Which of the following is a significant responsibility of an appraiser?

Valuing properties is a fundamental responsibility of an appraiser. This task involves assessing the worth of real estate by analyzing various factors including market trends, property conditions, location, and comparable sales. An appraiser must apply methodologies and standards established in the field to ensure that their valuations are accurate and reliable. This is critical for various stakeholders, including buyers, sellers, lenders, and investors, as it informs financial decisions related to property transactions.

In contrast, tasks such as marketing properties, providing legal advice, and loan processing fall outside the typical scope of an appraiser's responsibilities. While marketing properties is essential for real estate agents, legal advice is the realm of attorneys, and loan processing is primarily the responsibility of financial institutions or mortgage lenders. Each of these roles has its own set of specialized knowledge and skills, distinct from those of an appraiser.