How to Be Land Appraiser - Job Description, Skills, and Interview Questions

The role of a land appraiser is an important one in the real estate industry. They are responsible for providing accurate and unbiased estimates on the value of a piece of land. This helps potential buyers and sellers make informed decisions on whether to purchase or sell a property.

The land appraiser will complete a comprehensive evaluation, taking into consideration factors such as the surrounding neighborhood, local market trends, physical characteristics of the land, and any other pertinent data. The outcome of their assessment has a major impact on the success of a transaction, and can affect the amount of money that one party will receive or pay for the property. As such, it is essential that land appraisers have an in-depth understanding of the local market and are able to accurately assess the value of a piece of property.

Steps How to Become

  1. Obtain a Bachelor's Degree. To become a land appraiser, you'll need to obtain a bachelor's degree in fields such as real estate, finance, accounting, business administration, or a related field.
  2. Get Certified. Depending on where you live, you may be required to get certified as a land appraiser. Certification requirements vary by state and jurisdiction, but may include passing an exam, having a certain amount of experience in the field of appraisals, and completing ongoing education requirements.
  3. Get Licensed. Depending on where you live, you may need to obtain a license to practice as a land appraiser. Licensing requirements vary by state, but may include passing an exam, completing a certain amount of education or experience in the field, and passing a background check.
  4. Gain Experience. Once you have your degree and certification (if necessary), you'll need to gain experience in the field of land appraisals. You can do this by working with an experienced appraiser or by taking on small appraisal jobs while working under the supervision of an experienced appraiser.
  5. Become Proficient in Various Appraisal Software. As a land appraiser, you'll need to be proficient in the use of various types of appraisal software, including software that helps you analyze data from various sources, create reports, and compare different property values.
  6. Network. As a land appraiser, it's important to build relationships with local real estate professionals such as agents, brokers, and lenders, as well as other land appraisers. This will help you build your reputation and make it easier to find clients.

Staying ahead and qualified as a land appraiser requires dedication and hard work. A strong understanding of the current market, laws and regulations governing property values, and the ability to assess land accurately is essential. Taking advantage of continuing education opportunities, such as online or in-person courses, seminars, or workshops, is a great way to stay up to date and knowledgeable in the field.

networking with other professionals in the industry, such as real estate agents, land surveyors, and other appraisers, can help you stay on top of the latest trends and developments in the industry. Finally, keeping an eye on the latest technology related to land appraising, such as drones and satellite imagery, can help you remain competitive in an ever-changing market.

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Job Description

  1. Analyze land records, including deeds and surveys, to determine ownership, legal descriptions, and boundaries of properties.
  2. Inspect properties to observe site conditions and to verify measurements, boundaries, and improvements.
  3. Estimate value of properties using market data, sales records, and cost approach or income capitalization methods.
  4. Prepare reports based on field inspections and research on property values, legal descriptions, and ownership.
  5. Analyze trends in the real estate market to adjust appraisals as needed.
  6. Consult with attorneys, engineers, planners, and other specialists to resolve complex appraisal problems.
  7. Consult with property owners regarding value of their property or to discuss disputes or appeals.
  8. Research market trends in local areas to track values and assess the impact of economic factors on property values.
  9. Review assignments for accuracy and completeness before submitting final appraisal report.
  10. Attend court hearings as an expert witness on behalf of clients or employers.

Skills and Competencies to Have

  1. Knowledge of real estate principles and practices
  2. Ability to conduct detailed market and property analysis
  3. Strong organizational and communication skills
  4. Analytical and problem-solving skills
  5. Proficiency in the use of appraisal software
  6. Knowledge of appraisal methods and standards
  7. Ability to read and interpret legal documents
  8. Knowledge of applicable laws and regulations
  9. Understanding of local zoning codes, land use, and development trends
  10. Proficiency in research techniques, such as mapping and land records research
  11. Ability to assess value of properties based on physical characteristics, condition, location, and market conditions
  12. Ability to write comprehensive reports on appraisal findings

Having a good understanding of the real estate market is essential for any land appraiser. Knowing the current market trends, like rising or falling prices, can help an appraiser accurately assess a property's value. This can be achieved by staying up to date on local news, researching comparable properties, and analyzing recent sales.

being able to interpret and analyze data is an important skill for land appraisers. Understanding the direction of the market and its impact on property values requires an ability to look at many factors and draw meaningful conclusions from the data. Finally, strong communication skills are necessary for any land appraiser in order to effectively explain their findings and to negotiate with clients.

