Appraiser, Senior

Newmark•New York, NY

3d•$45,000 - $50,000

About The Position

The Senior Appraiser independently prepares complete appraisal reports for complex commercial properties and conducts appraisals to establish market value. The position involves researching markets and comparable properties, developing income, sales comparison, and cost approaches, conducting highest-and-best-use analyses, and presenting and defending conclusions to clients, lenders, and counsel. The Senior Appraiser manages assignments, ensures quality control and regulatory compliance, mentors junior staff, supports proposals and business development, and engages directly with clients. The role also includes property inspections, formal review responses with guidance when requested, and maintaining knowledge of regulations, zoning laws, appraisal standards, relevant software, and data sources. Compensation includes an annual base salary range of $45,000–$50,000 and an annual $50,000 draw against commissions, with higher draw amounts in certain states where required by minimum-wage laws. Commissions are based on completed valuation, advisory, and related services, offset against the draw, and may be paid partly in cash and partly in equity. The position may also be eligible for discretionary bonuses and other short- and long-term incentives. Benefits and perks include parental leave of up to 16 weeks, healthcare, a Bright Horizons backup-care program, paid time off, education reimbursement, networking opportunities, health, vision, and dental insurance, and a 401(k) retirement plan with employer matching. Working conditions are described as normal, with no disagreeable elements.

Requirements

Bachelor's degree, preferably in real estate or a related subject such as economics or finance.
State-appropriate Certified General Appraiser License.
3–6 years of professional experience as a commercial real estate appraiser.
Experience and skill in writing appraisals and appraisal reviews of complex commercial properties.
Solid understanding of real property valuation concepts, commercial real estate terminology, and property tax jurisdictional processes and procedures.
Strong analytical and writing skills.
Strong communication skills with clients and market participants related to research.
Strong organizational and multitasking skills.

Nice To Haves

Master of Science or MBA in real estate.
Knowledge of Argus.

Responsibilities

Prepare complete appraisal reports independently for complex properties, collaborating with senior-level staff and reviewing reports as part of work oversight.
Conduct complete appraisals and examine and evaluate commercial properties to establish market value.
Research markets and comparable properties; develop income, sales comparison, and cost approaches; perform highest-and-best-use analyses; and present and defend conclusions to clients, lenders, and counsel.
Manage assignments and ensure quality assurance, quality control, and regulatory compliance.
Mentor junior staff and support proposals and business development.
Make independent decisions and exercise judgment in developing appraisals of complex properties.
Inspect properties.
Complete formal review responses with guidance from senior staff when requested.
Engage directly in client meetings.
Maintain knowledge of current government regulations, zoning laws, and appraisal standards.
Understand the software programs used in the business and maintain familiarity with necessary data sources.
May perform other duties as assigned.

Benefits

Industry-leading parental leave policy of up to 16 weeks
Healthcare
Bright Horizons backup-care program
Paid time off
Education reimbursement
Opportunities to network and connect
Vision insurance
Dental insurance
401(k) retirement plan with employer matching
Potential eligibility for discretionary bonuses and other short- and long-term incentives