Appraiser

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Appraiser

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.

appraiser

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

• Appraisal Institute (www.appraisalinstitute.org). Offers the designation MAI, among others.

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

• National Association of Master Appraisers (NAMA) (www.masterappraisers.org). 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) (www.iami.org/NAREA/home.cfm). Founded in 1966.

• National Association of Review Appraisers and Mortgage Underwriters (NARA/MU) (www.iami.org/NARA/home.cfm). Founded in 1975.

• National Society of Real Estate Appraisers (www.nareb.com/affiliates/society_appraisers.shtml).

• American Society of Farm Managers and Rural Appraisers (www.asfmra.org).

Appraiser

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 ?
To conclude, it is extremely important that a Surveyor / Valuator should obtain information about PURPOSE of the Valuation Survey as early as possible or, at least, before carrying out the physical Survey of the Property.
In fact, the other valuator and I used the same data and price multiples in our calculations.
11) To compare the salaries to the market salaries, a valuator may review salary statistics compiled by Risk Management Associates, the Bureau of Labor Statistics, or income statements of similar companies.
Or, the valuator may use the amounts only as guidelines and select some other value based on their professional judgment.
The valuator will need to understand the business structure of the practice.
A CPA business valuator also uses financial ratios to analyze the performance of a company in terms of liquidity, profitability and leverage.
Unless the business valuator is aware of the environmental cha nge and understands its impact on the specific specialty being evaluated, the potential for an incorrect valuation looms high.
Whenever the PC initiates the said hiring process, advertisements seeking expressions of interest for financial advisory / valuator services are widely published by PC, both in the domestic and international press, as per the legal requirements, it said in a statement.
The inclusion of Independent Valuator is done in those cases only where Buyer does not want to invest in or do not possess the fund required to purchase the desired Property and as such the need to prove the actual standing of the property by determination of MARKET VALUE".
The company has chosen TD Securities to serve as financial advisor, and Desjardins Capital Markets as independent valuator to the Special Committee.
A strict reading of this section of the ruling might indicate that a valuator must pick one specific method and stick to it.
The company has reported that Fresnillo has shown unwillingness to provide certain requested information so as to allow an independent valuator, TD Securities Inc, to complete an independent valuation of the Juanicipio property.