Collateral Appraiser conducts commercial real estate appraisals and property ratings to establish the market value generally used for investment guidance, lending, insurance, or other purposes. Follows standard processes for conducting and documenting on-site property inspections. Being an Collateral Appraiser performs data collection and research on building permits, prior assessments, and relevant market and economic conditions that impact property value. Reviews building plans and specifications and investigates the quality of the construction, the overall condition of the property, and the surrounding location. Additionally, Collateral Appraiser uses generally accepted appraisal practice concepts and practices to perform data analysis, develop valuation estimates, and write comprehensive reports and exhibits. Utilizes appraisal software tools and databases. Ensures that reports comply with required policies, formats, and regulations. May require a bachelor's degree. May require the Member of the Appraisal Institute (MAI) or similar designation. Requires a State Appraiser License. Typically reports to a manager. The Collateral Appraiser occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Collateral Appraiser typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
Maine Department of Transportation
Salary: $58,344.00 - $78,582.40/Annually
Office/Bureau: Project Development - Property Office
Location: Augusta, ME
Position Number: 02500-3359
Opening Date: April 23, 2024
Closing Date: Open Until Filled
Job Description:
This is professional services work involving the completion of right of way appraisals for the purpose of acquiring property for departmental purposes.
Responsibilities may include, but are not limited to:
Work requires a high degree of independent judgement and resourcefulness in making appraisals on complex properties of all types.
To be minimally qualified for this position candidates must provide evidence of the following experience:
A Bachelor’s Degree in a related field AND four(4) years’ experience involving real estate negotiations, property title work, surveying, estimating, appraisal, real estate brokerage, assessing, or evaluation -OR- an equivalent combination of training, experience, and education, providing a knowledge of real estate negotiations, property title work, surveying, estimating, appraisal, real estate brokerage, assessing, or evaluation -OR- two (2) years of experience at the level of Right of Way Appraiser II (or equivalent in the appraisal industry) -OR- a Certified General Residential Real Property Appraiser (or greater).
Necessary Special Requirement: Successful completion of the following Case Study Courses: Real Estate Appraisal Principles; Basic Valuation Procedures; Basic Income Capitalization; Advanced Income Capitalization; and Litigation Valuation -OR- equivalent of the American Institute of Real Estate Appraisers or the Society of Real Estate Appraisers.
Licensing/Registration/Certification Requirements: (These must be met by all employees prior to attaining permanent status in this class).
May be required to obtain an International Right of Way Association Certification in one of the following disciplines: Appraisal Certified (R/W-AC), Negotiation/Acquisition Certified (R/W NAC or Relocation Assistance Certified (R/W-RAC) or equivalent.
Job Type: Full-time
Pay: $58,344.00 - $78,582.40 per year
Benefits:
Schedule:
Work Location: In person