Rumors are circling that jobs in the real estate market aren’t stable, but the opposite is actually true. Real estate appraisers and assessors will always be needed, because their place in the real estate market makes them irreplaceable. Appraisers estimate the value of property for a variety of purposes: to assess property tax, to confirm adequate collateral for mortgages, to confirm or help set a good sales price, to settle an estate, or to aid in a divorce settlement. This is something even the weakest real estate market cannot do without.
Not only is the employment of appraisers secure, but according to the Bureau of Labor Statistics, the need for appraisers and assessors of real estate is expected to grow at an electric rate. Job opportunities will be more than favorable for appraisers who meet licensing qualifications and have the right experience.
Employment of appraisers and assessors of real estate is expected to grow by 17 percent over the 2006-16 decade, which is faster than the average for all other occupations. More appraisers will be hired to help with litigation claims, probate cases, foreclosures, business valuations, and divorce settlements. With this additional growth in real estate activity, the employment of appraisers will steadily grow. Employment of assessors will also increase with the amounts of real property to be assessed in coming years. Independent fee appraisers will see the strongest growth because banks and other financial institutions are increasingly contracting work out to make loan appraisals on a case-by-case basis.