Conducts residential real estate appraisals to establish the market value generally used for lending, insurance, or other purposes.
Follows standard processes for conducting on-site property inspections, data collection, and research relevant market conditions required to perform valuations. 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 (Residential 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)
Compiles a list of issues and concerns for secured and accurate record keeping.
Level 2 Behaviors
(Light Experience)
Collects data to prepare management reports of production results.
Level 3 Behaviors
(Moderate Experience)
Handles record management assessments to identify any areas for improvement.
Level 4 Behaviors
(Extensive Experience)
Audits recordkeeping entries to track and monitor implementation and sustainment progress.
Level 5 Behaviors
(Mastery)
Adapts your organization with new approaches to improve records and information management.
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)
Cites examples of the capital budgeting process used in formulating appropriate investment strategies.
Level 2 Behaviors
(Light Experience)
Assists in analyzing capital improvement documentation, including budgeting and estimating project costs.
Level 3 Behaviors
(Moderate Experience)
Defines high-level migration plans to address budgeting and other capital planning process gaps.
Level 4 Behaviors
(Extensive Experience)
Evaluates major technology capital projects to identify various risks involved in an investment opportunity.
Level 5 Behaviors
(Mastery)
Conceptualizes strategic plans to drive effective capital allocation and budgeting throughout the organization.
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Cites examples of methods used to collect and compile information.
Level 2 Behaviors
(Light Experience)
Applies techniques and tools to gather, organize, and archive pertinent information.
Level 3 Behaviors
(Moderate Experience)
Analyzes employees' feedback to determine necessary changes to be implemented within our business.
Level 4 Behaviors
(Extensive Experience)
Implements strategies to streamline the data collection process.
Level 5 Behaviors
(Mastery)
Creates confidentiality agreements to ensure accurate submission of information from employees.
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)
Cites standard business formulas and math applications used to manage critical business operations.
Level 2 Behaviors
(Light Experience)
Applies business statistics, calculus, and linear algebra to track and analyze business costs.
Level 3 Behaviors
(Moderate Experience)
Analyzes business costs and expenses using business math to meet budget parameters.
Level 4 Behaviors
(Extensive Experience)
Creates metrics to select mathematical formulas and methods for measuring business performance.
Level 5 Behaviors
(Mastery)
Champions the adoption of quantitative methods and tools in developing effective business models.
There are 0 hard skills for Appraiser (Residential Real Estate).
6 general skills for Appraiser (Residential Real Estate), Records Management, Capital Budgeting, Property Acquisition, etc.
7 soft skills for Appraiser (Residential Real Estate), Gathering Information, Business Math, Attention to Detail, etc.
While the list totals 13 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 (Residential Real Estate), he or she needs to be proficient in Gathering Information, be proficient in Business Math, and be proficient in Attention to Detail.
