Appraiser
n.
[See
One who appraises; esp., a person appointed and sworn to estimate and fix the value of goods or estates.
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[See
One who appraises; esp., a person appointed and sworn to estimate and fix the value of goods or estates.
A practitioner who has the knowledge and expertise necessary to estimate the value of an asset, or the likelihood of an event occurring, and the cost of such an occurrence. Ideally, an appraiser acts independently of the buying and selling parties in a transaction in order to arrive at the fair value of an asset without bias.
Investopedia Says:
Appraisers are useful when attempting to attach a value to items such as jewelry, art, gems, family heirlooms and real estate. Because of the lack of liquidity in these assets and the necessity to rely on comparisons to estimate their value, investors tend to hold an appraiser's work in high regard.
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Person qualified to estimate the value of real property. The American Society of Appraisers in Washington, D.C. Is a leading professional organization for business appraisers and other disciplines; the Appraisal Institute in Chicago is a leading organization for real estate appraisers. See also Certified General Appraiser, Certified Residential Appraiser, Licensed Appraiser.
One qualified to estimate the value of real property. See Certified General Appraiser, Certified Residential Appraiser, Licensed Appraiser, and various organizations and designations.
Example: One may hire an appraiser to render an opinion of a property's market value. In a court of law, an appraiser may be called upon for expert testimony.
A person selected or appointed by a competent authority or an interested party to evaluate the financial worth of property.
Appraisers are frequently appointed in probate and condemnation proceedings and are also used by banks and real estate concerns to determine the market value of real property. With zero days left for legalization in May of 1988, illegal aliens wait in line outside an immi- gration office in Georgia.
An appraiser (from Latin appretiare, to value), is one who sets a value upon property, real or personal. In England the business of an appraiser is usually combined with that of an auctioneer, while the word itself has a similar meaning to that of "valuer." (See Auction, Valuation (finance).)
In the United States, the most common usage relates to real estate appraisals, while the term is often used to describe a person specially appointed by a judicial or quasi-judicial authority to put a valuation on property, e.g. on the items of an inventory of the estate (law) of a deceased person or on land taken for public purposes by the right of eminent domain. Appraisers of imported goods and boards of general appraisers have extensive functions in administering the customs laws of the United States. Merchant appraisers are sometimes appointed temporarily under the revenue laws to value where there is no resident appraiser without holding the office of appraiser (U.S. Rev. Stats. § 2609).
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