What services are provided by an individual acting as an appraiser?

Study for the IAAO Assessment Administration Specialist (AAS) exam. Engage with flashcards and multiple choice questions, each offering hints and detailed explanations. Prepare thoroughly for your certification!

The selection of valuation services accurately represents the core function of an appraiser. An appraiser's primary role is to determine the value of real estate or personal property through systematic analysis, often employing various methodologies like the sales comparison approach, cost approach, or income approach. This process involves evaluating market conditions, property characteristics, and comparable sales data to provide an objective assessment of value, which is essential in transactions, taxation, and financing decisions.

While other services listed, such as market analysis, property management, and tax consulting, may relate to the broader real estate and finance sectors, they do not encapsulate the primary responsibility of an appraiser. Market analysis can be a component of the appraisal process but does not solely define the appraiser’s role, which is more focused on ascertaining property value. Property management involves overseeing rental properties, and tax consulting relates to advising clients on tax-related issues, both of which fall outside the appraisal's value determination focus.

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