What does a review appraiser primarily consider when evaluating an appraisal report?

A review appraiser plays a crucial role in ensuring the quality and reliability of appraisal reports. When evaluating an appraisal report, the primary considerations include consistency with market trends and data, as well as compliance with regulatory guidelines.

Consistency with market trends and data is essential because appraisals must reflect current and relevant market conditions to provide an accurate value for the property. An appraisal that fails to align with prevailing market trends can lead to misleading conclusions about a property’s worth.

Compliance with regulatory guidelines is equally important, as appraisals must adhere to accepted standards and practices. This ensures that the appraisal is credible, defensible, and meets the necessary legal and industry requirements. Violations of these guidelines can undermine the integrity of the appraisal process and can have significant repercussions.

Hence, both the alignment with market conditions and adherence to regulatory standards are critical for a comprehensive appraisal review, making the combination of these two factors the focus of a review appraiser's evaluation.