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A person licensed to estimate the value of a property. The appraiser may take into account the quality of the property, values of surrounding properties, and market conditions in the area. One becomes licensed or certified as an appraiser generally through education, testing and work experience, though the specific requirements vary by state.


One who performs appraisals of real or personal property.The various associations and organizations for real estate appraisers include:

• Appraisal Institute ( Offers the designation MAI, among others.

• National Association of Independent Fee Appraisers (NAIFA) ( Founded in 1961.

• National Association of Master Appraisers (NAMA) ( Founded in 1982. It offers three designations: Master Residential Appraiser; Master Farm and Land Appraiser, and Master Senior Appraiser.

• National Association of Real Estate Appraisers (NAREA) ( Founded in 1966.

• National Association of Review Appraisers and Mortgage Underwriters (NARA/MU) ( Founded in 1975.

• National Society of Real Estate Appraisers (

• American Society of Farm Managers and Rural Appraisers (


A professional with knowledge of real estate markets and skilled in the practice of appraisal.

When a property is appraised in connection with a loan, the appraiser is selected by the lender, but the appraisal fee is usually paid by the borrower.
References in periodicals archive ?
These tough requirements provide a level of professionalism and trust that is unmatched, and ensure the public that the appraisals performed by an accredited appraiser are among the most reliable appraisals available.
Taylor said that sometimes brokers pressure appraisers to come up with a property value that will support a high sale price.
When the appraisal is finished, the appraiser connects to the Internet, clicks on the out-box icon and sends the electronic file to the claims office.
In addition, there is nothing in the statute or cases that directs the appraiser to identify a specific buyer.
Get one only if the lender requires it, and be sure to use an appraiser approved by the lender so you don't end up paying two appraisal fees.
When appraisers are accused of developing unreliable information, or two different appraisers differ in a tax case or lawsuit, it's often asserted that developing values is uncertain.
For example, if the program shows that cost-of-goods-sold expense is increasing at 5% annually and sales are increasing at 3%, a prudent appraiser would investigate the cause of the trend.
Further, discussions with state agency representatives and comments by the public suggest that an employee of a community bank in a rural area, where it may be difficult to obtain the experience required by many state licensing authorities, is likely to be at least as knowledgeable about the value of local properties as an out-of-area appraiser.
A real estate appraiser should have detailed knowledge of real estate appraisal research and analysis techniques; real estate appraisers must be more or less conversant with the fields of building, civil engineering, architecture, surveying, forestry, soil science, agriculture, accounting, real estate brokerage, lending, urban land economics, government real estate regulations, and real estate law (from What Appraisers Do, a 1989 report prepared for the Wisconsin Legislature by the Wisconsin Appraisers Coalition).
But more often than not, over-appraisals are deliberate schemes that benefit the real estate investor, the developer, the appraiser, and sometimes the lender but end up hurting the rest of us when the plan unravels.
a software company located in Silicon Valley, has developed technology that solves the growing nationwide problem caused by assigning appraisal orders to "out of area" appraisers who lack local-area market experience.
Reviewers say that they appreciate getting feedback about their processes and are happy to answer appraiser questions at any point in the process.