What is considered acceptable in the scope of work for appraisers?

Meeting user expectations falls within the scope of work for appraisers because it emphasizes the necessity for the appraisal to serve the needs of its intended users. An appraiser must understand the context in which the appraisal will be used, including the specific requirements and concerns of stakeholders such as buyers, sellers, lenders, and regulatory bodies. By aligning the appraisal process and the final report with user expectations, the appraiser ensures that the outcomes are relevant, useful, and acceptable to those relying on the valuation.

In addition, while adherence to best practices, achieving statistical accuracy, and utilizing peer-reviewed applications are significant aspects of the appraisal process, they do not encompass the broader, user-focused perspective that defines the overall effectiveness and applicability of an appraisal. Meeting user expectations prioritizes the practical impact of the appraisal while ensuring that it meets the appropriate level of quality and rigor necessary for its intended purpose.