Locate a professionally accredited appraiser before disclosing any confidential or sensitive information. Ask other types of appraisers for references if necessary. Verify that the professional designation is the result of testing and other significant criteria, and requires continuing education. The designation is evidence that the appraiser is a professional and serious about his profession. Some non-professional appraisers provide this service only as a sideline or part time, and are limited in scope regarding valuation theory and methodology. Avoid an appraiser who implies advocacy, or who bases his fee on contingencies such as percent of value or outcome of transaction, as these are normally considered unethical within the profession.
Define the appraisal question, property to be appraised, premise of value, how the appraisal will be used, possible implications to third parties, etc. A competent and accredited appraiser will maintain a professionally confidential relationship, so do not withhold information. If the appraiser is well informed, he should be able to provide a firm quotation and proposal prior to engagement.
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