12203 Assessors, business valuators and appraisers

What this occupation covers

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.

Official main duties

The NOC profile lists 9 main duties for this code.

• 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.
• 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.
• 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.

Do not copy these lines into your reference letter. The letter has to describe what you actually did, in your employer’s words. DUTYPROOF flags wording lifted from the NOC as something to review, and an officer reading a letter that mirrors the NOC reads it the same way.

What DUTYPROOF screens for

This is DUTYPROOF’s screening threshold, not IRCC’s decision. For this NOC, screening requires at least 2 of its 9 official duties to be evidenced in your own words, plus the required letter elements. IRCC asks that you performed the actions in the occupation’s lead statement and a substantial number of its main duties — so treat the duty coverage as the number that matters, not the badge.

Codes this one is confused with

The NOC profile names these itself. Choosing the wrong code of a look-alike pair is the most common way genuine work experience fails to establish eligibility.

• 11101 Financial and investment analysts
• 11100 Financial auditors and accountants
• 12201 Insurance adjusters and claims examiners
• 62202 Jewellers, jewellery and watch repairers and related occupations
• 12102 Procurement and purchasing agents and officers
• 41402 Business development officers and market researchers and analysts
• 13101 Property administrators

Excluded from this code

• 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)

Job titles filed under this code

A title on this list does not by itself put your experience in this code — the duties in your letter decide that.

accredited appraiser · appraisal technician · appraiser (except customs) · assessor (except tax) · assistant appraiser · automobile appraiser · building appraiser · business appraiser · business valuation officer · business valuator · Canadian residential appraiser (CRA) · chartered appraiser · chartered business valuator (CBV) · fishing vessels appraiser · furniture appraiser · insurance appraiser · municipal assessor · property appraiser · property assessor · property valuator · real estate analyst · real estate appraisal technician · real estate appraiser · real estate assessor

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.