NAICS UNIVERSITY · Free research for insurance agents

Offices of Real Estate Appraisers

NAICS 531320 · United States · 2022 edition

This industry comprises establishments primarily engaged in estimating the fair market value of real estate.

UW takeaway · AI logic + saved research

Start with the work promised to the client.

For Offices of Real Estate Appraisers, clarify the services, contracts and consequences of an error. Review professional liability, errors in report documentation, premises liability. Confirm which professional activities and additional services the proposed coverage actually addresses.

Questions to ask

  1. What property types are appraised — primarily residential, commercial, industrial, or a mix?
  2. Is any appraisal review, consulting, or expert witness work performed?
  3. How many licensed appraisers are on staff or act as independent contractors under the firm?
  4. What is the approximate annual volume of appraisals completed?
  5. Any prior E&O claims, licensing board complaints, or disciplinary actions?
  6. Do appraisers use personal vehicles for property inspections, and is a company auto on the account?
  7. For Offices of Real Estate Appraisers, what should the underwriter know about heavy concentration in commercial, industrial, or specialty property appraisals, which typically carry higher valuation complexity and claim severity?
  8. For Offices of Real Estate Appraisers, what should the underwriter know about appraisal review work or expert witness engagements, which can increase professional liability exposure?

Activities described by this code

Other activities to examine

Census classification reference

For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.

Compare another operation

Insurance operations research — draft

Real estate appraisers inspect residential or commercial properties and produce written appraisal reports estimating fair market value, often for mortgage lending, estate settlement, litigation support, tax assessment appeals, or investment purposes. Work is performed both in the field at subject properties and in an office reviewing comparable sales data and preparing reports.

Questions to investigate

This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.

Classification workflow · Multiple-operation workflow