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OaSIS 2025 Version 1.0
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12203.03 – Appraisers

Appraisers determine the value of property, building, industrial and commercial machinery and equipment and personal and household items.

Overview

Example job titles

  • Accredited appraiser
  • Automobile appraiser
  • Building appraiser
  • Property appraiser

Core competencies

  • Numeracy to analyze property values, assess market trends and perform calculations that are essential for determining fair prices and investment potential
  • Critical Thinking and Decision Making to appraise the value of properties, buildings, industrial and commercial machinery and equipment, and personal and household items
  • Near Vision to inspect properties for construction, condition and functional design, as well as take measurements
  • Inductive Reasoning to identify patterns and trends in property values based on historical data, recent sales and market conditions
  • Attention to Detail to precisely corroborate appraised value of properties and determine future values based on study of location, trends, impending changes and other potential influences
  • Knowledge in Mathematics to use mathematical formulas and techniques to determine property values

Main duties

This group performs some or all of the following duties:

  • 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.

Additional information

  • Progression to management positions in each field is possible with experience.
  • Appraisers may specialize in a specific type of appraisal such as real estate appraisal.

Similar occupations classified elsewhere

Exclusions:

  • Financial and investment analysts (11101)
  • Financial auditors and accountants (11100)
  • Insurance adjusters and claims examiners (12201)
  • Property administrators (13101)

NOC hierarchy breakdown

NOC version

NOC 2021 Version 1.0

Broad occupational category

1 – Business, finance and administration occupations

TEER

2 – Occupations usually require a college diploma or apprenticeship training of two or more years; or supervisory occupations

Major group

12 – Administrative and financial supervisors and specialized administrative occupations

Sub-major group

122 – Accounting, insurance and related business administrative occupations

Minor group

1220 – Accounting, insurance and related business administrative occupations

Unit group

12203 – Assessors, business valuators and appraisers

Occupational profile

12203.03 – Appraisers

O*NET in-it

This page includes information from the O*NET 27.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. Employment and Social Development Canada has modified all or some of this information. USDOL/ETA has not approved, endorsed, or tested these modifications.