Can Agents Work?

Jobs / Finance and accounting / 13-2023.00

Appraisers and Assessors of Real Estate

Appraise real estate, exclusively, and estimate its fair value. May assess taxes in accordance with prescribed schedules.

US jobs
Not reported by BLS
Job family
Finance and accounting

Can agents do the work of appraisers and assessors of real estate?

We read the evidence at the level of the job family, Finance and accounting:

  • Task levelPartialOn Vals AI's Finance Agent benchmark, where agents research SEC filings to answer an analyst's questions, the best model scores 64.4%. Adjacent spreadsheet tasks score higher (83.1% on SpreadsheetBench). No task-level benchmark in our collection tests bookkeeping or audit work inside accounting systems.
  • Project levelPartialOn APEX-Agents, which includes investment-banking tasks written by professionals, the best agent passes 73.5% of tasks on the first try (all domains). OpenAI reports that GPT-5.5's GDPval deliverables, from occupations that include accountants and financial managers, won or tied against professionals' work in 84.9% of comparisons.

Benchmarks for the job family

These cover work in finance and accounting, not always this occupation's tasks.

Typical tasks

From O*NET 31.0. Core tasks first. Few of these tasks have a benchmark today.

  • Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
  • Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
  • Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
  • Search public records for transactions such as sales, leases, and assessments.
  • Obtain county land values and sales information about nearby properties to aid in establishment of property values.
  • Maintain familiarity with aspects of local real estate markets.
  • Inspect properties, considering factors such as market value, location, and building or replacement costs to determine appraisal value.
  • Collect and analyze relevant data to identify real estate market trends.
  • Review information about transfers of property to ensure its accuracy, checking basic information on buyers, sellers, and sales prices and making corrections as necessary.
  • Analyze trends in sales prices, construction costs, and rents, to assess property values or determine the accuracy of assessments.
  • Inspect new construction and major improvements to existing structures to determine values.
  • Check building codes and zoning bylaws to determine any effects on the properties being appraised.
Other job titles for this occupation (51)

Appraiser · Assessor · Certified Real Estate Appraiser · Certified Residential Appraiser · Commercial Appraiser · County Assessor · Field Appraiser · Real Estate Appraiser · Real Property Appraiser · Tax Assessor · Appraisal Manager · Appraisal Reviewer · Appraisal Specialist · Bank Appraiser · Certified Residential Real Estate Appraiser · City Assessor · Claims Appraiser · Claims Staff Appraiser · Commercial Real Estate Appraiser · Deputy Assessor · Field Assessor · Field Inspector · Field Staff Appraiser · Home Appraiser · Insurance Appraiser · Land Appraiser · Licensed Appraiser · Personal Property Appraiser · Personal Property Assessor · Physical Appraiser · Property Appraiser · Property Condition Assessor · Property Inspector · Property Preservation Contractor · Real Estate Assessor · Real Property Evaluator · Registered Appraiser · Residential Appraiser · Residential Fee Appraiser · Residential Property Tax Appraiser · Residential Real Estate Appraiser · Residential Staff Appraiser · Review Appraiser · Right of Way Agent (ROW Agent) · ROW Appraiser (Right of Way Appraiser) · Sole Assessor · Staff Appraiser · Tax Appraiser · Underwriting Field Inspector · Valuation Manager · Valuation Specialist