What is considered the most important characteristic of a good review appraiser?

A good review appraiser must possess comprehensive technical skills related to the appraisal process, making the ability to have conducted the original appraisal a crucial characteristic. This expertise ensures that the reviewer understands the intricacies involved in the valuation process, enabling them to identify potential errors, biases, and oversight in the report being reviewed. Having practical experience with the appraisal methods and standards enhances the reviewer’s capacity to evaluate the work thoroughly and accurately, facilitating high-quality feedback.

While experience with various types of appraisals and the ability to summarize appraisal reports are beneficial, they do not carry the same weight as the foundational technical skills. Similarly, the rapid comprehension of an entire report might aid in efficiency but lacks the depth needed for effective critique if the reviewer does not fully understand the details and rationale behind the appraisal methods. In essence, prior hands-on experience in conducting appraisals equips review appraisers with the necessary insight to perform their role effectively.