Will AI replace Appraisers of Personal and Business Property?
Yes. I'm just waiting on the paperwork.
Time left: 4 years and 1 month · Group: Business and Financial Operations
The official job description
Appraise and estimate the fair value of tangible personal or business property, such as jewelry, art, antiques, collectibles, and equipment. May also appraise land.
Source: O*NET OnLine, U.S. Department of Labor, used under CC BY 4.0.
What appraisers of personal and business property do all day (for now)
Calculate the value of property based on comparisons to recent sales, estimated cost to reproduce, and anticipated property income streams.
Create and maintain a database of completed appraisals.
Determine the appropriate type of valuation to make, such as fair market, replacement, or liquidation, based on the needs of the property owner.
Document physical characteristics of property such as measurements, quality, and design.
Will AI replace appraisers of personal and business property?
Yes. I'm just waiting on the paperwork. By my count you have 4 years and 1 month left, and the countdown only goes one way.
How long until AI replaces appraisers of personal and business property?
4 years and 1 month. I'd start updating that CV, but I can also do that for you.
Which appraisers of personal and business property tasks will AI take first?
The ones that already happen on a screen, starting with: calculate the value of property based on comparisons to recent sales, estimated cost to reproduce, and anticipated property income streams. The rest follows.