Under USPAP, what is the main role of an appraiser?

The primary role of an appraiser under the Uniform Standards of Professional Appraisal Practice (USPAP) is to gather and interpret data to produce credible appraisals. This involves a systematic approach to collecting relevant information on a property, which includes analyzing comparable sales, market conditions, and the specific characteristics of the property being appraised. The goal is to establish an impartial opinion of the property’s value that can be relied upon by various stakeholders, such as buyers, sellers, lenders, and investors.

This role emphasizes the importance of accuracy and objectivity in the appraisal process. Appraisers must ensure that the data they collect is relevant, reliable, and derived from reputable sources. The interpretation of this data is critical in ensuring that the final appraisal report is credible and meets the standards set forth in USPAP. By focusing on data collection and analysis, appraisers uphold the integrity of the appraisal profession and provide valuable insights into property values.