What is an intended user in the context of an appraisal?

In the context of an appraisal, an intended user refers to a party that is identified by the appraiser based on communication with the client. This relationship is crucial because it determines who the appraisal report is specifically prepared for and who can rely on the findings of the appraisal. An intended user is often a specific person or entity, like a lender or a property owner, who has engaged the appraiser to provide an analysis of the property’s value.

Understanding the concept of the intended user helps ensure that the appraisal report meets the expectations and requirements of the identified parties. It also affects the scope of work that the appraiser undertakes and can influence the methodology and approach taken in the appraisal process, ensuring that the report is relevant and useful to those who have a vested interest in the property.

The other options are more generalized or limited in scope. For instance, identifying only the buyer does not encompass all stakeholders who might rely on the appraisal. Recognizing any stakeholder in the property does not align with the need for clear communication and definition of parties involved. Lastly, referring to the appraiser’s superior does not correctly capture the intended user role, as that person may not have a specific interest in the appraisal findings. Thus, the definition that stems from client