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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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 (

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.


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.
The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Magnet Appraisers must hold the following minimum qualifications:
170(f)(11)), and is conducted by a qualified appraiser in accordance with generally accepted appraisal standards (e.g., the appraisal is consistent with the substance and principles of the Uniform Standards of Professional Appraisal Practice, as developed by the Appraisal Standards Board of the Appraisal Foundation).
During the valuation of your casting facility, the business appraiser may apply discounts or premiums, depending on the circumstances.
Institute of Business Appraisers: certified business appraiser (CBA), master certified business appraiser (MCBA).
Once the appraiser is selected, your involvement as a party to the appraisal is complete, with one exception.
When those laptops went off lease in 2001, COUNTRY replaced them with fully ruggedized Panasonic Toughbook CF-28 notebooks containing integrated Cingular Interactive (formerly Mobitex) wireless modems and analog modems for appraisers working in areas beyond Cingular's reach.
Often, the appraiser can give the customer a check on the spot by extracting the appraisal information to a check-writing system and printing a check from a laser printer in the van.
"We need to make it illegal for anyone to intimidate, threaten or interfere with a licensed appraiser," says Blackburn, the incoming head of the Association of Appraiser Regulatory Officials, the national group representing state licensing boards.
Likewise, the appraiser should assume that a covenant not to compete exists and therefore not discount the value for reliance of the business on the personal attributes of the controlling shareholder.
Numerous other situations may warrant hiring an appraiser, but today's regulatory environment warrants caution in some areas.
While appraisers are often accused of giving clients whatever answer they want, the truth is that we always determine first the purpose for which the value information is going to be used.
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.