National Occupational Classification (NOC) 2021 Version 1.0
- 1 - Business, finance and administration occupations
- 12 - Administrative and financial supervisors and specialized administrative occupations
- 122 - Accounting, insurance and related business administrative occupations
- 1220 - Accounting, insurance and related business administrative occupations
12203 - Assessors, business valuators and appraisers
Assessors and appraisers determine the value of land, businesses, estates and other real property, for purposes of sale, purchase, taxation or disposal of assets. Appraisers also determine the value of personal and household items. Business valuators quantify the value of a business, its securities or its intangible assets. Assessors, business valuators and appraisers are employed by government agencies, real estate firms and other private companies, or they may be self-employed.
Illustrative example(s)
- accredited appraiser
- business valuator
- chartered business valuator (CBV)
- property assessor
- property valuator
- real estate appraiser
Inclusion(s)
- real estate analyst
Exclusion(s)
- Financial and investment analysts (See 11101 Financial and investment analysts)
- Financial auditors and accountants (See 11100 Financial auditors and accountants)
- Insurance adjusters and claims examiners (See 12201 Insurance adjusters and claims examiners)
- Jewellery appraiser (See 62202 Jewellers, jewellery and watch repairers and related occupations)
- Land agent (See 12102 Procurement and purchasing agents and officers)
- Market analyst - non-financial (See 41402 Business development officers and market researchers and analysts)
- Property administrators (See 13101 Property administrators)
- Right-of-way agent (See 12102 Procurement and purchasing agents and officers)
Main duties
This group performs some or all of the following duties:
Assessors
- Assess value of land, building, structures, machinery, equipment and property improvements for purposes of taxation, grants and regional planning and prior to sale or purchase
- Review and analyze data such as past sales, title searches, engineering and alignment maps, soil maps, subdivision plans, water and sewer plans, leasing cost data and easements
- Explain assessment process to ratepayers
May specialize in advising and consulting in a specific field of assessment such as residential, commercial, industrial, institutional or farm lands.
Business valuators
- Collect and analyze financial records of a business, such as financial statements, budgets, projections and sales data, to assess its competitiveness or to estimate its market value
- Prepare reports for estate planning, matrimonial litigation, insurance and business losses
- Appear as an expert witness before courts, security regulators and other regulatory boards and commissions.
Appraisers
- Appraise value of property, building, industrial and commercial machinery and equipment and personal and household items
- Prepare appraisal reports for lending agencies, insurance companies, government departments, courts, attorneys, creditors, buyers or auctioneers.
Employment requirements
- Assessors require a college diploma in municipal assessment
and
accreditation with the municipal assessment association of the province. - Business valuators usually require a bachelor's degree or college diploma in accounting, business or commerce
and
accreditation with the Canadian Institute of Chartered Business Valuators based on successful completion of its business and security valuation program. - Appraisers require a college diploma or vocational training in the field of appraisal
or
several years of experience in a position related to the field of appraisal. - In Quebec, membership with l'Ordre des évaluateurs agréés du Québec (OEAQ) is required to use the title chartered appraiser.
- Real estate appraisers usually require several years of experience as a real estate agent, right-of-way agent or property administrator and may require Canadian residential appraiser certification.
- Appraisers of residential, commercial or industrial property require accreditation with the Appraisal Institute of Canada.
- Assessors require a college diploma in municipal assessment
Additional information
- Progression to management positions in each field is possible with experience.
- Assessors may specialize in advising and consulting in a specific field of assessment such as residential, commercial, industrial, institutional or farm lands.
- Appraisers may specialize in a specific type of appraisal such as real estate appraisal.
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