By having a good understanding of the market, being able to interpret and analyze data, and having good communication skills, a land appraiser will be well-equipped to assess the value of a property accurately and efficiently.

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Frequent Interview Questions

  • What experience do you have in land appraisal?
  • What specific techniques do you use to determine land value?
  • What challenges have you faced in land appraisal and how did you overcome them?
  • How do you stay up-to-date on changing market trends that affect land value?
  • How do you assess a property’s location and its impact on value?
  • Describe what you consider to be the most important factors when appraising land.
  • Have you ever had to use negotiation skills in your work as a land appraiser?
  • How do you ensure accuracy and reliability when preparing a land appraisal report?
  • How do you handle difficult situations with clients who disagree with your appraisal?
  • What processes do you use to ensure compliance with local, state, and federal regulations?

Common Tools in Industry

  1. GIS Software. A geographic information system (GIS) software allows land appraisers to gather, store, analyze and display spatial data. (eg: ArcGIS)
  2. Digital Mapping Software. A digital mapping software helps land appraisers create detailed digital maps for assessing land values. (eg: Autodesk Map 3D)
  3. Land Survey Software. This software enables land appraisers to create accurate measurements of properties. (eg: Trimble Business Center)
  4. Aerial Photography Software. This software helps land appraisers access and analyze aerial photographs of properties. (eg: DroneDeploy)
  5. Tax Mapping Software. Tax mapping software helps land appraisers map out property taxes and other related information. (eg: Cityworks)
  6. Data Analysis Software. Data analysis software helps land appraisers assess and analyze large datasets related to land appraisals. (eg: IBM SPSS Statistics)

Professional Organizations to Know

  1. American Society of Farm Managers and Rural Appraisers (ASFMRA)
  2. International Association of Assessing Officers (IAAO)
  3. National Association of Realtors (NAR)
  4. Appraisal Institute (AI)
  5. National Association of Independent Fee Appraisers (NAIFA)
  6. American Society of Appraisers (ASA)
  7. International Right of Way Association (IRWA)
  8. The Appraisal Foundation (TAF)
  9. Association of Professional Land Economists (APLE)
  10. National Council of Real Estate Investment Fiduciaries (NCREIF)

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Common Important Terms

  1. Assessed Value. The monetary value of a property as determined by a local taxing authority for the purpose of taxation.
  2. Appraisal. A process used to estimate the value of a piece of real estate based on factors such as market value, location, and condition of the property.
  3. Property Taxes. Taxes that are levied on a piece of real estate based on its assessed value.
  4. Comparable Sales. Properties that have recently sold in the same area that can be used to help determine the value of a different property.
  5. Zoning. Laws that dictate how a piece of property can be used, including restrictions on building height, use, and size.
  6. Highest and Best Use Analysis. An analysis to determine what the most profitable and beneficial use of a property would be.
  7. Tax Abatement. A reduction or exemption from taxes that is granted in certain circumstances.

Frequently Asked Questions

What is the role of a Land Appraiser?

A Land Appraiser assesses the value of land and property by researching recent comparable sales, calculating land area, determining zoning regulations and taking other factors into consideration.

What qualifications do I need to become a Land Appraiser?

To become a Land Appraiser, one must typically obtain a bachelor's degree in a relevant field such as real estate, business, or finance. Additionally, most states require Land Appraisers to obtain licensure or certification.

What skills are necessary to be successful as a Land Appraiser?

To be successful as a Land Appraiser, one must have excellent research and analytical skills, be able to interpret data and regulations accurately, and have strong communication and interpersonal skills.

How much do Land Appraisers typically earn?

According to the US Bureau of Labor Statistics, the median annual salary for Land Appraisers in 2019 was $55,390.

What is the job outlook for Land Appraisers?

The job outlook for Land Appraisers is projected to grow 5% from 2019-2029, faster than average for all occupations.

Web Resources

  • Real Estate Appraiser - Community College of Baltimore County www.ccbcmd.edu
  • Journal of Land Management and Appraisal www.unn.edu.ng
  • Appraiser and Real Estate - Northeast Wisconsin Technical College www.nwtc.edu
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