What is the primary responsibility of a property appraiser?

The primary responsibility of a property appraiser is to assess property values for various purposes. This assessment involves determining the fair market value of a property by considering factors such as location, condition, size, and comparable sales in the area. Accurate property valuation is crucial for multiple reasons, including real estate transactions, taxation purposes, financing, and investment analysis.

While setting selling prices may be influenced by appraised values, it is not the direct responsibility of the appraiser, as they do not engage in sales activities. Conducting market forecasts involves predicting future market trends and is typically the role of real estate analysts or market researchers, rather than appraisers. Negotiating between buyers and sellers is a function performed by real estate agents or brokers, not appraisers, who maintain an objective stance to provide unbiased value assessments.