A real estate appraisal assistant is hired primarily to determine the value of residential and commercial properties.
He or she has to be exceptionally insightful about the real estate business, with deep knowledge of competitors, and state rules and regulations governing real estate in their areas of operation.
Education and Qualifications
Usually, a high school diploma or a GED is sufficient to work as a real estate appraisal assistant.
If you have a degree in an associated field, you will of course be given higher consideration.
And if you have had some experience in this work, well, the sky is the limit then!
In addition to academic qualifications, you will need to possess excellent organizational skills and a great ability to handle calculations.
Additionally, you will need to possess deep knowledge of property taxes and specific regulations.
Working as a real estate appraisal assistant means that you have to be in constant contact with people, which is why your communication and interpersonal skills must be excellent.
Also, it is imperative that you can establish and maintain professional working relationships with your superiors and peers when working as a real estate appraisal assistant.
The need to be able to prepare reports and records accurately is high if this is what you want to do.
Here is a list of duties that real estate appraisal assistants are expected to perform:
Real Estate Appraisal Assistant Duties and Responsibilities
• Look through work orders and outline which properties need to be evaluated.
• Collect structural classification data for each assigned property and estimate the status of construction in progress.
• Assign appropriate codes for accurate enrollment of property tax information.
• Create and maintain valuation files in accordance with specific standards and protocols.
• Inspect assigned properties to determine conditions and other facts that can influence the value.
• Perform surveys to discover present rent structures and interview sources of building cost information, in a bid to update cost factors.
• Canvas assigned areas for real property escaping assessments, and ensure that these assessments are properly recorded.
• Contact individuals who have failed to complete or return questionnaires to ensure compliance.
• Keep a lookout for properties that have not been assessed and contact homeowners to provide them with feedback on property status.
• Determine if title transfers are assessable for the purpose of taxation and compete correlating paperwork.
• Ensure that information on appraised properties is properly maintained and updated as required.
• Draft correspondence, emails, and bank authorization letters and ensure that all invoices/tax bills have been sent to homeowners.