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Job Specification 57086

REAL ESTATE APPRAISER 3

 

DEFINITION


 Under the supervision of managerial official in a state department,
 institution or agency, supervises staff conducting real estate
 appraisal work to determine the current market value of State claimed
 lands, buildings and other types of real estate for applications for
 land grants, leases, licenses and easements for residential,
 commercial and other zoned land; supervises and conducts on-site
 inspections and investigations; researches current market value data;
 interprets surveys, engineering plans and legal documents; conducts
 complex appraisals; does other related work.

 NOTE: The examples of work for this title are for illustrative
 purposes only. A particular position using this title may not perform
 all duties listed in this job specification. Conversely, all duties
 performed on the job may not be listed.

 
EXAMPLES OF WORK:


 Conducts complex real estate appraisals.

 Recommends fair market value determinations to be used as a basis for
 negotiation, settlement or condemnation.

 Gathers and analyzes data to develop appraisals.

 Reviews staff and fee appraisals; recommends re-appraisals when
 appropriate.

 Provides guidance and instruction to staff and supervises their
 performance.

 Participates in the establishment and implementation of uniform
 standards and appraisal techniques.

 Reviews reports of real estate appraisals and appraisal reviews.

 Ensures that appraisal techniques are in accordance with rules and
 regulations.

 Prepares, develops and reports the findings of market studies.

 Addresses and resolves problems during the development of appraisals.

 Interprets and applies the regulations and policies of the Uniform
 Standards of Professional Appraisal Practice and the New Jersey State
 Board of Real Estate Appraisers.

 Provides technical instruction to staff to obtain data and sales
 information.

 Consults property owners to obtain data regarding the physical details
 of lands and buildings and verifies sales data.

 May testify as an expert witness in hearings, meetings or other
 actions.

 Supervises the preparation of reports and correspondence.

 Maintains records and files.

 Will be required to learn to utilize various types of electronic
 and/or manual recording and information systems used by the agency,
 office or related units.

 REQUIREMENTS:

      EDUCATION:

      Graduation from an accredited college or university with a
 Bachelor's degree supplemented by satisfactory completion of at least
 128 classroom hours of formal recognized courses in appraising such as
 the American Institute of Real Estate Appraisers 1A and1B series
 (former Institute Courses I and II) or those of other recognized
 Appraisal Societies such as the Society of Real Estate Appraisers
 Course 101 and 201 or any combination of formal recognized
 professional Appraisal Society courses which totals (without course or
 curriculum duplication) at least 128 classroom hours.

      NOTE: Applicants who do not possess the Bachelor's degree but who
 meet the indicated Real Estate course requirements may substitute
 additional experience for the Bachelor's degree on a year-for-year
 basis, with thirty (30) credits being equal to one (1) year of
 experience.

      EXPERIENCE:

      Five (5) years of experience in the appraisal of real property
 including eminent domain experience involving severance damages to
 both residential and income-type properties, two (2) years of which
 must have been in a supervisory capacity. One (1) year of experience
 in the sale or negotiation of real estate may be substituted for one
 (1) year of the appraisal experience.

      LICENSE:/CERTIFICATION

      In compliance with PL 1995, c.349, applicants are required to
 possess a valid Real Estate Appraiser License or Certificate issued by
 the New Jersey Board of Real Estate Appraisers. Licensure or level of
 certification is contingent on the transaction value, complexity and
 type of land parcel being appraised.

      Appointee will be required to possess a driver's license valid in
 New Jersey only if the operation of a vehicle, rather than employee
 mobility, is necessary to perform the essential functions of the
 position.

 KNOWLEDGE AND ABILITIES:

 Knowledge of the methods used to appraise land values.

 Knowledge of the basic legal terms used in real estate law, including
 the laws of Eminent Domain.

 Knowledge of the methods used to collect and analyze data.

 Knowledge of the problems involved in real estate appraisal and
 negotiations.

 Knowledge of the methods used to negotiate in real estate.

 Ability to interpret agreements, easements, property descriptions,
 plans and contracts.

 Ability to interpret laws, rules and regulations and apply them to
 specific situations.

 Ability to recommend fair market value determinations.

 Ability to supervise the collection and analysis of data.

 Ability to review and evaluate appraisals and to identify the need for
 re-appraisals.

 Ability to conduct investigations and resolve complaints.

 Ability to provide assignments and instruction to staff and supervise
 their work performance.

 Ability to establish and maintain cooperative working relationships
 with those interested or involved in the work of the unit.

 Ability to supervise the preparation of reports and correspondence.

 Ability to establish and maintain records and files.

 Ability to learn to utilize various types of electronic and/or manual
 recording and information systems used by the agency, office or
 related units.

 Ability to read, write, speak, understand or communicate in English
 sufficiently to perform the duties of this position. American Sign
 Language or Braille may also be considered as acceptable forms of
 communication.

 Persons with mental or physical disabilities are eligible as long as
 they can perform the essential duties of the position after reasonable
 accommodation is made to their known limitations. If the accommodation
 cannot be made because it would cause the employer undue hardship,
 such persons may not be eligible.

 CODES: 29/S29-57086             MCK            8/24/02