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Personal Property and Equipment Appraiser

Personal property and equipment appraisers estimate the value of personal and household items, business assets, vehicles or machinery, and prepare reports for owners, buyers, insurance companies, lending institutions, government departments, lawyers, creditors and others.

  • Avg. Salary $76,660.00
  • Avg. Wage $40.72
  • Minimum Education Varies
  • Outlook N/A
Also Known As

Appraiser, Equipment Appraiser

NOC & Interest Codes
The Personal Property and Equipment Appraiser is part of the following larger National Occupational Classification (NOC).
Appraisers
NOC code: 1235.3
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 08, 2016

Personal property appraisers may judge the worth of several types of personal property or 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 judge the worth of automobiles, trucks or heavy equipment.

Their duties and responsibilities vary depending on their area of specialization but, in general, personal property and equipment appraisers:

  • inspect goods in people's homes, businesses or other places
  • 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, when required
  • write reports describing items and estimating fair market value, replacement or reproduction value, or liquidation value (if required for settling debts)
  • defend their appraisals in court, when required.
Working Conditions
Updated Mar 08, 2016

Personal property and equipment appraisers work in environments ranging from farm sheds to high rise office towers. Their hours of work also vary. Those employed by insurance companies, lending institutions or auction houses may work standard office hours with occasional evening or weekend work required. Self-employed appraisers often work long, irregular hours that include evenings, weekends and holidays.

  • Strength Required Lift up to 5 kg
Skills & Abilities
Updated Mar 08, 2016

Personal property and equipment appraisers need the following characteristics:

  • honesty and integrity
  • tact and good communication skills
  • good decision making skills and a willingness to accept responsibility for decisions
  • the ability to deal effectively with people who may be under a great deal of stress
  • the ability to remain objective when pressured by property owners who want to influence appraisal values
  • the ability to maintain client confidentiality.

They should enjoy analyzing information to determine values and dealing with all kinds of people.

Educational Requirements
Updated Mar 08, 2016

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(s) of specialization. For example, fine art appraisers need a bachelor's or master's degree in art history, plus experience working 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 technical experience. Appraisers' qualifications often are examined in court to establish the appraiser's credibility as an expert witness.

Certification and accreditation from major appraiser association is voluntary, but considered highly valuable.

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

Post-secondary schools throughout Alberta 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.

Employment & Advancement
Updated Mar 08, 2016

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.

Wage & Salary
Updated Mar 08, 2016

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 based on the time it takes to do the appraisal, the distance travelled and the type of report required.

Personal property and equipment appraisers are part of the larger 2011 National Occupational Classification 1314: Assessors, valuators and appraisers. 

According to the 2015 Alberta Wage and Salary Survey, Albertans in the Assessors, valuators and appraisers occupational group earned on average from $31.48 to $46.36 an hour. The overall average wage was $40.72 an hour. For more information, see the Assessors, valuators and appraisers wage profile.

Related High School Subjects
  • Business, Administration, Finance and IT
    • Financial Management
    • Information Processing
    • Management and Marketing
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 08, 2016

American Society of Appraisers website: www.appraisers.org

Canadian Personal Property Appraisers Group website: www.cppag.com

Equipment Appraisers Association of North America website: www.eaana.org

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

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

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

For more information on career planning, education and jobs, visit the Alberta Learning Information Service (ALIS) website, call the Alberta Career Information Hotline toll-free at 1-800-661-3753 or 780-422-4266 in Edmonton, or visit an Alberta Works Centre near you.

Updated Mar 24, 2015. 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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