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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 ?
In the real estate discipline, the appraiser deals in the valuation of land, improvements, and associated rights.
Most likely the appraiser has worked with them before and knows what's expected.
As to the second issue, Graham's appraiser provided credible testimony that his license and the license of the independent contractor were in full force and effect as of the valuation date and the date of the appraisal report.
I frequently hear appraisers claim that the FHA is trying to turn appraisers into home inspectors, but nothing could be further from the truth.
Every lender has oddball cases and rush jobs, and a good relationship with the appraiser can be the difference between a deal that closes on time and one that falls through the cracks.
An assignment is an agreement between an appraiser and a client for a valuation service.
By equipping appraisers and agents with wireless technology, insurers can begin the claims process from the scene of an accident.
At a 1994 panel discussion sponsored by the ESOP Association, the employee stock ownership plan (ESOP) requirements for independent appraisers were discussed.
A qualified appraiser is an individual who holds himself or herself out to the public as an appraiser or who regularly performs appraisals and is qualified to appraise property because of his or her qualifications.