basic research to identify current industry trends and best practices.
Level 3 Behaviors
(Moderate Experience)
Participates in various company events to gain information about current business operations.
Level 4 Behaviors
(Extensive Experience)
Provides training to others about new techniques and strategies for effective data collection.
Level 5 Behaviors
(Mastery)
Designs a system for monitoring the effectiveness of data-gathering channels.
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)
Documents mathematical techniques and models used to analyze business data.
Level 2 Behaviors
(Light Experience)
Conducts basic validation and cross-checking to test the profitability of business ideas.
Level 3 Behaviors
(Moderate Experience)
Utilizes computer software to generate tables and graphs to report business findings.
Level 4 Behaviors
(Extensive Experience)
Designs charts to present proposals and calculations to minimize risks and maximize profitability.
Level 5 Behaviors
(Mastery)
Forecasts economic conditions through business math to determine strategic business modifications.
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.
