Appraisers of Personal and Business Property — Tasks

Task statements

• Write descriptions of the property being appraised.
• Determine the appropriate type of valuation to make, such as fair market, replacement, or liquidation, based on the needs of the property owner.
• Document physical characteristics of property such as measurements, quality, and design.
• Calculate the value of property based on comparisons to recent sales, estimated cost to reproduce, and anticipated property income streams.
• Locate and record data on sales of comparable property using specialized software, internet searches, or personal records.
• Write and submit appraisal reports for property, such as jewelry, art, antiques, collectibles, and equipment.
• Inspect personal or business property.
• Create and maintain a database of completed appraisals.
• Take photographs of property.
• Verify that property matches legal descriptions or certifications.
• Update appraisals when property has been improved, damaged, or has otherwise changed.
• Testify in court as to the value of a piece of tangible property.
• Forecast the value of property.
• Recommend loan amounts based on the value of property being used as collateral.