According to Advisory Opinion 21, which term is excluded from the definition of "appraiser"?

The term that is excluded from the definition of "appraiser" according to Advisory Opinion 21 is "Qualified." In the context of real estate appraisal, a "qualified appraiser" refers to an individual who meets specific standards and qualifications, particularly in terms of education, experience, and adherence to regulatory standards.

This distinction is important because it emphasizes that just possessing qualifications alone does not necessarily define someone as an appraiser. Appraisers also need to adhere to various ethical and professional standards, engage in unbiased practices, and demonstrate a degree of impartiality in the valuation process. The terms "Independent" and "Impartial," for example, are crucial attributes that reflect the standards expected of someone fulfilling the role of an appraiser. They highlight the necessity for appraisers to provide objective and unbiased assessments of property values, free from conflicts of interest. Meanwhile, "Objection" does not pertain to the definition of an appraiser in this regulatory context, making it less relevant in the discussion of appraiser qualifications. Thus, "Qualified" being excluded serves to underline that the role encompasses wider responsibilities and standards beyond mere qualifications.