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Real Estate Appraiser/Assessor

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AVG. SALARY

$51,900

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

Real-Life Activities

Real-Life Decision Making -- Solution

You use your negative impressions to explain a low appraised value.

You decide to appraise the house at a low value because of your negative impressions.

The bank calls you. They want to know why you appraised the house at a 20 percent lower price than what it previously sold for.

You tell them about your negative impressions. They are not impressed.

They say you focused too much on your personal preferences. After all, the previous owners, who had kids, loved being so close to the school. And they probably didn't care about the small yard, with the schoolyard next door.

You've hurt your relationship with the bank. They have doubts about your judgment. They suggest you be more objective next time.

"When you're arriving at your value, you've got to be objective," says real estate appraiser Joe Massey.


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.