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Personal Property and Equipment Appraiser

Personal property and equipment appraisers provide an opinion of the value of personal and household items, business assets, vehicles, equipment, associated support equipment, and machinery. They prepare professional reports for owners, buyers, insurance companies, lending institutions, government departments, lawyers, creditors, and others.

  • Avg. Salary $83,964.00
  • Avg. Wage $42.82
  • Minimum Education Varies
  • Outlook N/A
  • Employed < 1500
  • In Demand Medium
Also Known As

Appraiser, Equipment Appraiser

NOC Codes

In Canada, the federal government groups and organizes occupations based on a National Occupational Classification (NOC) system. This alis occupation may not reflect the entire NOC group it is part of. Data for the NOC group can apply across multiple occupations.

The NOC system is updated every 5 years to reflect changes in the labour market. Government forms and labour market data may group and refer to an occupation differently, depending on the system used. Here is how this occupation has been classified over time:

  • 2006 NOC: Appraisers (1235.3) 
  • 2006 NOC-S: Assessors, Valuators and Appraisers (B115) 
  • 2011 NOC: Assessors, valuators and appraisers (1314) 
  • 2016 NOC: Assessors, valuators and appraisers (1314) 
Skills Shortage

Employers that Recruited in the Last 2 Years

41%
41%
Average Wage
Starting
Overall
Top
  • Certification Not Regulated
  • Strength Required Lift up to 5 kg
Interest Codes
The Personal Property and Equipment Appraiser is part of the following larger National Occupational Classification (NOC).
Appraisers
METHODICAL

Interest in analyzing information for appraisal purposes when searching public records of sales, leases, assessments and other transactions

directive

Interest in submitting reports to corroborate appraised value of properties and in determining future values based on study of location, trends, impending changes and other potential influences

social

Interest in speaking with people to collect data and information used when appraising value of properties

Reading Interest Codes
A Quick Guide

The interest code helps you figure out if you’d like to work in a particular occupation. 
It’s based on the Canadian Work Preference Inventory (CWPI), which measures 5 occupational interests: Directive, Innovative, Methodical, Objective and Social.

Each set of 3 interest codes is listed in order of importance.

A code in capital letters means it’s a strong fit for the occupation.

A code in all lowercase letters means the fit is weaker.

Learn More

Duties
Updated Mar 31, 2019

Personal property appraisers provide an opinion of value for several types of personal property. Or they may specialize in goods such as antiques and collectibles, works of art, jewellery, commercial and business assets, stamps and coins, musical instruments, watches and clocks, dolls and toys, fabric goods, firearms, or old books.

Equipment appraisers provide an opinion of value for automobiles, trucks, heavy equipment, and associated support equipment.

Duties and responsibilities vary depending on the area of specialization. In general, personal property and equipment appraisers inspect and research to provide an unbiased opinion of value for goods in people’s homes, businesses, or other places. They:

  • Note age, style, and overall condition
  • Look for flaws that may or may not decrease the value of an item
  • Determine if items are originals or copies, where appropriate
  • Gauge the appeal of items to potential buyers at auctions or estate sales
  • Consult reference materials such as catalogues and directories
  • Write reports describing items and fair market value, replacement or reproduction value, or orderly liquidation value (if required for settling debts)
  • Appear as expert witnesses and explain their appraisals in court without advocating for either side
Working Conditions
Updated Mar 31, 2019

Personal property and equipment appraisers work in environments ranging from remote worksites, equipment yards, and farm sheds to high-rise office towers.

Their hours of work vary. Those employed by insurance companies, lending institutions, or auction houses may work standard office hours with occasional evening or weekend work. Self-employed appraisers often work long, irregular hours that include evenings, weekends, and holidays.

Personal property and equipment appraisers may have to deal with biased information and pressure from property owners who want to influence appraisal values.

Work in some specializations, like antique automobiles, may be seasonal.

  • Strength Required Lift up to 5 kg
Skills & Abilities
Updated Mar 31, 2019

Personal property and equipment appraisers need:

  • An impartial nature
  • Discretion to maintain client confidentiality
  • Honesty and tact
  • Communication and interpersonal skills
  • A willingness to accept responsibility for decisions
  • Integrity

They should enjoy:

  • Analyzing information while being mindful of bias
  • Dealing with all kinds of people
Educational Requirements
Updated Mar 31, 2019

Personal property and equipment appraiser is not an entry-level occupation. Most appraisers have a combination of related post-secondary education and years of experience in their area or areas of specialization. For example, fine art appraisers need a bachelor’s or master’s degree in art history, plus experience in art galleries or museums. Jewellery appraisers need a diploma or certificate from a recognized school, plus related work experience. Equipment appraisers need years of related sales and hands-on technical experience.

