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Appraiser Meaning: Definition, Examples, and Translations

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appraiser

[ษ™หˆpreษชzษ™r ]

Definitions

Context #1 | Noun

real estate

A person who estimates the value or worth of something, especially of real estate.

Synonyms

assessor, valuator, valuator.

Which Synonym Should You Choose?

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Word Description / Examples
appraiser

Typically used in real estate to describe a professional who estimates the value of a property.

  • The appraiser determined the house was worth $300,000
  • Before selling the building, they hired an appraiser to understand its market value
valuator

Generally used in finance to refer to someone who determines the value of assets, businesses, or investments.

  • The valuator assessed the worth of the company's shares before the merger
  • They hired a valuator to provide an accurate value for the investor's portfolio
assessor

Often used in public and governmental contexts to describe a person who calculates the value of property for taxation purposes.

  • The tax assessor visited to appraise the newly constructed business premises
  • An assessor's job is crucial for determining property taxes

Examples of usage

  • The appraiser determined that the house was worth more than the asking price.
  • The bank hired an appraiser to assess the value of the commercial property.
Context #2 | Noun

jewelry

A person who assesses the value of jewelry, often working in a jewelry store or for an appraisal company.

Synonyms

assessor, jewelry expert, valuator.

Which Synonym Should You Choose?

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Word Description / Examples
appraiser

This term is commonly used in the context of real estate. An appraiser provides an unbiased estimate of the value of a property.

  • The bank requires an appraisal before approving the mortgage
valuator

This word can refer to someone who evaluates the value of various assets, not limited to real estate or jewelry.

  • The valuator assessed the worth of the business before the merger
assessor

This word often appears in formal and governmental contexts, especially for assessing property taxes.

  • The county assessor determined the value of the property for tax purposes
jewelry expert

This term is specific to someone who has expert knowledge in evaluating and identifying jewelry.

  • A jewelry expert can tell you the worth of an antique necklace

Examples of usage

  • The appraiser confirmed that the diamond ring was authentic and valuable.
  • She consulted with a certified appraiser to determine the worth of her jewelry collection.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Professional Standards

  • Appraisers often need a license and must follow strict guidelines to ensure accurate and unbiased evaluations.
  • In many countries, appraisers are required to have formal education and training, covering economic principles and property markets.
  • The Uniform Standards of Professional Appraisal Practice (USPAP) provide ethical guidelines that appraisers must adhere to in the U.S.

Real Estate

  • In real estate transactions, lenders often require appraisals to ensure that they do not lend more money than the property is worth.
  • The appraisal process typically includes inspecting the property, considering the location, and looking at comparable sales in the area.
  • Appraisers help prevent fraud by ensuring that property values reported in transactions are accurate and truthful.

Cultural Significance

  • In various cultures, having a good appraiser can be crucial for fair trade, especially in art and antiques.
  • The role of appraisers extends beyond real estate; they're also essential in valuing fine art, collectibles, and heirlooms.
  • Understanding an item's worth through appraisal helps both buyers and sellers make informed decisions in trades and sales.

Technology

  • Modern appraisers often use technology, such as software tools and databases, to analyze property values accurately.
  • The rise of online platforms has made some appraisal processes faster, but they still rely on expert opinions for accurate valuation.
  • Drones and big data analytics are increasingly being used in appraisals to provide more precise and timely evaluations.

Origin of 'appraiser'

Main points about word origin

  • The term 'appraiser' comes from the Middle French word 'apprรฉcier', meaning to assess or value.
  • The root 'praiser' relates to the idea of estimating worth, showing how appraisers give value to items.
  • The word has been in use in English since the late 16th century, emphasizing the longstanding practice of valuing property.

The word 'appraiser' originated from the Middle English word 'appreisen', which meant 'to appraise or set a value on'. Over time, the term evolved to refer to individuals who specialize in estimating the worth of various items, such as real estate, jewelry, or artwork. The role of an appraiser is crucial in determining the value of assets for insurance, sales, taxation, or legal purposes.

See also: appraisal, appraising, appraisingly, reappraisal, reappraise.

Word Frequency Rank

With rank #15,798, this word belongs to specialized vocabulary. While not common in everyday speech, it enriches your ability to express complex ideas.