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 or for property owners who want to value their property before dissolving a marriage or partnership, insuring property, selling it, using it as collateral for loans, or making tax-deductible charitable donations. Self-employed appraisers must pay business overhead costs from their earnings and should have errors and omissions insurance. Work in some specializations (for example, antique automobiles) may be seasonal in Canada.
Personal property and equipment appraisers usually start their careers in other occupations and move into the appraisal field after gaining related expertise. 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 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 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.