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Real Estate Appraiser

Real estate appraisers estimate the value of vacant and improved residential, commercial, industrial, agricultural and other real estate properties.

  • Avg. Salary $83,964.00
  • Avg. Wage $42.82
  • Minimum Education 4 years post-secondary
  • Outlook N/A
  • Employed < 1500
  • In Demand Medium
Also Known As

Appraiser, Property Appraiser, Real Property Appraiser, Residential 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 Provincially Regulated
  • Strength Required Lift up to 5 kg
Interest Codes
The Real Estate 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, 2017

A real estate appraisal may be required when property is bought, sold, financed, insured, damaged, expropriated, divided by court settlement or assessed for taxation.

Real estate appraisers thoroughly investigate and inspect a property before preparing an appraisal report. Conducting an appraisal may involve:

  • reading blueprints, mechanical drawings and real estate data
  • researching public records, technical documents and court documents
  • checking legal descriptions of properties, land use bylaws and building codes
  • reviewing the type and location of area services such as roads, public transportation, shopping, schools, parks, municipal infrastructure like gas lines and sewer, and other neighbourhood features
  • recognizing the age, quality and type of construction materials and workmanship
  • estimating property value through sales comparisons, replacement cost and income potential
  • considering general value of area real estate, property taxes and special assessments
  • considering current market trends in the various real estate sectors.

Real estate appraisers may specialize in the valuation of residential, commercial or industrial properties, or of raw land. They also may work as consultants, or be called upon as expert witnesses in real-property-related court proceedings.

Working Conditions
Updated Mar 31, 2017

Appraisal work is generally done during weekday office hours, but evening and weekend work is often required. Self-employed appraisers set their own hours.

Some property appraisals involve a certain amount of physical activity in the inspection phase, for example, when inspecting foundations. Travel may be required to view rural properties, industrial sites or timberland.

  • Strength Required Lift up to 5 kg
Skills & Abilities
Updated Mar 31, 2017

Real estate appraisers need:

  • patience and flexibility in working with a variety of people
  • honesty and integrity
  • confidence in their judgment and decisions
  • spatial and mathematical perception to judge property size and layout
  • oral and written communication skills
  • the ability to methodically gather and analyze data to arrive at a valuation
  • the ability to research and organize relevant property documentation the ability to work irregular hours under pressure and within tight timelines.

They should enjoy analyzing information and taking a methodical approach to their work, making decisions and dealing with people.

Educational Requirements
Updated Mar 31, 2017

Post-secondary schools throughout Alberta offer related programs in business administration and assessment. Prior to enrolling in an education program, prospective real estate appraisers should contact associations and employers in this field to investigate educational options and employment possibilities.


Related Education

The following schools offer programs or courses that are related to this occupation but are not required to enter the field.

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

Certification Requirements
Updated Mar 31, 2017

Real Estate Appraiser

Real estate appraisers estimate the value of vacant and improved residential, commercial, industrial, agricultural and other real estate properties.

Legislation

Real Estate Appraiser is a protected title under Alberta's Real Estate Act (PDF) and associated regulations. This means that to call yourself a Real Estate Appraiser, you must be licensed by the Real Estate Council of Alberta (RECA).

What You Need

Licensing requires membership in 1 of the following associations:

Each association sets its own education and training standards.

In addition, licensed Real Estate Appraisers must:

  • be at least 18 years of age
  • be proficient in English
  • have a Canadian high school diploma or equivalent
  • be a Canadian citizen or have a Permanent Resident card or work permit with no study restrictions
  • submit a certified criminal record check.

For more detailed official information about licensing requirements, contact the regulatory authority below.

Working in Alberta

Real estate appraisers who are licensed by and in good standing with a regulatory organization elsewhere in Canada may be eligible for licensing in Alberta if licensed real estate appraisers in the 2 jurisdictions have similar responsibilities and competencies. For more information, see What if I am already certified in another province or territory? and the Alberta regulatory authority below.

Contact Details

Real Estate Council of Alberta (RECA)
350, 4954 Richard Rd SW
Calgary, Alberta T3E 6L1
Phone: 403-228-2954
Toll-free: 1-888-425-2754
Fax: 403-228-3065
Email: info@reca.ca
Website: www.reca.ca

Additional Information

Appraisal Institute of Canada – Alberta (AIC-AB) offers 2 professional designations for real estate appraisers:

  • The Canadian Residential Appraisers (CRA) designation qualifies an appraiser to appraise individual undeveloped residential dwelling sites and dwellings containing not more than 4 self-contained family housing units.
  • The Accredited Appraiser Canadian Institute (AACI) designation allows appraisers to appraise a wide range of real property.

The Canadian National Association of Real Estate Appraisers (CNAREA) offers 4 categories of membership, including:

  • The Designated Appraiser Residential (DAR) designation, which qualifies appraisers to perform appraisal and consultation assignments of residential properties of no more than 4 housing units.
  • The Designated Appraiser Commercial (DAC) designation, which qualifies appraisers to perform appraisal and consultation assignments of all types of real property including commercial, industrial and investment.

Also, the Alberta Assessors’ Association (AAA) offers an Accredited Municipal Assessor of Alberta (AMAA) designation.

Employment & Advancement
Updated Mar 31, 2017

Real estate appraisers are employed by:

  • private appraisal companies
  • mortgage investment firms
  • banks and other lending institutions
  • real estate and insurance companies
  • government agencies
  • municipal assessment offices
  • development companies.

Real estate appraisers often begin as trainees with private appraisal firms, lending institutions or government agencies. Many real estate appraisers work in private practice, either alone or with other appraisers.

Experienced appraisers may advance to supervisory and management positions, or they may start their own businesses. Alternately, they may move into mortgage lending, corporate real estate, property assessment or real estate investment analysis.

Real estate 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)
  • 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, 2017

Appraisers’ earnings vary considerably depending on their experience and qualifications. Self-employed appraisers charge a fee for each appraisal based on the time spent, the distance travelled and the type of report required.

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
  • Business, Management and Administrative Studies
Other Sources of Information
Updated Mar 31, 2017

Alberta Assessors’ Association website: www.assessor.ab.ca

Appraisal Institute of Canada Alberta (AIC-AB) website: www.aicanada.ca/province-alberta/alberta

Canadian National Association of Real Estate Appraisers (CNAREA) website: cnarea.ca

Real Estate Council of Alberta (RECA) website: www.reca.ca

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

Updated Mar 31, 2017. 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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