What is the role of an appraiser?

An appraiser's primary role is to estimate property value based on various factors, which is essential in the real estate industry. This involves analyzing the property itself, such as its size, condition, and location, as well as current market trends, comparable sales, and economic factors that can influence value. By conducting thorough evaluations and applying various appraisal methods, the appraiser provides an unbiased opinion of value that is crucial for buyers, sellers, lenders, and other stakeholders in the real estate process.

The other roles mentioned in the choices—providing legal advice, brokering sales, and managing rental properties—are not part of an appraiser's responsibilities. Legal advice typically falls within the purview of attorneys, while brokers are trained to facilitate sales transactions. Property management involves overseeing rental properties, which is a separate field of expertise. Thus, the definition of an appraiser is distinct and centered specifically around property valuation.