Job description Real Estate Appraiser in the London Region

Find out what work is like for a real estate appraiser in Canada. This work description is applicable to all Assessors, valuators and appraisers (NOC 12203).

Assessors, business valuators and appraisers

Description

Assessors and appraisers determine the value of land, businesses, estates and other real property, for purposes of sale, purchase, taxation or disposal of assets. Appraisers also determine the value of personal and household items. Business valuators quantify the value of a business, its securities or its intangible assets. Assessors, business valuators and appraisers are employed by government agencies, real estate firms and other private companies, or they may be self-employed.

Job duties

Here are some of the main activities and tasks that Assessors, business valuators and appraisers have to perform, and some of the physical demands they involve:

  • Assessors
  • Assess value of land, building, structures, machinery, equipment and property improvements for purposes of taxation, grants and regional planning and prior to sale or purchase
  • Review and analyze data such as past sales, title searches, engineering and alignment maps, soil maps, subdivision plans, water and sewer plans, leasing cost data and easements
  • Explain assessment process to ratepayers.
  • Business valuators
  • Collect and analyze financial records of a business, such as financial statements, budgets, projections and sales data, to assess its competitiveness or to estimate its market value
  • Prepare reports for estate planning, matrimonial litigation, insurance and business losses
  • Appear as an expert witness before courts, security regulators and other regulatory boards and commissions.
  • Appraisers
  • Appraise value of property, building, industrial and commercial machinery and equipment and personal and household items
  • Prepare appraisal reports for lending agencies, insurance companies, government departments, courts, attorneys, creditors, buyers or auctioneers.

Physical demands

Physical demands are the physical activities that the job requires the worker to do. Physical demands are selected according to the likeliness that workers will have to perform them for at least half of the time they spend at work.

Work environment

The work environment refers to the physical setting in which people work. The characteristics and conditions of the work environment are selected according to the likeliness that workers will be exposed to them at least once a week.

Physical proximity from others

Physical proximity from others refers to the physical distance between individuals in the workplace. The likeliness that the job requires to perform tasks while being physically close to other people is rated on a scale with 3 levels: "Somewhat close", "Close" and "Very close".

Related job titles

Here are some other related job titles that are found in the same occupational category (NOC 12203), and a list of similar occupations:

  • accredited appraiser
  • business valuator
  • chartered business valuator (CBV)
  • property assessor
  • property valuator
  • real estate appraiser

Similar occupations Help - Similar occupations

Similar occupations

This section lists other occupations that are part of the same broad occupational category as Assessors, business valuators and appraisers in the National Occupational Classification (NOC). These occupations involve similar core qualifications but involve different responsibilities. To see more similar occupations, use the Job Transition Tool.

Sources Occupational and Skills Information System & National Occupational Classification

Labour Market Information Survey
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