Definition of Occupation

Appraise real property to determine its value for purchase, sales, investment, mortgage, or loan purposes. Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential. Draw land diagrams that will be used in appraisal reports to support findings. Estimate building replacement costs using building valuation manuals and professional cost estimators. Evaluate land and neighborhoods where properties are situated, considering locations and trends of impending changes that could influence future values.