| JOB SUMMARY
Independently prepares seniors housing market value appraisals on complex real estate assets with review by Director, Managing or Director, Sr. Managing (one of whom must be [MAI] Member of the Appraisal Institute). Prepares seniors housing appraisal reports from start to finish on simple or complex assets, including all Appraiser responsibilities as well as performing detailed appraisal analysis in order to value real estate. May mentor trainees and/or develop new client relationships.
ESSENTIAL DUTIES AND RESPONSIBILITIES - Identifies value to be estimated by studying appraisal request, problem to be solved, and scope of the project, such as, mortgage financing, insurance replacement cost calculation, estate valuation, tax appeals, equitable distribution, corporate employee relocation, investment, or sale; identifying property characteristics.
- Determines valuation method by selecting approach and techniques for valuing property, i.e., cost, direct sales comparison, and income capitalization; identifying property characteristics and attributes.
- Researches and analyzes property information by collecting, verifying, and analyzing data regarding inventory of competitive properties, sales and listings, vacancies and offerings, absorption rates, demand studies, social, economic, governmental, and environmental characteristics, restrictions, encumbrances, covenants, contracts, declarations, special assessments, ordinances, cost and depreciation, income/expense and capitalization rate, history of ownership, and use of the property; conducting analyzes and studies, e.g., land utilization, supply and demand, economic feasibility, highest and best use, marketability, development, litigation support; searching databases; inspecting property; interviewing people in a position to understand the property.
- Prepares appraisal report by describing physical and economic property characteristics, appraisal procedures used, and information analyzed; disclosing extraordinary assumptions, and hypothetical and limiting conditions; presenting supportive reasoning.
- Maintains organization reputation by conforming to the Uniform Standards of Professional Appraisal Practice (USPAP); keeping information confidential.
- Updates job knowledge by tracking current real estate values and property development potential, including land use restrictions; participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations for the purpose of conducting accurate appraisals.
- Contributes to overall organizational goals by adding to database, setting up a library, specializing in niche real estate markets, mentoring trainees, and engaging in client development.
- Other duties may be assigned
SUPERVISORY RESPONSIBILITIES Coordinates and assigns tasks to co-workers within a work unit and/or project team. Leads project teams and/or plan, and supervise assignments of lower level employees. May have responsibility for identifying training needs, tracking performance, coaching, and motivating a work unit and/or group. |
