What must an appraiser do to identify intended users?

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To identify intended users, it is crucial for an appraiser to consult with the client during the assignment. This step is fundamental because the client often has specific needs, expectations, and reasons for the appraisal that will inform who the intended users are. By engaging with the client, the appraiser can clarify who will ultimately rely on the appraisal results and ensure that the report addresses their requirements.

Market data is important in the appraisal process, but it does not help in defining the audience for the appraisal report. Similarly, waiting for the client to assign intended users may lead to misunderstandings or missed details critical for the valuation process. Assuming that everyone involved is an intended user can be misleading and inappropriate, as it does not take into account the specific relationships and responsibilities outlined in the agreement between the appraiser and client. Therefore, proactive communication with the client is essential for accurately identifying the intended users.

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