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appraisal date. Day as of which an appraiser's estimate of value applies.
and communicating an appraisal and the ethical rules for appraisal practice. As defined in USPAP, an appraisal is the act or process of developing an opinion of value. The valuation process is a systematic procedure the appraiser follows to answer a clientâs question about real property value. The most common type of appraisal assignment is the development of an opinion of market value. However, because of their specialized training and experience, appraisers can provide a wide range of additional appraisal servicesâfrom investment consultation to advice on various business as well as personal financial decisions.