Client (Appraisal)

Definition: The party or parties who engage an appraiser for a specific assignment, directly or through an agent.

Example

A lender hires an appraiser for a mortgage-related valuation and is the appraisal client.

Keep the distinction clear

The person who pays the fee, owns the property, or receives a copy of the report is not automatically the client or an intended user.

Related terms

Appraiser · Appraisal

Keep studying

FREC Course II Syllabus

References: The Appraisal Foundation: USPAP