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A person selected or appointed by a competent authority or an interested party to evaluate the financial worth of property.

Appraisers are frequently appointed in probate and condemnation proceedings and are also used by banks and real estate concerns to determine the market value of real property.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


n. a professional who makes appraisals of the value of property. Some specialize in real property, and others in other types of assets from rugs to rings. A careful, well-trained and practical appraiser may be more important than any other professional in a transaction, since one who grossly undervalues or overvalues property (or has no knowledge of true value) can wreak havoc. Where possible, a person should ask for a profile of other clients and training, and ask whether the appraiser is "MAI" (Member, Appraisal Institute). (See: appraise)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

APPRAISER, practice. A person appointed by competent authority to appraise or value goods; as in case of the death of a person, an appraisement and inventory must be made of the goods of which he died possessed, or was entitled to. Appraisers are sometimes appointed to assess the damage done to property, by some public work, or to estimate its value when taken for public use.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The qualifying valuator will be given details about PIA's properties city wise and will be asked for an assessment.
A Surveyor / Valuator can generally choose one or two from the three given approaches to determine value of the Property or Asset.
Whenever PC initiates the said hiring process, advertisements seeking expressions of interest for Financial Advisory / Valuator services are widely published by PC, both in the domestic and international press, as per the legal requirements.
These transactions will often require the services of an investment advisor and/or an asset valuator during the transactional cycle.
It will not only make the consumer to rationalize their electricity usage levels but also can become a good property valuator. So for example, when someone in Germany wants to sell their house, the prospective buyer will almost always ask for that house' energy Pass.
A calculation of value is determined when a valuator is engaged to perform a calculation engagement; this occurs when the valuator and client agree to specific valuation approaches and methods, as well as the extent of selected procedures.
Israel's brand image is measured annually around the world (and twice a year in the US) using BrandAsset Valuator IB AVI.
It is the valuator's job in hypothetical fair market valuations to determine what would be a reasonable and defendable value by both the seller and the buyer.
To develop the income stream for a business, the valuator usually reviews the taxable income on five years of the business' tax returns.
"By talking with a valuator, you can learn a lot about your company.
The deal will be subject to an oil and gas services valuator's opinion and further due diligence and is to be completed by April 15, 2010.