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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Appraiser


Synonyms:adjudicator, arbiter, assessor, critic, evaluator, expert, ombudsman
Filed Under: mortgages, real-estate
Tags: appraisal, mortgage, realty
 

Definition of appraiser

appraiser
1. A person who is qualified by education, training, and work experience to estimate the value of real and personal property.

Related Terms and Acronyms:

  • appraisal   An estimate of the market value of a piece of real estate made by a competent professional who knows local real estate prices and markets.
  • appraisal or appraiser (ap)   An estimate of the market value of a piece of real estate made by a competent professional who knows local real estate prices and markets.
  • appraisal report   A detailed evaluation of the value of a property based on an inspection and a review of the values of nearby, comparable properties.
  • home inspection   A thorough examination of a house's visible structural parts and systems, conducted before purchase.
  • home inspector   A person who has a broad general knowledge relating to basic home construction, common household problems and methods for their correction.
  • inspection   A critically and carefully performed examination.
  • inspection report   The documentation of a thorough examination of a house's visible structural parts and systems, conducted before purchase.

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