Business Glossary

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 residential appraiser , certified general 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.