An appraiser’s qualifications may be examined in court to establish their credibility as an expert witness.

Prospective appraisers should discuss their career and education plans with people working in the relevant field before enrolling in an education program.

Post-secondary schools throughout Canada and the United States offer certificate, diploma, and degree programs, and university transfer programs.

For a broad list of programs and courses that may be related to this occupation try searching using keywords.

Certification Requirements
Updated Mar 31, 2019

Certification is not required as there is currently no provincial legislation regulating this occupation. However, voluntary certification, and accreditation from major appraiser associations is considered highly valuable.

Employment & Advancement
Updated Mar 31, 2019

Personal property and equipment appraisers may be employed by:

  • Auction houses
  • Art galleries
  • Antique shops
  • Second-hand stores
  • Retail jewellery stores
  • Appraisal firms
  • Lending institutions
  • Insurance companies

Self-employed appraisers may provide services for any of the above. They may also provide services to property owners who want an opinion of value for their property before dissolving a marriage or partnership or making a tax-deductible charitable donation. Property owners who are insuring, selling, or using property as collateral for loans may also use an appraiser’s services.

Personal property and equipment appraisers usually start their careers in other occupations and move into the appraisal field after gaining related expertise. Previous experience in an industry or market segment gives appraisers credibility in the discipline they choose. For example, they may start in new or used goods retail outlets, auction houses, museums or art galleries.

In large organizations, experienced appraisers may move into supervisory or management positions. For self-employed appraisers, advancement generally takes the form of building a reputation and a larger client base.

Personal property appraisers are part of the larger 2011 National Occupational Classification 1314: Assessors, Valuators and Appraisers. In Alberta, 76% of people employed in this classification work in the following industries:

The employment outlook (pdf) in this occupation will be influenced by a wide variety of factors including:

  • Trends and events affecting overall employment (especially in the industries listed above)
  • Location in Alberta
  • Employment turnover (work opportunities generated by people leaving existing positions)
  • Occupational growth (work opportunities resulting from the creation of new positions that never existed before)
  • Size of the occupation

Employment turnover is expected to increase as members of the baby boom generation retire over the next few years.

Wage & Salary
Updated Mar 31, 2019

Appraisers’ earnings vary considerably depending on the types of property they appraise and their experience and qualifications.

Self-employed appraisers charge a fee for each appraisal. This is based on the time it takes to do the appraisal, the distance travelled and the type of report required. Self-employed appraisers must pay business overhead costs from their earnings. They should also purchase errors and omissions insurance.

Assessors, valuators and appraisers

Survey Methodology

Survey Analysis

Overall Wage Details
Average Wage
Average Salary
Hours Per Week

Hourly Wage
For full-time and part-time employees
  • Low
  • High
  • Average
  • Median
Starting
Overall
Top
Wages* Low (5th percentile) High (95th percentile) Average Median
Starting $19.23 $48.11 $32.56 $28.88
Overall $31.04 $58.26 $42.82 $38.98
Top $34.33 $61.08 $48.74 $50.00

Swipe left and right to view all data. Scroll left and right to view all data.

* All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production) and other forms of compensation.

A: High Reliability
Data Reliability Code Definition

High Reliability, represents a CV of less than or equal to 6.00% and 30 survey observations and/or represents 50% or more of all estimated employment for the occupation.


Industry Information
Public Administration
Professional, Scientific & Technical Services
ALL INDUSTRIES
Finance, Insurance, Real Estate, Leasing

Skills Shortage

Employers that Recruited in the Last 2 Years

41%
41%)

Recruiting Employers that Experienced Hiring Difficulties

39%
39%

Employers with Unfilled Vacancies of over 4 Months

2%
2%

Vacancy Rate

N/A
Related Post-Secondary Field of Study
  • Agriculture and Related Technologies
  • Business, Management and Administrative Studies
  • Trades, Industrial and Related Training
Other Sources of Information
Updated Mar 31, 2019

American Society of Appraisers (ASA) website: www.appraisers.org

Appraisal Institute of Canada (AIC) website: www.aicanada.ca

Canadian Personal Property Appraisers Group (CPPAG) website: www.cppag.com

Equipment Appraisers Association of North America (EAANA) website: eaana.org

International Society of Appraisers (ISA) website: www.isa-appraisers.org

International Society of Appraisers (ISA) - Canadian Chapter website: www.isa-appraisers.ca

National Association of Jewelry Appraisers (NAJA) website: www.najaappraisers.com

RICS (Royal Institution of Chartered Surveyors) website: www.rics.org

Get information and referrals about career, education, and employment options from Alberta Supports.

Updated Mar 31, 2019. The information contained in this profile is current as of the dates shown. Salary, employment outlook, and educational program information may change without notice. It is advised that you confirm this information before making any career decisions.

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