Career and Education Opportunities for Real Estate Appraisers in Fairfield, California
Real estate appraiser career and educational opportunities abound in Fairfield, California. There are currently 8,600 working real estate appraisers in California; this should grow 12% to 9,600 working real estate appraisers in the state by 2016. This is better than the nation as a whole, where employment opportunities for real estate appraisers are expected to grow by about 4.6%. In general, real estate appraisers appraise real property to determine its value for purchase, sales, or loan purposes.
A person working as a real estate appraiser can expect to earn about $32 per hour or $67,330 per year on average in California and about $22 per hour or $47,370 yearly on average in the U.S. as a whole. Earnings for real estate appraisers are better than earnings in the general category of Accounting and Auditing in California and not quite as good as general Accounting and Auditing category earnings nationally. Real estate appraisers work in a variety of jobs, including: residential fee appraiser, home appraiser, and registered appraiser.
The Fairfield area is home to sixteen schools of higher education, including three within twenty-five miles of Fairfield where you can get a degree as a real estate appraiser. Real estate appraisers usually hold a Bachelor's degree, so you can expect to spend about four years training to become a real estate appraiser if you already have a high school diploma.
CAREER DESCRIPTION: Real Estate Appraiser
In general, real estate appraisers appraise real property to determine its value for purchase, sales, or loan purposes.
Real estate appraisers ready written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards. They also search public records for transactions such as sales and assessments. Equally important, real estate appraisers have to inspect properties to review construction and functional layout, and to take property measurements. They are often called upon to photograph interiors and exteriors of properties to help in estimating property value and complete appraisal reports. They are expected to interview persons familiar with properties and immediate surroundings, such as contractors and realtors, to obtain pertinent data. Finally, real estate appraisers examine income records and operating costs of income properties.
Every day, real estate appraisers are expected to be able to see details at a very fine level of focus. They need to read and understand documents and reports. It is also important that they articulate ideas and problems.
It is important for real estate appraisers to draw land diagrams that will be used in appraisal reports to support findings. They are often called upon to testify in court as to the value of a piece of real estate property. Somewhat less frequently, real estate appraisers are also expected to testify in court as to the value of a piece of real estate property.
Real estate appraisers sometimes are asked to evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values. They also have to be able to examine income records and operating costs of income properties and verify legal descriptions of properties by comparing them to county records. And finally, they sometimes have to ready written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
Like many other jobs, real estate appraisers must have exceptional integrity and be reliable.
Similar jobs with educational opportunities in Fairfield include:
- Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
- Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
- Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
- Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
- Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
- Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
- Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
EDUCATIONAL OPPORTUNITIES: Real Estate Appraiser Training
Diablo Valley College - Pleasant Hill, CA
Diablo Valley College, 321 Golf Club Rd, Pleasant Hill, CA 94523. Diablo Valley College is a large college located in Pleasant Hill, California. It is a public school with primarily 2-year programs and has 19,768 students. Diablo Valley College has a less than one year and a two to four year program in Real Estate which graduated one and zero students respectively in 2008.
Contra Costa College - San Pablo, CA
Contra Costa College, 2600 Mission Bell Dr, San Pablo, CA 94806-3195. Contra Costa College is a medium sized college located in San Pablo, California. It is a public school with primarily 2-year programs and has 7,147 students. Contra Costa College has less than one year, associate's degree, and two to four year programs in Real Estate which graduated four, one, and zero students respectively in 2008.
Los Medanos College - Pittsburg, CA
Los Medanos College, 2700 East Leland Road, Pittsburg, CA 94565. Los Medanos College is a medium sized college located in Pittsburg, California. It is a public school with primarily 2-year programs and has 8,360 students. Los Medanos College has an associate's degree and a two to four year program in Real Estate which graduated one and zero students respectively in 2008.
Accredited Rural Appraiser: Appraisals of agricultural enterprises and rural properties demand qualified experts who understand the complexity and intricacy of modern agriculture and today's rural environment.
For more information, see the American Society of Farm Managers and Rural Appraisers website.
Residential Evaluation Specialist: The purpose of the RES (Residential Evaluation Specialist) designation is to recognize professionalism and competency in the valuation of residential property for tax purposes.
For more information, see the International Association of Assessing Officers website.
Personal Property Specialist: The purpose of the PPS (Personal Property Specialist) designation is to recognize professionalism and competency in the valuation of personal property for tax purposes.
For more information, see the International Association of Assessing Officers website.
Certified Investment Management Analyst: The CIMA offers an intense educational experience focusing on asset allocation, manager search and selection, investment policy and performance measurement.
For more information, see the Investment Management Consultants Association website.
Certified Estate Specialist: A Certified Estate Specialist has advanced education in exactly how to deal with the settling of estates, from working with family members to dealing with lawyers and accountants.
For more information, see the National Auctioneers Association website.
Property Taxes Appraiser Certification
Licensing agency: State Board of Equalization
Address: Property Taxes Department, Policy, Planning and Standards Division, P. O. Box 942879, MIC 64, Sacramento, CA 94279-0064
Phone: (916) 445-4982
Website: State Board of Equalization Property Taxes Department Policy, Planning and Standards Division
Real Estate Appraisal License
Licensing agency: Office of Real Estate Appraisers
Address: 1102 Q Street Ste. 4100, Sacramento, CA 95814
Phone: (916) 552-9000
Website: Office of Real Estate Appraisers
LOCATION INFORMATION: Fairfield, California
Fairfield is located in Solano County, California. It has a population of over 103,683, which has grown by 7.8% over the last ten years. The cost of living index in Fairfield, 143, is far greater than the national average. New single-family homes in Fairfield are valued at $197,000 on average, which is far less than the state average. In 2008, thirty-four new homes were constructed in Fairfield, down from one hundred eighty the previous year.
The top three industries for women in Fairfield are health care, educational services, and public administration. For men, it is construction, public administration, and health care. The average travel time to work is about 30 minutes. More than 20.4% of Fairfield residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 6.1%, is lower than the state average.
The unemployment rate in Fairfield is 13.1%, which is greater than California's average of 12.3%.
The percentage of Fairfield residents that are affiliated with a religious congregation, 37.4%, is less than both the national and state average. The largest religious groups are the Catholic Church, the American Baptist Churches in the USA and the Southern Baptist Convention.
Fairfield is home to the Fairfield City Hall and the Dickson Hill Water Treatment Plant as well as Tabor Park and Sunrise Park. Shopping malls in the area include Geri Towne Shopping Center, Mission Village Shopping Center and Solano Mall Shopping Center.