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.
In Alberta, the 1314: Assessors, valuators and appraisers occupational group is expected to have a below-average annual growth of 1.3% from 2019 to 2023. In addition to job openings created by employment turnover, 20 new positions are forecasted to be created within this occupational group each year.