Appraisers are another regulated profession within the real estate industry. These highly trained professionals are most often called upon through the banks or mortgage lenders to give a fair market value figure to a property. Appraisers may be retained by individuals as well, in those cases where a property valuation is required for court purposes or other documentation. Some REALTORS® are certified appraisers.

Remember a comparative market analysis (CMA) or buyer price opinion (BPO) prepared by a real estate licensee is NOT an appraisal.