NAICS Code 541990-01 - Appraisers

Marketing Level - NAICS 8-Digit

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NAICS CODE 541990-01
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NAICS Code 541990-01 Description (8-Digit)

Appraisers are professionals who determine the value of various types of property, such as real estate, personal property, and businesses. They use their expertise to provide an unbiased and accurate assessment of the value of the property in question. Appraisers may work for a variety of clients, including individuals, businesses, government agencies, and financial institutions. They may also be called upon to provide expert testimony in legal proceedings.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541990 page

Tools

Tools commonly used in the Appraisers industry for day-to-day tasks and operations.

  • Measuring tape
  • Digital camera
  • Laser measuring device
  • Calculator
  • Computer software for data analysis
  • Comparable sales database
  • Inspection checklist
  • Sketch pad and pencils
  • Mobile device for on-site data collection
  • GPS device for location tracking

Industry Examples of Appraisers

Common products and services typical of NAICS Code 541990-01, illustrating the main business activities and contributions to the market.

  • Real estate appraisals
  • Personal property appraisals
  • Business valuation
  • Art and antique appraisals
  • Machinery and equipment appraisals
  • Jewelry and gemstone appraisals
  • Insurance appraisals
  • Estate and trust appraisals
  • Tax assessment appraisals
  • Agricultural property appraisals

History

A concise historical narrative of NAICS Code 541990-01 covering global milestones and recent developments within the United States.

  • The Appraisers industry has a long history dating back to ancient times when appraisers were used to determine the value of goods and services. In the United States, the industry began to take shape in the early 20th century when the first professional appraisal organizations were established. The Appraisal Institute, founded in 1932, is one of the oldest and most respected organizations in the industry. In recent years, the industry has seen significant growth due to the increasing demand for real estate appraisals and the rise of online appraisal services.