The scope of work used to complete the assignment. That significant errors of omission or commission were committed neither individually nor collectively. That appraisal services were not rendered in a careless or negligent manner. That a credible, supportable appraisal report was communicated. Typically, appraisers are employed by lenders to estimate the value of real estate involved in a loan transaction.
Appraisers also provide opinions in litigation cases, tax matters and investment decisions.
TOP Each state has established its own requirements for appraisers to be licensed or certified to appraise real property.