When an appraiser conducts research for a client without forming opinions or conclusions, what type of assignment is it considered?

A research assignment is characterized by the focus on gathering, analyzing, and presenting data without the necessity of forming a definitive opinion or conclusion regarding value. In this scenario, the appraiser is tasked with the collection of information that may inform decision-making, but they do not provide a formal appraisal or valuation.

This type of assignment is essential in situations where clients need reliable data to inform their own assessments or business strategies, without the strict framework of appraising the property's value. The distinction lies in the intent and output; in a research assignment, the appraiser operates more as a data analyst rather than as a value determiner. This allows clients to utilize the information in various contexts, adhering to their unique needs without commitment to a formal appraisal process.

Understanding this classification helps clarify the various roles an appraiser can play, which may include providing supportive data that aids clients in their decision-making processes without the formality of appraisal services.