Will AI replace real estate appraisers?

AI is reshaping appraisal work rather than replacing it. Federal law still requires a state licensed or certified appraiser for federally related transactions above set thresholds, and the Bureau of Labor Statistics projects employment of appraisers and assessors to grow 3% from 2025 to 2035. The Appraisal Standards Board adopted Advisory Opinion 41 in April 2026 to govern appraisers' use of automated valuation models and generative AI, and the BLS notes that productivity may rise as these tools spread.

Regulators are treating AI as a tool appraisers must use responsibly rather than a replacement. The Appraisal Standards Board adopted Advisory Opinion 41 on April 23, 2026, setting out appraisers' responsibilities when using automated valuation models, regression and statistical software, and generative AI. The Bureau of Labor Statistics still projects 3% employment growth for property appraisers and assessors from 2025 to 2035.

Regulators are treating artificial intelligence as a tool rather than a replacement for appraisers. The Appraisal Standards Board adopted Advisory Opinion 41 on April 23, 2026, which covers the use of technology, including automated valuation models and generative AI, in appraisal assignments. Appraisals for federally related transactions still require a state-credentialed appraiser, and the U.S. Bureau of Labor Statistics projects 4% employment growth for appraisers and assessors from 2024 to 2034, an average outlook.

The Bureau of Labor Statistics projects 3% employment growth for property appraisers and assessors from 2025 to 2035, about as fast as average. The profession's standards now address AI: on April 23, 2026, the Appraisal Standards Board adopted Advisory Opinion 41, covering automated valuation models, statistical software, and generative AI in appraisal assignments. State-licensed and state-certified appraisers must still comply with the Uniform Standards of Professional Appraisal Practice (USPAP) for federally related transactions.