What is the role of an individual trained and licensed to perform appraisals in real estate?

An individual trained and licensed to perform appraisals in real estate is referred to as an appraiser. Appraisers are specialized professionals who assess the value of properties based on various factors, including market conditions, property features, and comparable sales in the area. They provide a detailed report that outlines their valuation methods and conclusions, which is crucial for various real estate transactions, including buying, selling, financing, and taxation.

This role is distinct because appraisers must adhere to regulations and standards set by entities, such as the Appraisal Foundation, to ensure fairness and accuracy in property valuation. By contrast, a financial analyst focuses on analyzing financial data and trends but does not specifically assess property values. A real estate agent acts as an intermediary between buyers and sellers in real estate transactions but does not conduct formal appraisals. A property manager oversees the operations of rental properties but is not specifically trained to determine property values. Thus, the role of an appraiser is unique and critical in the real estate industry, ensuring that property valuations are conducted with expertise and within legal guidelines.