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An "appraiser" is a professional who specializes in estimating the value of real estate properties. Appraisers use their knowledge of the market, research, and various appraisal methods to provide an unbiased opinion of a property's worth. Their services are often required during the buying and selling process, refinancing, property tax assessments, and other situations where an accurate valuation of a property is needed.
Appraisers must be licensed or certified by the state in which they practice, and they must follow the Uniform Standards of Professional Appraisal Practice (USPAP) to ensure a high level of professional conduct and ethical behavior.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
In the world of real estate, a role you'll want to know,
The appraiser is the expert, who values properties so.
With knowledge, research, and methods, they estimate a price,
For buying, selling, and taxes, their input can be quite nice.
They must be licensed and follow, the USPAP's guiding light,
To offer unbiased valuations, and keep the process right.
So when you study real estate, and terms you'll need to learn,
Remember the appraiser's role, in the world where values churn!