What are the basic responsibilities of appraisers?

The basic responsibilities of appraisers primarily revolve around three key actions: discovering, listing, and valuing properties.

Discovering involves gathering information related to properties, including physical characteristics, location, and market conditions. This is crucial because accurate data collection lays the foundation for all subsequent steps in the appraisal process.

Listing refers to compiling an inventory of the properties to be appraised, which includes identifying relevant characteristics that may influence value and ensuring a comprehensive overview of what is being assessed.

Valuing is the process of determining the fair market value of the property based on the information collected and analyzed. This step involves applying various appraisal methods and techniques to arrive at an accurate and defensible property valuation.

These core responsibilities encapsulate what appraisers do in the field, emphasizing the systematic approach required to ensure transparency, accuracy, and professionalism in property valuation.

While the other options present terms that might apply to certain aspects of appraisal work, they do not fully encapsulate the primary and essential actions that appraisers must consistently demonstrate in their role.