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Major Group
3
Technicians and Associate Professionals
Sub-Major Group
33
Business and Administration Associate Professionals
Unit Group
3315
Valuers and Loss Assessors
Minor Unit Group
MASCO Code
3315-04
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Real Estate Appraiser assesses the value of residential, commercial and industrial properties for purposes such as sale, financing, taxation, insurance and development planning. They conduct site inspections, analyse market and comparable property data, evaluate physical condition and relevant attributes, and prepare structured valuation reports that comply with applicable legal and professional standards. Their work provides objective and evidence-based property valuations to support decision-making in the property market.
Tasks
Conduct physical inspections of residential, commercial, and industrial properties to assess condition, size, construction, and potential damages.
Research market trends, recent comparable sales, and economic and environmental factors to determine accurate property values.
Prepare detailed valuation reports with clear justifications for sales, financing, and insurance purposes.
Ensure compliance with Malaysian property laws, zoning regulations, and professional standards in property appraisals.
Consult with clients on valuation findings and provide expert advice.
Maintain accurate documentation and data records related to appraisals.
Skills
Basic
Attention to detail in property valuation and reporting.
Effective communication to present findings to clients and stakeholders.
Informed decision-making based on data and market analysis.
Strong analytical thinking to evaluate factors affecting property value.
Time management and problem-solving to handle multiple appraisals.
Specific
Ability to prepare and present detailed property valuation reports to clients and stakeholders.
Apply various property valuation techniques, including cost, income, and sales comparison approaches.
Maintain up-to-date knowledge of real estate market developments and economic factors.
Proficiency in analysing market trends, comparable sales, and economic and environmental factors for accurate property valuation.
Proficiency in conducting property inspections and assessing physical conditions, construction quality, and potential damages.
Proficiency in using property appraisal and data analysis software for valuations.
Understand Malaysian property laws, zoning regulations, and ownership requirements.
Additional Info
QUALIFICATION
Bachelor’s degree or equivalent
Related Courses
MASCO
Hi, I can assist you with questions related to the Malaysia Standard Classification of Occupations (MASCO).
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