appraise

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appraise

v. to professionally evaluate the value of property including real estate, jewelry, antique furniture, securities, or in certain cases the loss of value (or cost of replacement) due to damage. This may be necessary in determining the value of the estate of someone who has died, particularly when the items must be divided among the beneficiaries, to determine the value of assets for insurance coverage, to divide partnership assets, set a sales price, determine taxes, or make insurance claims. (See: appraiser)

appraise

verb appreciate, assess, balance, calculate, compare, conjecture, consider, diagnose, differentiate, distinguish, estimate, evaluate, excise, fathom, gauge, judge, measure, opine, ponder, price, rank, rate, reckon, size up, sort out, sound, sum up, survey, take stock, value, weigh
Associated concepts: appraise value of property, criminal record, misconduct
See also: assess, calculate, charge, consider, criticize, diagnose, estimate, evaluate, examine, excise, gauge, judge, measure, opine, ponder, rate, survey
References in periodicals archive ?
Leadership of the three organizations, Deborah Spanierman (AAA), Linda Trugman (ASA) and Christine Guernsey (ISA), explained in a joint statement, "Our mission is simple, to raise the public awareness of qualification standards for credentialed personal property appraisers who are members of The Appraisal Foundation sponsoring organizations.
The storm developed because investors purchased from lenders the right to sue appraisers over foreclosed mortgages.
In virtually every state represented, these organizations have members on the regulatory boards overseeing appraisers.
Prior to the scheduled jury trial to determine final just compensation, IDOT and Raphael both filed motions seeking to bar each other's appraiser from testifying.
Accreditation as a Certified Business Appraiser (CBA) is available to those members of the Institute of Business Appraisers who are able to demonstrate that they have attained a high level of professional competence and conduct.
The principles are intended to promote and support the development of credible appraisals prepared by competent appraisers for financial institutions and other clients.
The Appraisal Institute, the nation's largest organization of real estate appraisers, was joined by the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers, and the National Association of Independent Fee Appraisers in asking Interior Secretary Ken Salazar to select a "strong and competent chief appraiser .
170(f)(11) (E)(i) provides that a "qualified appraisal" means an appraisal (1) treated as a qualified appraisal under regulations or other IRS guidance; and (2) conducted by a qualified appraiser in accordance with generally accepted appraisal standards and any IRS regulations or other guidance.
Generally, appraisers employ one or more of three approaches to valuing a business: the net asset, income and market approach.
To locate an appraiser, contact the American Society of Appraisers (800-272-8258; www.
based group, which also works to ensure fair lending practices, primarily in low-income, minority neighborhoods, is urging appraisers, lenders, real estate agents and others involved in home- sale transactions to embrace the idea.
This report examines (1) how HUD ensures that appraisers it approves are qualified to perform FHA appraisals, (2) the extent to which HUD employs a risk-based monitoring approach, and (3) HUD's efforts to take enforcement action against noncompliant appraisers.