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Career and Education Opportunities for Real Estate Appraisers in Orange, California

There are many career and education opportunities for real estate appraisers in the Orange, California area. About 8,600 people are currently employed as real estate appraisers in California. By 2016, this is expected to grow by 12% to about 9,600 people employed. This is better than the national trend for real estate appraisers, which sees this job pool growing by about 4.6% over the next eight years. Real estate appraisers generally appraise real property to determine its value for purchase, sales, or loan purposes.

Income for real estate appraisers is about $32 per hour or $67,330 yearly on average in California. Nationally, their income is about $22 per hour or $47,370 yearly. 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. Jobs in this field include: residential real estate appraiser, bank appraiser, and appraiser.

There are ninety-two schools of higher education in the Orange area, including nine within twenty-five miles of Orange where you can get a degree to start your career as a real estate appraiser. Real estate appraisers usually hold a Bachelor's degree, so you can expect to spend about four years studying to be a real estate appraiser if you already have a high school diploma.

CAREER DESCRIPTION: Real Estate Appraiser

Real Estate Appraiser video from the State of New Jersey Dept. of Labor and Workforce Development

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 Orange 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.
  • Compensation / Benefits Specialist. Conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas.
  • 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.
  • Employment Recruiter. Seek out, interview, and screen applicants to fill existing and future job openings and promote career opportunities within an organization.
  • 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.
  • Insurance Adjuster. Investigate, analyze, and determine the extent of insurance company's liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.
  • Insurance Appraiser. Appraise automobile or other vehicle damage to determine cost of repair for insurance claim settlement and seek agreement with automotive repair shop on cost of repair. Prepare insurance forms to indicate repair cost or cost estimates and recommendations.
  • Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
  • License Examiner. Examine, evaluate, and investigate eligibility for, conformity with, or liability under licenses or permits.
  • Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • 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

Coastline Community College - Fountain Valley, CA

Coastline Community College, 11460 Warner Ave, Fountain Valley, CA 92708-2597. Coastline Community College is a large college located in Fountain Valley, California. It is a public school with primarily 2-year programs and has 14,200 students. Coastline Community College has less than one year, one to two year, and two to four year programs in Real Estate which graduated one, one, and zero students respectively in 2008.

Orange Coast College - Costa Mesa, CA

Orange Coast College, 2701 Fairview Road, Costa Mesa, CA 92628-5005. Orange Coast College is a large college located in Costa Mesa, California. It is a public school with primarily 2-year programs and has 24,700 students. Orange Coast College has less than one year, associate's degree, and two to four year programs in Real Estate which graduated one, two, and zero students respectively in 2008.

Fullerton College - Fullerton, CA

Fullerton College, 321 E Chapman Avenue, Fullerton, CA 92832-2095. Fullerton College is a large college located in Fullerton, California. It is a public school with primarily 2-year programs and has 22,500 students. Fullerton College has less than one year, one to two year, associate's degree, and two to four year programs in Real Estate which graduated one, two, zero, and zero students respectively in 2008.

Santiago Canyon College - Orange, CA

Santiago Canyon College, 8045 E Chapman, Orange, CA 92869-4512. Santiago Canyon College is a large college located in Orange, California. It is a public school with primarily 2-year programs and has 13,086 students. Santiago Canyon College has one to two year, associate's degree, and two to four year programs in Real Estate which graduated four, zero, and zero students respectively in 2008.

Long Beach City College - Long Beach, CA

Long Beach City College, 4901 E. Carson St., Long Beach, CA 90808-1706. Long Beach City College is a large college located in Long Beach, California. It is a public school with primarily 2-year programs and has 26,097 students. Long Beach City College has less than one year, one to two year, associate's degree, and two to four year programs in Real Estate which graduated three, three, three, and zero students respectively in 2008.

Cerritos College - Norwalk, CA

Cerritos College, 11110 Alondra Blvd, Norwalk, CA 90650-6298. Cerritos College is a large college located in Norwalk, California. It is a public school with primarily 2-year programs and has 22,228 students. Cerritos College has less than one year, associate's degree, and two to four year programs in Real Estate which graduated nine, three, and zero students respectively in 2008.

Golden West College - Huntington Beach, CA

Golden West College, 15744 Golden West, Huntington Beach, CA 92647-2710. Golden West College is a large college located in Huntington Beach, California. It is a public school with primarily 2-year programs and has 14,000 students. Golden West College has an associate's degree and a two to four year program in Real Estate.

Irvine Valley College - Irvine, CA

Irvine Valley College, 5500 Irvine Center Drive, Irvine, CA 92618-0301. Irvine Valley College is a medium sized college located in Irvine, California. It is a public school with primarily 2-year programs and has 11,963 students. Irvine Valley College has less than one year, associate's degree, and two to four year programs in Real Estate which graduated two, zero, and zero students respectively in 2008.

Saddleback College - Mission Viejo, CA

Saddleback College, 28000 Marguerite Pky, Mission Viejo, CA 92692-3635. Saddleback College is a large college located in Mission Viejo, California. It is a public school with primarily 2-year programs and has 20,706 students. Saddleback College has less than one year, one to two year, associate's degree, and two to four year programs in Real Estate which graduated two, four, five, and zero students respectively in 2008.

CERTIFICATIONS

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.

LICENSES

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: Orange, California

Orange, California
Orange, California photo by File Upload Bot

Orange is located in Orange County, California. It has a population of over 136,392, which has grown by 5.9% over the last ten years. The cost of living index in Orange, 134, is far greater than the national average. New single-family homes in Orange are priced at $136,300 on average, which is far less than the state average. In 2008, ninety-nine new homes were built in Orange, down from two hundred sixty-two the previous year.

The three most popular industries for women in Orange are health care, educational services, and professional, scientific, and technical services. For men, it is construction, professional, scientific, and technical services, and accommodation and food services. The average commute to work is about 25 minutes. More than 28.0% of Orange residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.5%, is higher than the state average.

The unemployment rate in Orange is 8.9%, which is less than California's average of 12.3%.

The percentage of Orange residents that are affiliated with a religious congregation, 44.8%, is less than the national average but more than the state average. The most common religious groups are the Catholic Church, the LDS (Mormon) Church and the Charismatic Churches Independent.

Orange is home to the El Modena Branch Orange Public Library and the Santiago Golf Course as well as Plaza Historic District and Santiago Oaks Regional Park. Shopping malls in the area include Village Plaza Shopping Center, Villa Park Town Center Shopping Center and Mall of Orange Shopping Center. Visitors to Orange can choose from Anaheim-Days Inn Orange, 7 Crowns Motel and American Inn & Suites for temporary stays in the area.