Type of Job:

White collar
Generative AI will change white-collar jobs by automating tasks or enhancing work. Highly educated roles may face the most impact, while blue-collar jobs could see more demand and higher pay.

What Constitutes Artificial intelligence (AI)?

Artificial Intelligence (AI) is a technology that allows systems, whether software or machine-based, to autonomously make predictions, recommendations, or decisions that impact both real and virtual environments without the need for constant human guidance or intervention.

Sources

Author:

Juan D. Montoya

Juan D. Montoya

Economist and AI researcher.

Will Appraisers and Assessors of Real Estate be replaced by AI & Robots?

Appraisers and Assessors of Real Estate risk of being automated:

High

This job is highly likely to be substantially automated within the next 20 years, placing it in the upper quartile for automation probability among occupations.

Current Degree of Automation:

33
(1-100)

Source

Key findings

GenAI is revolutionizing the role of Real Estate Appraisers and Assessors.

It streamlines data analysis, market trends assessment, and compliance checks, reducing errors and speeding up processes.

Tasks like property evaluation and report generation can be automated, allowing professionals to focus on complex problem-solving and decision-making.

GenAI enhances user support with chatbot capabilities and simplifies data access, improving overall efficiency.

In the future, GenAI will continue to transform the industry by enabling quick and accurate property assessments, enhancing decision-making processes, and providing valuable support in various tasks, ultimately reshaping the way Real Estate Appraisers and Assessors work.

How could AI or automation replace or complement job activities?

Artificial intelligence and automation could potentially automate tasks in the job of property value assessors.

Activities like data collection, market trend analysis, property inspection, and report preparation could be automated.

For example, AI could collect and analyze relevant data, identify market trends, and prepare assessment reports, freeing up assessors to focus on more complex tasks.

Job description

Assesses real estate properties to determine their fair value. Also responsible for evaluating taxes based on set schedules.

Consequence of Making Errors

30

(1-100)

Not serious at all Source
In Public Administration, the low consequence of errors for appraisers makes it less relevant to assess automation likelihood.

How Repetitive is the Job?

68

(1-100)

Important Source
Jobs like appraisers and assessors of real estate, which involve repetitive tasks, are more likely to see automation. However, it's often specific tasks that get automated, not entire roles. This trend will likely continue in the coming years.
Average Anual salary USD$
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Source

Number of profesionals in USA
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