We’re excited to announce the release of the 2019 Appraisal Income Guide designed to uncover how real estate appraisers go about their business and what it means to their bottom line. Inside the guide, you’ll find how appraisal income breaks down by license level, insights on career satisfaction, areas where top-earners excel, what’s ahead for the future of the appraisal profession, and where to focus your efforts in the year ahead. The report analyzes appraiser income data gathered by McKissock Learning from nearly 400 active appraisers across the United States.
Here’s a quick overview of the three main areas covered. To get the full picture, download the guide.
Common factors that influence income
First, the report looks at several different areas that impact annual earnings. Appraiser income data is broken down across various factors, including:
- License level
- Years of experience
- Employment type
- Career satisfaction
Generally, appraisers are happy with their careers. But when it comes to optimism about the future, appraisers are torn. The guide shares several reasons why many active appraisers say they are optimistic about their careers.
Key areas where appraisal experts excel
Next, you’ll find insights into specific areas where top-earners focus their expertise. The report hones in on five key areas where it pays to be an expert, according to appraiser income data. For example, appraisers who excel at time management earn $51,769 more per year than appraisers who are failing in this area. The guide also lays out specific action items you can take to help maximize your income.
Key factors impacting an appraisal career
What does the future hold for the appraisal profession? The final section of the 2019 Appraisal Income Guide breaks down four key factors likely to affect your appraisal career in the next 5–10 years: retirement, lack of trainees, opportunities for future appraisers, and license upgrades. Finally, it reveals areas of opportunity in the year ahead.