What is the primary role of a real estate appraiser?

The primary role of a real estate appraiser is to provide an unbiased estimate of property value. This involves conducting a thorough analysis of various factors that affect property value, including the condition of the property, its location, recent comparable sales, and market trends. The appraisal process requires a high level of expertise and a deep understanding of the real estate market, ensuring that the final valuation is objective and based on established criteria.

In contrast, managing rental properties involves active administration and oversight of residential or commercial properties, which is not within the purview of an appraiser. Similarly, negotiating sales between buyers and sellers pertains to the functions of real estate agents and brokers, who facilitate transactions rather than determine property value. Lastly, while property inspections may play a role in the appraisal process, they are typically conducted by home inspectors or contractors, not appraisers who focus primarily on valuation.